The daily chart for ARB/USD hints at a potential bullish breakout. After testing strong support levels near $0.68-$0.70, the structure suggests a reversal pattern with upside potential toward the $2 mark.
Key observations:
RSI is recovering from oversold territory, signaling bullish momentum.
Critical resistance at $0.7756 could trigger a breakout.
Projection aligns with previous highs, targeting $2 in the medium term.
Is this the beginning of a significant recovery for Arbitrum? Watch closely and share your insights!
Key observations:
RSI is recovering from oversold territory, signaling bullish momentum.
Critical resistance at $0.7756 could trigger a breakout.
Projection aligns with previous highs, targeting $2 in the medium term.
Is this the beginning of a significant recovery for Arbitrum? Watch closely and share your insights!
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.