Arbritrum has been doing so, so... It has been consolidating since May with no real action, nothing of interest.
The 3-down pattern though can signal that the consolidation/correction is coming to an end. This pattern repeats over and over as bottoms form.
Another positive is that the current price trades above the 3-April low.
The negative is that EMA50 is still working as resistance but that's the last resistance before strong growth can take place.
If you are a bull and looking for higher prices, we are getting closer to what you are looking for... Let me make it simple, the wait is over.
Namaste.
The 3-down pattern though can signal that the consolidation/correction is coming to an end. This pattern repeats over and over as bottoms form.
Another positive is that the current price trades above the 3-April low.
The negative is that EMA50 is still working as resistance but that's the last resistance before strong growth can take place.
If you are a bull and looking for higher prices, we are getting closer to what you are looking for... Let me make it simple, the wait is over.
Namaste.
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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.