Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Arweave (ARUSDT).
The chart is self-explanatory. The current price is in a bearish pennant with the RSI in the oversold region. The price may have the ability to go up with a potential for a fake out. The measured move of the bearish pennant is almost at the Danger Zone (multi-month) support line. If price moves up, keep an eye on the resistance areas as well as the Ichimoku Cloud resistance.
Included in the chart: Trend line, Support and Resistance Lines, RSI , Bearish Pennant, Ichimoku Cloud, Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have a bunch of additional recent charts below on cryptocurrencies to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk