AR\USDTTouching an 8-hour timeframe resistor.
There is also a daily resistance that has caused a FAKE BREAKOUT in the previous encounter.
Breaking the trend line by ERC candle.
The above reasons have led to an uptrend and an ENGOLF in daily time has stabilized it.
It is also possible to create a pullback, which is why I set STOP LOSS below the 8-hour resistance.
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From a classical point of view, head and shoulders pattern has attracted my attention
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When tp1 is passed, I check the situation and apply capital management, and I also trail my sl on the entry point.
ARUSDT.P trade ideas
ARWEAVE/USDT Nice possible re-entry (or DCA) at the $26 range
Points of coincidence:
- lost support at a significant level ($30-32 range)
- price moving towards the trend line (diagonal support) and anchored VWAP
- MFI is oversold
Failing support at the diagonal (S1) invalidates this trade.
No financial or investment advice.
Arweave/USDT looking Bullish- From the ATH on Aug 29/2020, AR. retraced 78% then it grew 2700%
- From the ATH on May 15/2021, it retraced 84% then grew 1160%
- The ATH on Nov 05/2021 retraced 74%, and the growth potential should be at least 700% from point C or 400% from the current price.
- Weekly MFI is currently above 55, very bullish.
- Weekly MACD: coming from below 0 line, it looks like it is getting ready for a crossover. I'm biased to say it looks bullish.
- The project is promising and has a lot of growth potential.
- If the price goes below stop loss, the trade is invalidated.
Note: Not financial or investment advice.
AR/USDTAR/USDT - Very Bullish! Poised for a massive mark up! Bullish Cypher Harmonic made 786 retracement (outperformed BTC on way down) inverse head and oblong shoulders at the PCZ! locally 3 rising valleys, long term supply line breakout from top with backtest bump and run! 69% upside! absolutely amazing looking!
ARUSDT
After completing 5 waves of its own (completing the main wave 1), it entered wave 2 (correcting three waves as a channel)
After the failure of the channel, wave 2 is confirmed and enters the main wave 3, which increases the price and only the previous ceiling.
We have the end of wave 2 positive divergence.