Arweave Cup & Handle Bullish Breakout (+Targets)

2022年7月3日

We have the same pattern also for Arweave (ARBTC) but we will look at it in the C&H way.

We have the cup and handle pattern with a bullish breakout.

The day that ARBTC went above EMA50 is also the second highest volume day for this pair on this chart.
Signaling buyers pressure (strength).

• When a pair is trading above EMA10 we say the short-term potential favors the bulls;
  
• Above EMA50, we say the doors are open for strong growth.
  
• Above EMA200, there can be any type of bullish action, fast, slow, strong but always green...
  

Additional details on the chart.

Namaste.