AlanSantana

Arweave Cup & Handle Bullish Breakout (+Targets)

Long
KUCOIN:ARBTC   Arweave / Bitcoin
We have the same pattern also for Arweave (ARBTC) but we will look at it in the C&H way.

We have the cup and handle pattern with a bullish breakout.

The day that ARBTC went above EMA50 is also the second highest volume day for this pair on this chart.
Signaling buyers pressure (strength).

  • When a pair is trading above EMA10 we say the short-term potential favors the bulls;
  • Above EMA50, we say the doors are open for strong growth.
  • Above EMA200, there can be any type of bullish action, fast, slow, strong but always green...

Additional details on the chart.

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