Testing Support at $33AR is presenting a clear narrative on the 4-hour chart. With the current price at $33, AR has shown some weakening in its bullish momentum, as indicated by the price movement converging with a dynamic resistance level and falling back.
The chart details a point where the price has lost its upward drive and indicates that this could be a pivotal area for future price action. The Bollinger Bands show that the price has pulled back from the upper band and is now closer to the lower band, which could act as a short-term support.
The volume is moderate at 53.6K, which doesn't suggest an overwhelming market consensus in either direction at this time. The Moving Average Convergence Divergence (MACD) histogram has ticked up slightly, yet the MACD line remains below the signal line, indicating that the bullish trend may be running out of steam.
The Stochastic Oscillator, while not in the oversold territory, is trending downwards, suggesting that the momentum could be shifting. Moreover, the Relative Strength Index (RSI) is hovering around the midpoint, aligning with a neutral market sentiment without strong bias to either buying or selling pressure.
Given these indicators, traders might be cautious, watching to see if the local support level holds, which could offer a rebound opportunity, or if the price will break through this support and explore lower levels. The area marked as 'Local Support' on the chart will be particularly important; if this level doesn't hold, it could lead to further declines. Conversely, if the price maintains above this support, it could signal a potential recovery or consolidation phase.
The intersection of these technical elements—price action, indicators, and support/resistance levels—will guide traders' decisions in the near term.
ARUSDT.P trade ideas
AR/USDT Double top, Potential back test on the demand or support💎 AR has recently undergone notable market dynamics, characterized by the formation of a double-top pattern. This pattern typically signifies a bearish trend reversal, with the target set at the demand area.
💎 However, if AR manages to break above the previous high at $47.5, it would invalidate the pattern, indicating a potential continuation of the upward movement toward the strong resistance area.
💎 Should the double top pattern prove valid, AR is likely to back-test the demand area around $25.7 - $22. This demand area holds significant importance, as failure to bounce from here and continue the upward movement would result in further downward pressure, potentially leading to the support area.
💎 Bouncing from the support area is crucial for AR, and it must reclaim the price above the demand zone at $25.7. Failure to do so would signify continued downward momentum, with the price likely to decline further.
🟢 AR Trade Plan: Bullish Pullback Strategy 📈🚀🎯 Entry Point:
Spot buy between $33 to $38 during the anticipated short-term pullback into the buy zone.
🎯 Take Profit Levels:
First target: $54
Second target: $69
🛑 Stop Loss:
Set at a daily close below $28 to manage downside risk.
📊 Strategy Rationale:
Capitalizing on AR's strong performance and potential pullback opportunity.
Targets set at key resistance levels for profit-taking.
Stop loss placed below significant support to mitigate losses in case of a reversal.
📉📈 Note: Stay vigilant for entry opportunities and adjust strategy based on price action. Monitor closely for breakout confirmation. #AR #TradingStrategy #BullishPullback 🟢📊
ARUSDT UpdateAR has beaten expectations for it's falling wedge breakout. It is the storage solution for Solana, so I guess it has been dragged along with SOL's massive run. Most likely scenario from here IMO is that the market will treat this move as the C wave of a massive ABC correction from the project launch, with a target of around $80. This would represent bearish sentiment but this is commonly the market assumption for projects until they prove they are not slowly making their way to zero! Arweave would have to complete the C-wave, retrace and then go on to make a higher high next bull market for the long-term bull case to be proven... Alternatively, if it breaks $150 this cycle, we would then assume that this is actually a bullish continuation from last cycle's highs as part of a wave 3. We will have to wait and see...
#ARUSDT #ARUSDT
The price has been moving in a bearish trend since July 2022
We are now on the verge of breaking through this science
Likewise, another bullish-bearish triangle pattern inside the flag was broken upward, giving us momentum to rise
Current price 8.98
The first goal is 14.68
Second goal 18.64
Which represents 200% of the current price
ARUSDT.4HAnalyzing the AR/USDT 4-hour chart, I'm taking into account several technical aspects:
Bollinger Bands (BB): The price is currently trading near the middle Bollinger Band (BB:Basis), after having descended from the upper Bollinger Band. This suggests that the price is consolidating, and the middle band may act as a potential support or pivot point.
Trend Patterns: The chart has depicted a rising wedge pattern, which typically signals a bearish reversal following an uptrend. The price has indeed broken down from this pattern, confirming the potential bearish bias.
Relative Strength Index (RSI): The RSI is at 47.50, which is neutral territory. This does not give a clear indication of overbought or oversold conditions but does tell me that there's room for movement in either direction without immediate pressure from these extremes.
Moving Average Convergence Divergence (MACD): The MACD line is below the signal line, and the histogram bars are decreasing in height, both of which suggest that the bearish momentum is present, although it may be weakening.
Volume: Not shown here, but as always, I'd look for confirmation of these signals with the trading volume.
Conclusion:
Based on my analysis, I'm observing a market that appears to be in a state of consolidation after a bearish breakdown from a rising wedge. I would look for potential selling opportunities, especially if the price starts to approach the upper Bollinger Band with the RSI nearing overbought conditions, which could signal a good risk-reward ratio for a short position. My first target would be the lower Bollinger Band, with further downside potentially indicated by the MACD's momentum. As for entry, I'd prefer a retest of the wedge's underside as a bearish confirmation.
However, given that the market is not showing extreme conditions on the RSI and that the MACD's bearish momentum is not strongly pronounced, I would keep my positions moderate and employ tight stop losses. The neutral RSI suggests that there is no immediate rush to enter a position, so patience is key. I'd remain vigilant for any signs of a bullish reversal, such as a crossover of the MACD line above the signal line or an RSI push above 60, which might prompt a reevaluation of my stance. As with any trade, this plan would need to be flexible and responsive to the market's changing dynamics.
Still bullish Hello guys ,a new attractive idea on #AR currency
It’s a little risky so should be patient or trade with your plan
According to the waves analysis we can expect that price rise again to the green zone.
This is my personal opinion and is not an offer to buy or sell, please act according to your trading plan
follow me for more ideas
ARWEAVE ARUSDT Long Term I'm not a financial advisor, and the information I provide should not be considered as financial advice. Any decisions you make based on the information I give are your own responsibility. It's important to conduct your own research or consult with a qualified financial professional before making any financial decisions.
Arweave #AR Inverse head and shoulders Should give you a double.Pretty clean inverse head and shoulders
Arweave has already been a big winner for us
as we identified a falling wedge pattern which gave us massive opportunity for upside profit potential ..
This target may take a little longer to achieve
but early entry holders could easily be sitting on a 5-6X by then on their spot purchases!
$AR Trade with Support and Resistance in 1h TFI was watching this trade for some time and i was not very sure about it as i do not risk too much in my trades. But The volume and the breakout that happened got me into the trade right when the breakout happened.
Untill now the trade is doing very well. I have a TPR of 200% and i will close it without taking any further risk, as
ARUSDT
may pump even more.
Once this trade closes successfully i will share the PnL here as well.
#ARUSDT a new oportunity for enterancehey dear traders, my idea is that ARUSDT will have a small corraction on the way... you can have a short position on it, or you can buy more for langterm...
We have some orders on 30$ so i think we have some oportunity for buy there!
please make me happy with your ideas about this. thanks
AR (Arweave) / Bullish Ascending TriangleInside the bullish ascending triangle, liquidity was taken out with equal lows deviation. Subsequently, an impulse was obtained.
Expecting deviation from the top. Previously, three times the upper level of the formation was tested, so there is already a probability of consolidating above the upper level and reaching its target.
ARUSDTJust an idea for a short-term trade; buy in the zone if it plays out. I am also thinking we could drop to as low as $13.5 - $15.5 or carry on up! I think AR is probably going to form a long-term ascending triangle and revisit the highs before correcting, but this is pure speculation at this stage. Great project with great tokenomics; dangerous to fade IMO.
ARUSDTARUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?
Arweave (AR) is setting up for upto 20.50% pumpHi dear members , hope you are well and welcome to the new trade setup of Arweave (AR) coin with US Dollar pair.
Recently we caught almost 331% pump of AR as below:
Now on a 2-hr time frame, AR is completing the final leg of a bullish BAT move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
AR/USDT Potential back-test of the support area, Could Bounce ??💎AR has undoubtedly captured significant attention in the market. Presently, AR is positioned for a potential back-test of the support area, coinciding with the presence of the support trendline.
💎 Historical data indicates that AR has consistently exhibited a bouncing pattern when encountering the support zone. If this pattern holds once more, there is the potential for AR to break out of the resistance trendline and subsequently breach the key resistance level at 10.74.
💎 A successful breakout of these levels could probability facilitate an easier path for AR to reach our target zone, the bearish OB area.
💎 Conversely, if AR fails to maintain the support area due to a lack of rebound, this could signify a bearish momentum shift. In such a scenario, the price would likely continue its downward trajectory, eventually reaching the demand area, which was previously a supply zone, and thus creating an opportunity for a fresh upward momentum.
💎 It's important to note that should AR achieve a bounce at the demand area, the possibility of a price recovery is viable, potentially allowing for the reclamation of the price above the support. However, if AR fails to rebound at the demand level and instead breaks down below it, this would confirm a bearish movement, resulting in further downward price action.
AR/USDT Primed for a Bullish Advance from Demand Zone? 🚀 AR💎 Paradisers, prepare for a riveting trading experience with #ARUSDT, as it indicates a bullish push forward from its energetic demand zone.
💎 Observing the shift, the previous supply zone at $11.277 has now become a pivotal demand level. With the #Arweave gaining momentum here, there's a strong chance for an upward trajectory aimed at breaching the supply zone at $17.851, should the momentum be sustained.
💎 Should the enthusiasm for #AR begin to diminish, we're bracing for a potent rebound from the solid demand at $9.010. The Fair Value Gap (FVG) present at this level bolsters the bullish outlook. Coupled with the liquidity richness, a bullish jump from the Bullish OB is highly anticipated. Nonetheless, dropping below this key level might usher in a shift to a deeper bearish phase.