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Arusd

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 - Scalp short. Follow it before it's too late!We can take short either on breaking two levels that are lower or when price makes false breakout of local high. Be aware about btc strip. ⭐️ BTC bearish ⭐️ Trend is bearish ⭐️ Volume at top ⭐️ Good levels nearby ⭐️ Doing last pullback to kill bears ⭐️ 161 ATR Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster. Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Short
by Artem_Dishel
2
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