FxWirePro- ARUSD (Chart of the day)

Arweave is a new type of storage that backs data with sustainable and perpetual endowments, allowing users and developers to truly store data forever.

Features-

Transactions per second 1000

Block time- 2 min

ARUSD performed well in the past four days

Any daily close above $3.02 confirms further bullishness.

ARUSD gained more than 100% in the past four days.  The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $3.18 and is currently trading around $3.15.

The bullish invalidation can happen if the pair closes below $12. On the lower side, the near-term support is $20. Any break below targets $15/$12.

The immediate resistance stands at around $32. Any breach above confirms bullish continuation. A jump to $42/$50  is possible. A surge past $50 will take it to $55/$70.

It is good to buy on dips around $18 with SL around $14 for TP of $32.