TECHNICAL ANALYSIS $AR 12-JUL
The general daily trend of NYSE:AR is bearish.
The price has broken the hard support demand line since March 2024.
H4 is in a recovery wave but not significantly, likely to rebound to the $30 zone (daily zone) then continue to decline.
CRYPTOCAP:BTC is also collapsing and wants to collapse, so the Altcoin crowd is also following.
Please stay outside to be safe. Wait for things to become clearer before deciding.
ARUSDT
ARUSDT: Inverse Head & Shoulders in Play!💎 Paradisers, after taking the liquidity sweep, #ARUSDT has shown an Internal Change of Character (I-CHoCH) and Internal Break of Structure (I-BOS), followed by forming an inverse head and shoulders pattern.
💎 The price has also shown inducement. If it moves from here and closes a candle above the resistance zone, this will increase the probability of a bullish move.
💎 In the case of a pullback, we can expect a bounce from the demand zone.
💎 However, remember that if the price closes a candle below the demand and right shoulders, it will invalidate the entire pattern. In such a scenario, it would be prudent to reassess and wait for more favorable price action.
MyCryptoParadise
iFeel the success🌴
ARUSDT: Get ready for a potential bullish surge🚀💎 Paradisers, #AR has taken the liquidity of traders who acted on the M-pattern breakdown, but now that the price has shown a Change of Character (CHoCH) and formed an inverse head and shoulders pattern, we can anticipate a bullish move.
💎 If the price breaks above the resistance level, we can target the next resistance levels.
💎 In the event of a pullback, we can expect a bounce from the small support level.
💎 However, if the price breaks down below the small support, it will invalidate the bullish structure. In that case, it would be better to ignore it and wait for better price action to develop.