After being listed at $ARB #Binance , it wicked to the 1.6 level in the first 4s and closed the candle at the 1.32 level. Continuing its rise without slowing down, we saw the price move to the level of 1.82, and this price remained permanent at that time as the highest level of all time. After this level, successive lock openings took place and it hit the falling trend from the ATH level and retreated to around 0.70. People who invested at the ATH level suffered a loss of approximately 60%. It made its first bottom in the #Arb 0.70 theme. Then it rose to around 0.99. Yes, exactly at these levels, the double bottom "W" formation was forming. And if you remember, we were looking for falling trends and double bottoms in reversal formations. Anyway, it made a decrease of approximately 30% from around 0.99 to around 0.70 again and reached the second bottom. Yes, has the double bottom "W" formation formed now? Receiving its reaction from the second bottom contact, it continued to rise for days, broke its falling trend, then made a retest and continued its rise, reaching the level of 2.42 and renewing ATH. This rise means a 220% profit rate for the investor who buys from the 2nd bottom and holds it until the 2.42 level. Then, with the lock openings etc., a falling trend started to form, and now there is a falling trend that may occur with the 2nd contact, which has not been confirmed yet, and the price is currently at the level of 0.79, and this is a very important support level, close to the level where the double bottom formation that we constantly mentioned before occurs. As long as it does not close the 2g candle under the 0.73 support zone, I hope it will try the TP zones again, as long as it maintains its permanence from this support zone, first rises breathlessly to the falling trend, makes contact and breaks its confirmation.
#ArbitrumARB #Arbitrum #ARBİTRUM
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