ARUSDT Ready for a Strong UpsideARUSDT Technical analsysi update
ARUSDT has been trading inside a falling wedge pattern for the last 250 days. The price is now moving toward the wedge resistance line for a potential breakout. Once the breakout is confirmed on the daily chart, we can expect a strong bullish move in AR.
The 2022 resistance level is acting as strong support at the bottom of the falling wedge, and the price is currently bouncing from this level.
Regards
Hexa
Arusdtsignals
ARUSDT Shows Potential for Rally!ARUSDT technical analysis update
AR's price is breaking the falling wedge resistance on the daily chart after 200 days of formation and is about to cross above the 100 EMA. Once the breakout is confirmed on the daily chart, we can expect a strong bullish rally in AR
Regards
Hexa
AR/USDT Crucial area. Required for Break to Continue movement💎 AR has certainly captured the market's attention. Presently, AR has managed to break past the supply zone and is in the midst of a confirmed retest phase. Following its retest, where the supply turned into a demand zone, AR experienced a swift upward surge, now approaching the formidable supply level at $6.2.
💎 Should AR successfully breach and settle above the $6.2 supply mark, it's poised for a continued upward trajectory, probability targeting the next supply zone and the bearish OB.
💎 However, if AR faces rejection at the $6.2 supply threshold, there's a possibility it might retreat to the demand zone to gather momentum for another breakout attempt.
💎 On the downside, if AR retraces to the demand zone and fails to hold its ground, it could signal a bearish trend. In such a scenario, AR might be on a path to test the deeper demand level at $4.12.
AR/USDT 1-day potential long setupBINANCE:ARUSDT
AR/USDT 1-day potential long setup
The price of AR/USDT broke the previous resistance level of 4.36 and touched 4.60, but failed to sustain the momentum and retreated. It has since consolidated in the range of 4.22 to 4.48, but is now compressed between 4.00 and 4.17. The price has been accumulating in this zone for the past 7 days, suggesting that there is a strong buying interest at these levels.
A long position is now expected in this area, with a target of 4.60 and a stop loss below 4.00. Bullish divergence is also present on the 4-hour chart, which confirms the bullish outlook.
Key technical indicators:
Price: 4.15
Support: 4.00
Resistance: 4.76
Target: 5.20
Stop loss: Below 4.00
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
AR / ARUSDTGOOD LUCK>>>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
ARUSDT First time above the 1D MA200 in history!*** ***
For this particular analysis on the Arweave we are using the ARUSDT symbol on the OKX exchange.
*** ***
The idea is on the 1D time-frame where AR broke today above its 1D MA200 (orange trend-line), for the first time ever! That alone is a major bullish break-out but it is not the only one. The price also broke today above the Lower Highs trend-line that started on the January 04 High and has been keeping the token within its Bear Cycle. We can claim that today was the first step to establish the new Bull Cycle.
The 1D MA50 (blue trend-line) is supporting, the 1W RSI is steadily rising since the June 19 Bottom and we are past a 4H Bullish Cross (red 4H MA50 crossing above the yellow 4H MA200). It is natural to see a pull-back now, first due to profit taking and second because the price hit the Resistance Zone formed from the July 18 and July 31 Highs. A rejection can potentially re-test the 1D MA50 as a Support. A closing above the Resistance Zone and more importantly the Channel Up (grey) that seems to have been developed, can target the next Resistance, the 42.00 April 04 High.
-------------------------------------------------------------------------------
** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
-------------------------------------------------------------------------------
👇 👇 👇 👇 👇 👇
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇