Ar
Testing Support at $33AR is presenting a clear narrative on the 4-hour chart. With the current price at $33, AR has shown some weakening in its bullish momentum, as indicated by the price movement converging with a dynamic resistance level and falling back.
The chart details a point where the price has lost its upward drive and indicates that this could be a pivotal area for future price action. The Bollinger Bands show that the price has pulled back from the upper band and is now closer to the lower band, which could act as a short-term support.
The volume is moderate at 53.6K, which doesn't suggest an overwhelming market consensus in either direction at this time. The Moving Average Convergence Divergence (MACD) histogram has ticked up slightly, yet the MACD line remains below the signal line, indicating that the bullish trend may be running out of steam.
The Stochastic Oscillator, while not in the oversold territory, is trending downwards, suggesting that the momentum could be shifting. Moreover, the Relative Strength Index (RSI) is hovering around the midpoint, aligning with a neutral market sentiment without strong bias to either buying or selling pressure.
Given these indicators, traders might be cautious, watching to see if the local support level holds, which could offer a rebound opportunity, or if the price will break through this support and explore lower levels. The area marked as 'Local Support' on the chart will be particularly important; if this level doesn't hold, it could lead to further declines. Conversely, if the price maintains above this support, it could signal a potential recovery or consolidation phase.
The intersection of these technical elements—price action, indicators, and support/resistance levels—will guide traders' decisions in the near term.
Natural Gas closed bullishly today!Nat gas confirmed a daily chart breakout!
Its looking likely that we are now putting in a basing formation to move higher.
Now that we are holding above $1.86...we could start to see shorts cover.
I remain bullish as long as were above this key gap zone from 2020.
Nat gas resource stocks are continuing to show signs of accumulation.
$2.25 upside target on watch. $3- $4 by end of year.
Natural Gas & Oil - Heating Up!Nat gas made a bullish reversal today. Closing up over 6%
Natural gas has recaptured the short term trend and is trying to establish a new bullish range.
If Nat gas holds above the key $1.8622 level we will have a quick squeeze to $2.25
Oil continues to grind higher. making new higher highs and higher lows.
Oil is now on watch to target $90 a barrel.
Inflation still in a downtrend with these commodities breaking out?
AR/USDT Double top, Potential back test on the demand or support💎 AR has recently undergone notable market dynamics, characterized by the formation of a double-top pattern. This pattern typically signifies a bearish trend reversal, with the target set at the demand area.
💎 However, if AR manages to break above the previous high at $47.5, it would invalidate the pattern, indicating a potential continuation of the upward movement toward the strong resistance area.
💎 Should the double top pattern prove valid, AR is likely to back-test the demand area around $25.7 - $22. This demand area holds significant importance, as failure to bounce from here and continue the upward movement would result in further downward pressure, potentially leading to the support area.
💎 Bouncing from the support area is crucial for AR, and it must reclaim the price above the demand zone at $25.7. Failure to do so would signify continued downward momentum, with the price likely to decline further.
🟢 AR Trade Plan: Bullish Pullback Strategy 📈🚀🎯 Entry Point:
Spot buy between $33 to $38 during the anticipated short-term pullback into the buy zone.
🎯 Take Profit Levels:
First target: $54
Second target: $69
🛑 Stop Loss:
Set at a daily close below $28 to manage downside risk.
📊 Strategy Rationale:
Capitalizing on AR's strong performance and potential pullback opportunity.
Targets set at key resistance levels for profit-taking.
Stop loss placed below significant support to mitigate losses in case of a reversal.
📉📈 Note: Stay vigilant for entry opportunities and adjust strategy based on price action. Monitor closely for breakout confirmation. #AR #TradingStrategy #BullishPullback 🟢📊
Natural Gas still coiling! breakdown or breakout? Natural Gas is appraoching the apex of a wedge pattern.
The Apex is the very tip of the triangle where 2 trendlines meet.
Price will likely have to make a move by April 3 or sooner.
As for which way will price break is anyones guess, but probabliietes are slightly swaying lower.
Signs of accumulation are being observed in the resource stocks. So a bottom is typically approaching.
DBC EtF has broken out. Nat gas has a small weighting in there.
ARUSDT.4HAnalyzing the AR/USDT 4-hour chart, I'm taking into account several technical aspects:
Bollinger Bands (BB): The price is currently trading near the middle Bollinger Band (BB:Basis), after having descended from the upper Bollinger Band. This suggests that the price is consolidating, and the middle band may act as a potential support or pivot point.
Trend Patterns: The chart has depicted a rising wedge pattern, which typically signals a bearish reversal following an uptrend. The price has indeed broken down from this pattern, confirming the potential bearish bias.
Relative Strength Index (RSI): The RSI is at 47.50, which is neutral territory. This does not give a clear indication of overbought or oversold conditions but does tell me that there's room for movement in either direction without immediate pressure from these extremes.
Moving Average Convergence Divergence (MACD): The MACD line is below the signal line, and the histogram bars are decreasing in height, both of which suggest that the bearish momentum is present, although it may be weakening.
Volume: Not shown here, but as always, I'd look for confirmation of these signals with the trading volume.
Conclusion:
Based on my analysis, I'm observing a market that appears to be in a state of consolidation after a bearish breakdown from a rising wedge. I would look for potential selling opportunities, especially if the price starts to approach the upper Bollinger Band with the RSI nearing overbought conditions, which could signal a good risk-reward ratio for a short position. My first target would be the lower Bollinger Band, with further downside potentially indicated by the MACD's momentum. As for entry, I'd prefer a retest of the wedge's underside as a bearish confirmation.
However, given that the market is not showing extreme conditions on the RSI and that the MACD's bearish momentum is not strongly pronounced, I would keep my positions moderate and employ tight stop losses. The neutral RSI suggests that there is no immediate rush to enter a position, so patience is key. I'd remain vigilant for any signs of a bullish reversal, such as a crossover of the MACD line above the signal line or an RSI push above 60, which might prompt a reevaluation of my stance. As with any trade, this plan would need to be flexible and responsive to the market's changing dynamics.
Arweave #AR Inverse head and shoulders Should give you a double.Pretty clean inverse head and shoulders
Arweave has already been a big winner for us
as we identified a falling wedge pattern which gave us massive opportunity for upside profit potential ..
This target may take a little longer to achieve
but early entry holders could easily be sitting on a 5-6X by then on their spot purchases!
Arweave - #AR Another Falling wedge structureArweave is coming into a minor resistance level
But it is a good example of a falling where the price action gets cornered into the end of the wedge
before breaking out to the upside
I expect we could see #Arweave surpass the 0.618 Fibonnaci after a pause and go on to hit 50% retracement. As per a measured move taking the top of the wedge distance to the breakoutpoint.
ARUSDT SHORT ENTRY TO RETRACEMENT : $15.00 - ~$6.50AR will race down from here for some unrelated reason that some crypto journalist will find randomly tomorrow, and then promptly fabricate an immaculate connection, which the entire world of crypto will swallow without a hitch, exactly as they've been trained to, and I'll endlessly frustrated, still wanting a onezy for my birthday..
Entry: $15.00
TP1: $11.70
TP2 : $6.50 - $7.00 * (WAIT FOR UPDATE TO CONFIRM)
🚀📈 AR Price Analysis - Post-Massive Move! 🔄📊
🚀📈 AR Price Analysis - Post-Massive Move! 🔄📊
📊 Price Movement:
Recent Move: AR had a massive move to the upside, reaching $16.5.
Current Level: It has retraced back to $13, potentially finding local support.
💼 Trading Consideration:
Support Level: If the current level around $13 holds, there might be an opportunity for further upside.
Potential Retracement: Failure to hold could lead to a retracement back to $11.60.
Major Resistance: The next major resistance is at $25.
🔄🔍 Note: Monitor the price action closely and adapt your strategy based on market dynamics. 📈💹 #AR #CryptoTrading #PriceAnalysis 🚀📌
Natural Gas back at Covid lows!The widow maker continues to bleed lower and squeeze longs.
This is the exact opposite of a short squeeze. We're going through a long squeeze.
This commodity is at extreme low levels. Covid low levels when the GDP was contracting.
I believe an epic bounce will arise, but this has a history of extreme price action.
Natural Gas resource stocks are making bullish reversals, usually a good sign of a near bottom.
AR UPDATE (4H)This analysis is an update of the analysis that you can see at the bottom of this page, in the related analysis section
AR has also changed its structure to a triangle and has broken the resistance of the previous analysis
We have a flip zone, if the price pullback to the green flip zone, we will enter a Buy/Long position
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
AR ANALYSIS (6H)We have a large liquidity pool on the chart, which we have marked with $$$. This pool is expected to be swept soon
The F wave of the large diametric is also completed and we need a drop for the G wave.
In this part of the chart we focus on wave F and G. AR can move from supply to demand
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Natural GAs bulls defending the lowsNat gas closed positively today in a weak market.
The importance of this close is it was a close above yesterdays high. Showing some potential near term momentum .
If Nat Gas can closes above the resistance trendline we could see a retrace to $2.50.
Looking for a weekly bottoming tail on Nat gas to confirm a local bottom.