ARBUSDT ( TRADING BELLOW TURNING LEVEL ) ( 4H )
Updated
ARBUSDT
HELLO TRADERS
The current price is trading below turning level at 0.59. Consolidation and holding below this level would provide strong support for a price decline towards the support level (1) of 0.51. However, if the price breaking and a four-hour candle closes above this level, it may lead to a rising towards resistance level (1) .
TARGET LEVEL :
Turning level at 0.59 , Time Frame ( 4H ) .
HELLO TRADERS
The current price is trading below turning level at 0.59. Consolidation and holding below this level would provide strong support for a price decline towards the support level (1) of 0.51. However, if the price breaking and a four-hour candle closes above this level, it may lead to a rising towards resistance level (1) .
- Downward Zone: As long as the price stays below the turning level at 0.59 , ARBUSDT is likely to dropping towards support level (1) at 0.51 . If a 4-hour candle closes below this level , it could push further to 0.42 , then 0.42 .
- Upward Zone: by breaking turning level around 0.59 , it suggests a increase towards resistance level (1) at 0.67 , confirming a upward trend. If the price stabilizes or stays above this level, there is a strong likelihood of reaching the resistance level (2) around 0.73 or possibly even rising .
- CORRECTIVE : currently price it will be attempt to retest to reach a turning level at
- 0.59 before dropping .
TARGET LEVEL :
- RESISTANCE LEVEL : 0.67 , 0.73 , 0.82 .
- SUPPORT LEVEL : 0.51 , 0.47 , 0.42 .
Turning level at 0.59 , Time Frame ( 4H ) .
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