📌AR/USDT ANALYSIS 📌
The price is moving in a descending channel on the 4-hour frame and is holding it tightly and is about to break out to the upside
We have a bounce from the lower limit of the channel at 17.70
We have a bearish trend for the RSI that is about to break out, which supports the upside
ARUSDT is showing signs of bullish potential, with some analysts predicting a major breakout. The price is moving in a descending channel on the 4-hour frame and is holding it tightly, with a potential bounce from the lower limit of the channel at 17.70.
Key Highlights:
- Bullish Trend: AR's price is breaking the falling wedge resistance on the daily chart after 200 days of formation and is about to cross above the 100 EMA.
- Target Prices: Some analysts predict targets of $36 ², $49.52 ², or even as high as $68.
- Support Levels: The current support range is between $18.00 and $20.00, creating a favorable opportunity for a long trade.
Trade Setup:
- Entry: In the current $18.00 - $20.00 area of support.
- Take Profit: First target: $24.00 - $26.50, Second target: $32.00 - $35.00.
- Stop Loss: Around $16.00.
Keep in mind that market conditions change rapidly, and it's essential to stay updated and adjust your strategies accordingly. Always consider risk management and proper trading strategies.
