ARUSDT.P trade ideas
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Arweave Makes an Impressive Comeback Arweave makes an impressive 94% comeback after losing more than half of its value!
Arweave (AR) has been selling off after reaching its all-time high at $34 on April 1st. The token sold off more than 50%, reaching lows of $16. However, after touching the $17 support, it quickly got up on its feet and rose 94% in just four days!
Arweave’s Trend
At first glance, AR’s trend looks unpredictable and choppy. The coin can range for a long time and then suddenly have a strong and aggressive uptrend.
While this trend may be challenging for new traders, it is actually one of the easiest patterns to trade for experienced traders as AR respects its support and resistance levels precisely. The token bounces up or down in accordance with its support or resistance level, and it does so almost immediately. The same is true for when a breakout occurs. It is usually swift and violent.
As a result, trend-following indicators tend to perform poorly on Arweave, even on the lower timeframes. However, momentum oscillators such as the RSI, Williams %R, or the Stochastics may work well, as the buy signals from these oscillators may coincide with support areas.
Fixate on the little red dot, ARWEAVE is a DREAM WEAVER....Watch carefully the little red dot! That's an important point of confluence at a previous price level and a perfect Fibonacci retracement. Expect this coin to first retrace to support - back to the little red 22.15 dot. Then, If she moves up with increasing volume, BUY when she oozes into the creamy, gooey, green zone.
If she trends towards the "alligator" pit, that means she's not a dream weaver she's a nightmare spawner....! Get out before Freddy comes to get you!
Also, please note that the STOCH RSI and MACD always agree with me.
Just FYI, here is some ARWEAVE news. coinmarketcap.com
FREE ORIGINAL TRADER JOKES
Where do traders go grocery shopping?..... Trader Joes.... (Ha, that one was too easy... just like your...)
ar is a token like file coin its good for long term but here isnt safe for position let see what will happen
Possible break out of channel for ARWEAVE, but maybe too soon...ARWEAVE has been trading on an upward channel, awaiting a breakthrough..... It seems too have crossed the line, but it doesn't have much momentum to carry it downward. Stochastics indicate a possible buy while the Elliot Wave Oscillator indicates a possible downward trend.... I guess I'll let you decide. Maybe you should GO BOTH WAYS, if you can handle it. I know I couldn't....
AR long 4hBUY SOME AND ENJOY PROFITS
Arweave is looking good ...
Total Supply
63,190,435
Reported Circulating Supply
43,825,615 AR
Market Cap
$602,220,343
