The AR price has rushed all the way to the price of 27.27 US dollars, and now it has fallen back to around 23 US dollars. The price of 23 US dollars is almost the range where the price fluctuated for the longest time when I held AR 2 years ago. From a technical point of view, 23 can be regarded as This is a watershed moment for AR’s future market. If the weekly price can reach this level, then the price of $40 is just a matter of time. If not, the effects of this wave of hot hype will disappear quickly, and we may fall into a long-term in the midst of shock;
As can be seen from the figure below, the current weekly rebound trend of AR is generally within an expanding wedge. This structure is characterized by sharp rises and slow falls. However, as long as the price K-line is still within the wedge, it is overall bullish. However, if it falls below the wedge, The price will often return to the starting point of the wedge, which is below $10. This requires looking at the specific performance of the price of $23 in the future.
What needs to be reminded is that because AR has a small market value and is favored by big funds (early investment is A16Z), its price often fluctuates hugely, rising and falling very crazy, so it is recommended that you trade Never bring a lever with you when using AR. Even if you pick it up off the shelf, it is very comfortable.
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