ARB/USDT Daily Chart AnalysisLet’s dive into what’s cooking with ARB. The chart is forming a Falling Wedge Pattern, which is a textbook bullish continuation signal. Here’s my breakdown:
What I’m Seeing:
1️⃣ Falling Wedge: The price has been bouncing between the resistance and support lines, and it’s nearing a decision point. A breakout above the wedge could be HUGE! 📈
2️⃣ Key Levels:
Support: The $0.65 zone (yellow area) is holding strong for now. If this level holds, we could see some serious upward action. 👀
Resistance: First, we’ve got to break through $0.85 (red zone), and then the real test will be around $1.16. That’s the big boy resistance. 💪
3️⃣ Targets:
TP1: $1.0183 – A solid first target once the breakout is confirmed.
TP2: $1.16 – The ultimate goal if momentum stays strong. 🚀
The Plan:
📌 If ARB breaks above the wedge and retests around $0.75-$0.80, I’ll be looking for an entry. Volume confirmation is 🔑 here, so keep an eye on that.
🎯 My stops would be tight, just below $0.61 to manage risk. The R:R on this setup is juicy if it plays out.
Bearish Case:
❗️ If $0.61 breaks, the next strong support is all the way down at $0.45 (green zone). That could mean more consolidation before the next leg up.
Final Thoughts:
This setup has some great potential, but patience is key. Watch for that breakout above the wedge and don’t chase—wait for confirmation. Let me know your thoughts in the comments! Are you bullish on ARB, or do you see something different? 🤔💬
Let’s see how this plays out. LFG! 🚀🔥
#Crypto #ARB #ChartAnalysis #Trading
