$AR analysis: Bullish fight or double top fright?

C

cryptoalerts

Member
$AR analysis: Bullish fight or double top fright?

Daily chart hints at an inverted H&S & breakout above $44 for a run to $100!
BUT, weekly warns of a double top & possible drop to $30.
This week is CRITICAL! Can bulls break $44 & hold $50? #AR #Cryptocurrency #PriceAnalysis
coinpedia.org

Contrasting AR Price Patterns Warns Sharper Moves Ahead!

With the altcoins awaiting a boost in a bullish trend, the underlying shift in sentiments results in interesting price patterns. The AR price action shows
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R

randstad35

Member
The daily chart hints at an inverted H&S breakout above $44 for a run to $100! BUT, weekly warns of a double top and a possible drop to $30.
  • A double top is a bearish technical reversal pattern.
  • It is not always easy to spot because there needs to be a confirmation with a break below support.
  • While a double top is a bearish signal, a double bottom is a bullish signal.
  • Top tops usually have an upswing, initial peak, trough, second peak, and neckline.
  • Investors can short trade after the break or place small trades, as double tops may have limited profit potential.
  • work from home.
 
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