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Arbtc

Arweave Cup & Handle Bullish Breakout (+Targets)We have the same pattern also for Arweave (ARBTC) but we will look at it in the C&H way. We have the cup and handle pattern with a bullish breakout. The day that ARBTC went above EMA50 is also the second highest volume day for this pair on this chart. Signaling buyers pressure (strength). When a pair is trading above EMA10 we say the short-term potential favors the bulls; Above EMA50, we say the doors are open for strong growth. Above EMA200, there can be any type of bullish action, fast, slow, strong but always green... Additional details on the chart. Namaste.
Long
by MasterAnanda
2
AR/USD - Bullish falling wedge, can price break out?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 sideways and forming a prolonged bottom depending on the market conditions. Bias is somewhat bullish, but I am not convinced price can leave this formation just yet. Like and follow if you liked this idea.
Long
by DU09
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!
by DU09