🅰AR- New ATH, testing previous highsAfter breaking major resistance and setting new ATH on November 5th the price is now back in the area of previous highs testing it as support. The current area is also supported by previous dynamic resistance(aqua), 200EMA(4h), 0.5FIB retracement and mid-channel dynamic support(green). If buyers manage to defend this level, we can expect more upward pressure pretty soon. In case of a bigger dump we can expect the price to find support between 60.69 and key level (58.89)
Entry: buy at current price(66.60) down to 200EMA
Targets:
70.18
74.80
80.08
85.79
89.53
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About AR:
Arweave is a decentralized storage network that seeks to offer a platform for the indefinite storage of data. Describing itself as "a collectively owned hard drive that never forgets," the network primarily hosts "the permaweb" — a permanent, decentralized web with a number of community-driven applications and platforms.
To learn more about this project, check out our deep dive of Arweave.
The Arweave network uses a native cryptocurrency, AR, to pay "miners" to indefinitely store the network's information.
The project was first announced as Archain in August 2017, later rebranding to Arweave in February 2018 and officially launching in June 2018.
Source: coinmarketcap
