#ARUSDT Hits 1:2 Profit Target Following July 13 Analysis
$AR
Analysis from July 13 has successfully reached the 1:2 profit target, demonstrating the power of technical chart patterns in predicting price movements.
Technical Analysis Recap
On July 13, we identified an ascending triangle pattern on the AR/USDT chart, a bullish continuation pattern suggesting an uptrend. Key support was at $23.50, and resistance was at $28.00.
Key Observations
Ascending Triangle Pattern:
Support Level: Around $23.50Resistance Level: Around $28.00
Volume Analysis: Increased volume supported the bullish sentiment.
VWAP: Price traded above the VWAP, indicating sustained buying pressure.
Price Action Confirmation
AR/USDT broke above the $28.00 resistance and reached around $28.11, achieving our 1:2 profit target.
Achieving the Target Profit
Entry Point: Around $23.50
Target Profit Level: Approximately $28.00
The recent price movement confirmed our analysis.
Conclusion
Our July 13 analysis of AR/USDT has reached its target, highlighting the value of technical analysis. Congratulations to everyone who achieved their profit targets.
