ARUSDT UpdateAR has beaten expectations for it's falling wedge breakout. It is the storage solution for Solana, so I guess it has been dragged along with SOL's massive run. Most likely scenario from here IMO is that the market will treat this move as the C wave of a massive ABC correction from the project launch, with a target of around $80. This would represent bearish sentiment but this is commonly the market assumption for projects until they prove they are not slowly making their way to zero! Arweave would have to complete the C-wave, retrace and then go on to make a higher high next bull market for the long-term bull case to be proven... Alternatively, if it breaks $150 this cycle, we would then assume that this is actually a bullish continuation from last cycle's highs as part of a wave 3. We will have to wait and see...
ARUSDT trade ideas
#ARUSDT #ARUSDT
The price has been moving in a bearish trend since July 2022
We are now on the verge of breaking through this science
Likewise, another bullish-bearish triangle pattern inside the flag was broken upward, giving us momentum to rise
Current price 8.98
The first goal is 14.68
Second goal 18.64
Which represents 200% of the current price
ARUSDT.4HAnalyzing the AR/USDT 4-hour chart, I'm taking into account several technical aspects:
Bollinger Bands (BB): The price is currently trading near the middle Bollinger Band (BB:Basis), after having descended from the upper Bollinger Band. This suggests that the price is consolidating, and the middle band may act as a potential support or pivot point.
Trend Patterns: The chart has depicted a rising wedge pattern, which typically signals a bearish reversal following an uptrend. The price has indeed broken down from this pattern, confirming the potential bearish bias.
Relative Strength Index (RSI): The RSI is at 47.50, which is neutral territory. This does not give a clear indication of overbought or oversold conditions but does tell me that there's room for movement in either direction without immediate pressure from these extremes.
Moving Average Convergence Divergence (MACD): The MACD line is below the signal line, and the histogram bars are decreasing in height, both of which suggest that the bearish momentum is present, although it may be weakening.
Volume: Not shown here, but as always, I'd look for confirmation of these signals with the trading volume.
Conclusion:
Based on my analysis, I'm observing a market that appears to be in a state of consolidation after a bearish breakdown from a rising wedge. I would look for potential selling opportunities, especially if the price starts to approach the upper Bollinger Band with the RSI nearing overbought conditions, which could signal a good risk-reward ratio for a short position. My first target would be the lower Bollinger Band, with further downside potentially indicated by the MACD's momentum. As for entry, I'd prefer a retest of the wedge's underside as a bearish confirmation.
However, given that the market is not showing extreme conditions on the RSI and that the MACD's bearish momentum is not strongly pronounced, I would keep my positions moderate and employ tight stop losses. The neutral RSI suggests that there is no immediate rush to enter a position, so patience is key. I'd remain vigilant for any signs of a bullish reversal, such as a crossover of the MACD line above the signal line or an RSI push above 60, which might prompt a reevaluation of my stance. As with any trade, this plan would need to be flexible and responsive to the market's changing dynamics.
Still bullish Hello guys ,a new attractive idea on #AR currency
Itโs a little risky so should be patient or trade with your plan
According to the waves analysis we can expect that price rise again to the green zone.
This is my personal opinion and is not an offer to buy or sell, please act according to your trading plan
follow me for more ideas
ARWEAVE ARUSDT Long Term I'm not a financial advisor, and the information I provide should not be considered as financial advice. Any decisions you make based on the information I give are your own responsibility. It's important to conduct your own research or consult with a qualified financial professional before making any financial decisions.
Arweave #AR Inverse head and shoulders Should give you a double.Pretty clean inverse head and shoulders
Arweave has already been a big winner for us
as we identified a falling wedge pattern which gave us massive opportunity for upside profit potential ..
This target may take a little longer to achieve
but early entry holders could easily be sitting on a 5-6X by then on their spot purchases!
$AR Trade with Support and Resistance in 1h TFI was watching this trade for some time and i was not very sure about it as i do not risk too much in my trades. But The volume and the breakout that happened got me into the trade right when the breakout happened.
Untill now the trade is doing very well. I have a TPR of 200% and i will close it without taking any further risk, as
ARUSDT
may pump even more.
Once this trade closes successfully i will share the PnL here as well.
#ARUSDT a new oportunity for enterancehey dear traders, my idea is that ARUSDT will have a small corraction on the way... you can have a short position on it, or you can buy more for langterm...
We have some orders on 30$ so i think we have some oportunity for buy there!
please make me happy with your ideas about this. thanks
AR (Arweave) / Bullish Ascending TriangleInside the bullish ascending triangle, liquidity was taken out with equal lows deviation. Subsequently, an impulse was obtained.
Expecting deviation from the top. Previously, three times the upper level of the formation was tested, so there is already a probability of consolidating above the upper level and reaching its target.
ARUSDTJust an idea for a short-term trade; buy in the zone if it plays out. I am also thinking we could drop to as low as $13.5 - $15.5 or carry on up! I think AR is probably going to form a long-term ascending triangle and revisit the highs before correcting, but this is pure speculation at this stage. Great project with great tokenomics; dangerous to fade IMO.
ARUSDTARUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?
Arweave (AR) is setting up for upto 20.50% pumpHi dear members , hope you are well and welcome to the new trade setup of Arweave (AR) coin with US Dollar pair.
Recently we caught almost 331% pump of AR as below:
Now on a 2-hr time frame, AR is completing the final leg of a bullish BAT move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
AR/USDT Potential back-test of the support area, Could Bounce ??๐AR has undoubtedly captured significant attention in the market. Presently, AR is positioned for a potential back-test of the support area, coinciding with the presence of the support trendline.
๐ Historical data indicates that AR has consistently exhibited a bouncing pattern when encountering the support zone. If this pattern holds once more, there is the potential for AR to break out of the resistance trendline and subsequently breach the key resistance level at 10.74.
๐ A successful breakout of these levels could probability facilitate an easier path for AR to reach our target zone, the bearish OB area.
๐ Conversely, if AR fails to maintain the support area due to a lack of rebound, this could signify a bearish momentum shift. In such a scenario, the price would likely continue its downward trajectory, eventually reaching the demand area, which was previously a supply zone, and thus creating an opportunity for a fresh upward momentum.
๐ It's important to note that should AR achieve a bounce at the demand area, the possibility of a price recovery is viable, potentially allowing for the reclamation of the price above the support. However, if AR fails to rebound at the demand level and instead breaks down below it, this would confirm a bearish movement, resulting in further downward price action.
AR/USDT Primed for a Bullish Advance from Demand Zone? ๐ AR๐ Paradisers, prepare for a riveting trading experience with #ARUSDT, as it indicates a bullish push forward from its energetic demand zone.
๐ Observing the shift, the previous supply zone at $11.277 has now become a pivotal demand level. With the #Arweave gaining momentum here, there's a strong chance for an upward trajectory aimed at breaching the supply zone at $17.851, should the momentum be sustained.
๐ Should the enthusiasm for #AR begin to diminish, we're bracing for a potent rebound from the solid demand at $9.010. The Fair Value Gap (FVG) present at this level bolsters the bullish outlook. Coupled with the liquidity richness, a bullish jump from the Bullish OB is highly anticipated. Nonetheless, dropping below this key level might usher in a shift to a deeper bearish phase.
ARUSDT Nearing End of Wave 1Arweave broke out of its ending diagonal and is now nearing completion of the starting wave (1) of a new impulse. My target for the end of this expanding wedge is $15-18 - $18 is the technical target of the wedge breakout but this will likely be manipulated (higher or lower, depending on the leverage positions) because its so obvious. I'll hazard a guess that it reaches $16.5 (there is a weekly support here from the 2021 run that will likely act as resistance).
Arweave - #AR Another Falling wedge structureArweave is coming into a minor resistance level
But it is a good example of a falling where the price action gets cornered into the end of the wedge
before breaking out to the upside
I expect we could see #Arweave surpass the 0.618 Fibonnaci after a pause and go on to hit 50% retracement. As per a measured move taking the top of the wedge distance to the breakoutpoint.
AR CUP & HANDEL PATTERN ๐โ๐โ๐๐Hi dear treaders
The price has formed a bullish cup and handle pattern.
If the pattern is confirmed, after breaking the resistance area of 16.398, we expect the price to reach the desired targets.
Let's see what happens
This is not financial advice ( DYOR )
Good luck