ARUSDT.P trade ideas
AR/USDT-LongAfter breaking out the important resistance in the previous rally, it seems the price is pulled back to the mentioned area. If the price stays in the upper this area, it could be touched the next targets ahead, in my point of view. Also maybe touch the canal midline or hit the top canal line in the long term. As always, it's not an investment suggestion.
🅰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
Arweave (AR) 100% - 150% Profit opportunityArweave (AR)
Current Price: 65usd
Buy Zone: 56-62usd
Sell Zone: TP1: 108-120usd TP2:130-140usd
What Is Arweave (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.
Breakout imminent, likely by FridayHi, in my previous analysis, I stated that we should expect a breakout in November from the 48-60 zone, which has played out since.
Previous post is linked below.
Since then, the chart has printed a bullish pennant with a breakout due imminently. On the 4 hour chart this extends over to by the end of the week. A breakout from this range will first face resistance at the ATH at 91, followed by 102 from fibonacci levels.
Target: 102
SL: below 70, or below trend line depending on risk tolerance
Invalidated by: a breakdown of lower trend line
AR, head and shoulders pattern.The following content is machine translation:
The bulls should avoid it temporarily to see if they can break the neckline.
If the break is "true" head and shoulders, bearish.
Failure to break is a "fake" head and shoulders, and there is a high probability that it will set a new high.
Analyzing Business Fundamentals via a Conference Speaker ListI'm about to test out a little something I stumbled on while following the Fantom conference.
Fortunately the conference organizers have laid out the future for you in this simple little thing called, the Agenda.
The upcoming Solana Conference called Break Point has a few reasons why I think coins will explode in the days leading up to it:
1. Solana is one of the hottest ecosystems at the moment by a variety of measures, one being GitHub activity
2. Sam Bankman-Fried has a clear picture how to grow that stems beyond Crypto. If I had to bet on one that could take their product and "Cross the Chasm" to product market fit. I bet on Sam.
2a) Marketing >>> Sports teams
2b) Capital >>> Alameda Research + VC relationships
2c) Game Hype >>> Star Atlas
2d) Regulation >>> FTX US made for Institutions
3. Due to the Solana crash in September, key ecosystem projects are still down 50-70%
4. They seem to like Chinese Astrology. Conference spans 3 Metal Days and ends on a "Close Day".
5. Sam is a Water Monkey speaking on the day of the Monkey on the hour of the Monkey. Coincidence? I don't think so
z
Follow up on my previous idea on ARUSDTAs refer to my previous analysis, the Price has broken new high and new low as shown in the yellow dash line. Therefore, the estimated price need to adjust accordingly. Referring to the estimated price shown in the purple dashed line, the target price has just reached. Price is aspected to retrace first.
ARUSDT Resistance Breakout!ARUSDT (1D Chart) Technical analysis
ARUSDT (1D Chart) Currently trading at $71.78
Buy level :Above $71
Stop loss: Below $49
TP1: $90
TP2: $125
TP3: $160
TP4: $205
Max Leverage 2x/Spot Market
Always keep Stop loss
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