ARUSDT trade ideas
some use of divergence and some prediction on ARUSDTi see a up trend in 1h starting with a squeeze in sideway pattern . after trending higher market reached its resistance area . you can see that the correction is taking more time that it should to trend higher with power. so this up trend is weak . after understanding this weakness , i myself, used macd to see that the last 2 lows of uptread wave is showing us hidden divergence .in my opinion now is the best time to see a divergence in tops to go short!
AR Arweave: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Arweave (ARUSDT).
The chart is self-explanatory. The current price is in a bearish pennant with the RSI in the oversold region. The price may have the ability to go up with a potential for a fake out. The measured move of the bearish pennant is almost at the Danger Zone (multi-month) support line. If price moves up, keep an eye on the resistance areas as well as the Ichimoku Cloud resistance.
Included in the chart: Trend line, Support and Resistance Lines, RSI , Bearish Pennant, Ichimoku Cloud, Volume.
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
ARWeave Analysis: Still on CorrectionAR just painted a head and shoulders pattern and recently broke out of the neckline of this pattern. Since the whole market is bearish and on correction right now, AR will also see more dips. I think we are on the "A" wave of Elliott Wave counting. I expect the A wave to end at $18 and then bounce back up to the bottom line of the main head and shoulders which will complete the pullback as well as the B wave on %38.2 of "V" to "A" impulse. The last correcting wave (C) will bounce at $7.5 which is the golden zone to buy back AR