Arweave looks like it is trying to shift structure after a prolonged downtrend, but this is not confirmed yet.
Price just pushed into a key supply zone while reclaiming short term levels. That move created a potential change of character, but it still needs follow through. Volume expansion on the push is a good sign, showing buyers are stepping in.
Right now this area is the decision point. If price holds above this reclaimed level and builds structure, continuation becomes more likely. That would confirm momentum shifting and open the door for a higher low to form.
If this level fails, expect a rejection back into the range and possibly a sweep of the lows. That would signal the move was just a liquidity grab rather than a true reversal.
Key focus is simple
Hold and consolidate above current level for strength
Reject and lose structure for weakness
Wait for confirmation. This is not the spot to chase, it is the spot to observe.
Price just pushed into a key supply zone while reclaiming short term levels. That move created a potential change of character, but it still needs follow through. Volume expansion on the push is a good sign, showing buyers are stepping in.
Right now this area is the decision point. If price holds above this reclaimed level and builds structure, continuation becomes more likely. That would confirm momentum shifting and open the door for a higher low to form.
If this level fails, expect a rejection back into the range and possibly a sweep of the lows. That would signal the move was just a liquidity grab rather than a true reversal.
Key focus is simple
Hold and consolidate above current level for strength
Reject and lose structure for weakness
Wait for confirmation. This is not the spot to chase, it is the spot to observe.
Check me out btdcrypto.com/links/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Check me out btdcrypto.com/links/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.