Hey traders! I've identified a potential falling wedge pattern on the ARUSDT chart, observed on the two-week timeframe. Let's explore this setup and see what it could mean for potential trading opportunities. Here are the details:
📌 Ticker: BINANCE:ARUSDT
📌 Pattern: Falling Wedge
📌 Timeframe: Two-Week
📊 Chart Analysis:
BINANCE:ARUSDT has formed a falling...
The price had a huge bearish impulse, bounced on the weekly support on 0.3$ and had a new breakout.
The price retested the previous support as new resistance and the market went to test again the previous weekly support on 0.2$.
Connecting the lows and the highs, the price is creating a falling wedge exactly on the weekly support.
How to approach?
We are...