Arweave is coming into a minor resistance level
But it is a good example of a falling where the price action gets cornered into the end of the wedge
before breaking out to the upside
I expect we could see #Arweave surpass the 0.618 Fibonnaci after a pause and go on to hit 50% retracement. As per a measured move taking the top of the wedge distance to the breakoutpoint.
But it is a good example of a falling where the price action gets cornered into the end of the wedge
before breaking out to the upside
I expect we could see #Arweave surpass the 0.618 Fibonnaci after a pause and go on to hit 50% retracement. As per a measured move taking the top of the wedge distance to the breakoutpoint.
Trade active
Arweave is Flying!Trade closed: target reached
Target Hitwill it retrace ?
will it pause?
Note
Measured move, of the falling wedge. Was in the $9.50-60 area. Hit $9.30I calculated the measured move , by taking the low from 30th of Dec 2022 - to the high on 17th of Feb 2023
and adding that distance to the breakout point _ log chart.
Trade active
we could be forming a massive inv head and shoulder. Right shouldering from the recent local high
backing and filling going on
neckline ~ $9.30
linear price target north of $15
Trade active
Patience pays.Note
Imagine Buying and hodling this idea5X already in the bag
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.