Arweave (AR)

Arweave is a decentralized storage network that offers a platform for the indefinite storage of information. Anyway, after AR broke the major downtrend line. it went down further, and now it seems AR wants to break the minor downtrend line too. Let's see what happens.

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AR broke the second downtrend line and is going up.

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So, AR went up pretty well and approaching the first horizontal resistance area. Let's see what happens.

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So, AR gone crazy! :)

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So, AR went up to the second horizontal resistance area, even tried twice but couldn't break it. Thus, came down as correction occurred; gathering momentum for another try. Currently, AR trying to break this area again. Let's see if successful this time.

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So, AR couldn't break the second horizontal resistance area, thus correction started and AR went down. The correction wave took AR down to the previously broken horizontal area. Just have to wait for AR to break the minor downtrend line. Let's see what happens.

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So, it seems AR correction is finished, and broke the descending triangle pattern. Let's see if this time AR can break through the second horizontal resistance area.

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So, as it turned out, AR's correction wave has unfolded in a descending channel. Also, it seems AR has made a double-bottom pattern that signals correction is ending. For confirmation, AR has to break this channel's upper line.

SaeedSalehinia

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SaeedSalehinia