ARB/USD 4H Chart Analysis – Bullish Reversal Incoming?
Arbitrum (ARB) is showing signs of a potential bullish reversal, with price approaching key resistance levels. Here’s what traders should watch for:
🔥 Key Insights:
✅ Breakout Potential: ARB is testing a crucial horizontal resistance while staying above support.
✅ Major Moving Average (MA): Price is near the 0.3975 MA level, which could act as resistance or a breakout trigger.
✅ Key Targets (Take Profits):
🎯 TP1: $0.4245 – First resistance level.
🎯 TP2: $0.4642 – Strong resistance zone.
🎯 TP3: $0.5001 – Major psychological level.
✅ Support Holding: The $0.3593 zone has acted as strong support, preventing further downside.
📈 Trading Outlook:
A breakout above $0.40 with volume could send ARB toward $0.42-$0.50. If rejected, a retest of the $0.35-$0.36 area may follow before another push.
🚨 Bullish or Bearish?
Current momentum suggests bullish potential, but a confirmed breakout above $0.40 is key for upside continuation.
Arbitrum (ARB) is showing signs of a potential bullish reversal, with price approaching key resistance levels. Here’s what traders should watch for:
🔥 Key Insights:
✅ Breakout Potential: ARB is testing a crucial horizontal resistance while staying above support.
✅ Major Moving Average (MA): Price is near the 0.3975 MA level, which could act as resistance or a breakout trigger.
✅ Key Targets (Take Profits):
🎯 TP1: $0.4245 – First resistance level.
🎯 TP2: $0.4642 – Strong resistance zone.
🎯 TP3: $0.5001 – Major psychological level.
✅ Support Holding: The $0.3593 zone has acted as strong support, preventing further downside.
📈 Trading Outlook:
A breakout above $0.40 with volume could send ARB toward $0.42-$0.50. If rejected, a retest of the $0.35-$0.36 area may follow before another push.
🚨 Bullish or Bearish?
Current momentum suggests bullish potential, but a confirmed breakout above $0.40 is key for upside continuation.
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.