ARUSDT trade ideas
AR/USD - Bullish falling wedge, can price break out?Arweave has formed a large falling wedge (in blue), a bullish formation.
This 3-day timeframe shows RSI already reached the oversold area and a bounce is in order. The issue is that resistance is not far away at just under $19.
Should AR move above $19, then a break above this wedge becomes likely.
Price could also escape this formation by simply moving sideways and forming a prolonged bottom depending on the market conditions.
Bias is somewhat bullish, but I am not convinced price can leave this formation just yet.
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ARUSDT long - $16.45 to $17.80ARUSDT - Binance
Arweave
Long : 5x/10x
Enter : $16.45
Stop loss : $15.70
Target 1 : $16.82
Target 2 : $17.20
Target 3 : $17.50
Target 4 : $17.80
Target risk : $18
Support levels seem to be stronger than the Resistances BTC will provide bullish trends
up to atleast around $32 000 so that assure me of AR going LONG breaking even up to $18.
🆓Arweave (AR) May-17 #AR $AR
The buying power of AR has gradually increased again after conquering the $14 zone, we can start accumulating AR around this $14 zone and wait for another rally to the $19 zone, this is a very strong resistance area. strength that we need to pay attention to
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 14$ zone
🔴Buy : 15 - 14
🔴Sell : 17 - 19 - 22
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 14$ zone
🔵Sell : 14
🔵Buy : 12 - 10
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
AR - Scalp short. Follow it before it's too late!We can take short either on breaking two levels that are lower or when price makes false breakout of local high. Be aware about btc strip.
⭐️ BTC bearish
⭐️ Trend is bearish
⭐️ Volume at top
⭐️ Good levels nearby
⭐️ Doing last pullback to kill bears
⭐️ 161 ATR
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
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.
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.
