ARB / TetherUSUpdated Choose your pattern
ARB fell out of the ascending channel and formed a descending triangle. Usually such a pattern indicates a probable continuation of the trend (in this case downward), but given the oversold condition, we may see a rebound and a return to the channel with targets at 0.72-0.74 in November, with the possibility of going higher.
In this case ARB is highly dependent on ETH dynamics. Taking into account the fundamental factors, ETH/BTC is not behaving in the best way lately, but BTC's ATH may be game changer.
In this case ARB is highly dependent on ETH dynamics. Taking into account the fundamental factors, ETH/BTC is not behaving in the best way lately, but BTC's ATH may be game changer.
Note
trade active, ARB comes back to channel
pass to 0.72 open with potential to see 0.5 fib lvl with resistance at 0.82-0.85
Trade active
huge move after descending triangle breakout.
$0.72 and $0.85 short-term.
after 2nd wave $1.2+
Trade closed: target reached
jewelry work and price action
congrats to all, who accumulate postition at the bottom
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