Technical analysis by muraatboyraz about Symbol AR on 12/19/2024

Labeling altcoins is a very difficult and arduous process. There are many factors that depend on it and need to be followed together. I tried to interpret the positive scenario that could be the continuation of the rise as much as I could. After a period of approximately 2 weeks, the price is currently moving around Fib %61.8 on a logarithmic scale. For this scenario to continue, the market needs to receive reactions led by Bitcoin to take a breath. I do not think that this count will progress healthily if the decline of the fixed assets continues. The correction movement is around Fib 0.618 and W=Y levels. There are a few more counts that will be alternatives to the correction, but they all come to almost the same thing. What is important for us is to see significant reactions from these levels now. I will update the parity in cases where the reactions we want come or the opposite occurs.