Arweave Long-Term Accumulation Zone & 2025 Bull-Market
You know, it is very easy to predict a drop when prices are trading pretty high after a bullish wave, like on this chart around March-May; but it is much more harder to do so once prices are trading pretty low and around support. Because it is normal to be bullish at support and a reversal can happen anytime... But, I will try anyway and see what happens.
➖ ARUSDT (Arweave) is breaking bearish out of a falling wedge which is normally a bullish reversal pattern. Seeing a bearish breakdown of this pattern simply means that the market is really weak or simply ready to continue lower.
Actually, I have no doubt as to what comes next.
The main drop in August activated the same price level at which ARUSDT traded back in late February 2024. If you see the big green candles in late February 2024, you see that there is no support as consolidation happened prior at a lower level.
Support turns into resistance, resistance turns into support.
Now, between November 2023 and early February 2024 there is a period of consolidation, this level can work as support. This range also encompasses a much longer range that goes all the way back to June 2022, the consolidation range is really big so support can also be found lower.
This long-term accumulation zone is about to become active and once activated we will be looking at the price zone that will precede the next major bull-market. Arweave will produce a long long-term higher low and from this zone we will see the biggest growth since 2021.
We will have a period of 8 to 16 months of maximum growth starting late 2024. It can be slow in early 2025 but green, gaining speed around March.
Thank you for reading.
Wishing you the best.
Remember, you are an eternal living being and you cannot die, your physical body is just a vehicle for you to have some unique experiences. When the body gets old, we change it for a new one just like we change our clothes.
Namaste.
➖ ARUSDT (Arweave) is breaking bearish out of a falling wedge which is normally a bullish reversal pattern. Seeing a bearish breakdown of this pattern simply means that the market is really weak or simply ready to continue lower.
Actually, I have no doubt as to what comes next.
The main drop in August activated the same price level at which ARUSDT traded back in late February 2024. If you see the big green candles in late February 2024, you see that there is no support as consolidation happened prior at a lower level.
Support turns into resistance, resistance turns into support.
Now, between November 2023 and early February 2024 there is a period of consolidation, this level can work as support. This range also encompasses a much longer range that goes all the way back to June 2022, the consolidation range is really big so support can also be found lower.
This long-term accumulation zone is about to become active and once activated we will be looking at the price zone that will precede the next major bull-market. Arweave will produce a long long-term higher low and from this zone we will see the biggest growth since 2021.
We will have a period of 8 to 16 months of maximum growth starting late 2024. It can be slow in early 2025 but green, gaining speed around March.
Thank you for reading.
Wishing you the best.
Remember, you are an eternal living being and you cannot die, your physical body is just a vehicle for you to have some unique experiences. When the body gets old, we change it for a new one just like we change our clothes.
Namaste.
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