AR/USDT { ARWEAVE } - BULLISH SETUPANALYSIS 🔎
- AR/USDT is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- Price is retesting the ascending triangle's inclined support.
- There's a relatively high concentration of buyers at this zone.
- The minor downtrend swing is resisted by the descending trendline resistance.
- Breakout above this trendline resistance could be a bullish signal.
BUY ENTRY ⬆️
- Aggressive entry: current market price.
- Conservative entry: breakout above the descending trendline resistance.
TARGETS 🎯
- Ascending triangle's horizontal resistance level (@74.40).
- Further breakout above the ascending triangle's horizontal resistance could lead to a pump to the fibonacci extension level 1.0 (@114.10).
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
