📅 Timeframe: 1D
💰 Current Price: $0.3559 (+5.33%)
📊 Volume Spike: 389.18M
ARB is currently testing a descending trendline resistance that's been respected since mid-May. Price action has formed a base around the $0.35 level and is now showing signs of strength with a recent bullish candle.
📈 Key Levels:
Resistance to Watch: $0.37 - $0.38 (trendline + horizontal level)
Breakout Target: $0.45 - $0.55 zone if the breakout is confirmed
Support: $0.33 - $0.34 range
🧠 Bullish Scenario:
If ARB can break and close above the trendline with volume, a potential retest and continuation move could take price towards the $0.45-$0.55 area.
🛑 Invalidation:
A daily close below $0.33 may signal weakness and delay the bullish breakout.
📌 Watch for:
Break and retest confirmation
Volume confirmation on breakout
RSI and momentum support
📉 Not financial advice. Always do your own research. #ARB #Crypto #Breakout #TechnicalAnalysis #Altcoins #TradingView
💰 Current Price: $0.3559 (+5.33%)
📊 Volume Spike: 389.18M
ARB is currently testing a descending trendline resistance that's been respected since mid-May. Price action has formed a base around the $0.35 level and is now showing signs of strength with a recent bullish candle.
📈 Key Levels:
Resistance to Watch: $0.37 - $0.38 (trendline + horizontal level)
Breakout Target: $0.45 - $0.55 zone if the breakout is confirmed
Support: $0.33 - $0.34 range
🧠 Bullish Scenario:
If ARB can break and close above the trendline with volume, a potential retest and continuation move could take price towards the $0.45-$0.55 area.
🛑 Invalidation:
A daily close below $0.33 may signal weakness and delay the bullish breakout.
📌 Watch for:
Break and retest confirmation
Volume confirmation on breakout
RSI and momentum support
📉 Not financial advice. Always do your own research. #ARB #Crypto #Breakout #TechnicalAnalysis #Altcoins #TradingView
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.
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.