AR/USD - Descending Channel. Price at Support! 🤔

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 market remains bearish and we get a nice discount.

High timeframes like weekly are bearish but in the short term, we could get a nice relief rally. :)

Let's see, bias is neutral as long as this support holds. If it breaks, bias turns BEARISH.

Like and follow if you liked this idea!
arbtcarusdARUSDTarweaveChart PatternsTechnical IndicatorsTrend Analysis

📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰

🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha

Likes and follows appreciated! 🚀
Also on:

Related publications

Disclaimer