ARB has formed a clear double bottom pattern on the daily chart, signaling a strong reversal structure. After multiple rejections, the price has now broken above the neckline resistance, confirming bullish momentum.
The breakout is also supported by increasing volume and a bullish crossover of the 100 and 200 EMA zones. If the current momentum holds, ARB could reach the target of $0.75- $1.20 level.
The breakout is also supported by increasing volume and a bullish crossover of the 100 and 200 EMA zones. If the current momentum holds, ARB could reach the target of $0.75- $1.20 level.
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🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.