Arweave has formed a large falling wedge (in blue), a bullish formation.
This 3-day timeframe shows RSI already reached the oversold area and a bounce is in order. The issue is that resistance is not far away at just under $19.
Should AR move above $19, then a break above this wedge becomes likely.
Price could also escape this formation by simply moving...
We can take short either on breaking two levels that are lower or when price makes false breakout of local high. Be aware about btc strip.
⭐️ BTC bearish
⭐️ Trend is bearish
⭐️ Volume at top
⭐️ Good levels nearby
⭐️ Doing last pullback to kill bears
⭐️ 161 ATR
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip...
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High possibility of retesting after breaking through the downward wedge
Based on technical factors there is a short position in :
📊 ARUSDT Arweave
🔴 Short Now 33.57
🧯 Stop loss 37.10
🏹 Target 1 32.00
🏹 Target 2 29.60
🏹 Target 3 26.80
🏹 Target 4 22.22
💸Capital : 1%
We hope it is profitable for you ❤️
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Arweae seems keen to test the resistance. Bias is quite bullish on lower timeframes like daily.
This chart is a weekly one, but still looks bullish in the near term.
A test of the $36 level is likely before any possible fall.
Bias is bullish right now.
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Arweave dropped to a key support level at $25 dollars. Normally we should expect a bounce from this level at least until the top of our downtrend or resistance level.
However, the market remains quite bearish and a bounce may be weak. If this key support is lost then Arweave will go under $20.
I am totally interested to buy at around $10, particularly if the...
Hello 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...