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$ARB : Arbitrum 💰🚨 1. ARB has fully retraced its entire uptrend and returned under $1 for a moment. We are now stabilizing above $1 which should prove to be a good high timeframe retracement. Price flushed as we broke down from the $1.40 level. This was a pretty quick breakdown. 2. It's formed a small channel as it bounced from $1 this past week. It also has a trendline ahead of it within the range it formed. 3. For a long position, look for ARB to breakout from the trendline thats ahead and cross the recent highs at $1.16.Good targets here are $1.21 and $1.28 4. For a short position, look for ARB to start drifting below $1 again. If this develops, good targets are $0.95 and the wick low around $0.86. #MicroStrategy #altcoins #ETHETFS #BlackRock

$ARB : Arbitrum 💰🚨

1. ARB has fully retraced its entire uptrend and returned under $1 for a moment. We are now stabilizing above $1 which should prove to be a good high timeframe retracement.

Price flushed as we broke down from the $1.40 level. This was a pretty quick breakdown.

2. It's formed a small channel as it bounced from $1 this past week. It also has a trendline ahead of it within the range it formed.

3. For a long position, look for ARB to breakout from the trendline thats ahead and cross the recent highs at $1.16.Good targets here are $1.21 and $1.28

4. For a short position, look for ARB to start drifting below $1 again. If this develops, good targets are $0.95 and the wick low around $0.86.

#MicroStrategy #altcoins #ETHETFS #BlackRock

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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$ARB : Analysis + Signal 🚨 1. ARB has fully retraced its entire uptrend and returned under $1 for a moment. Price flushed as we broke down from the $1.40 level. This was a pretty quick breakdown. 2. With the downtrend pushing down on the $1 level, it seems like we are forming a descending triangle, which looks more ready for a breakdown. This either forms a nicer range, or this pattern is validated. 3. For a long position, look for ARB to breakout from the trendline that's ahead and cross the monthly open at $1.0227. Good targets here are $1.08 and $1.15. 4. For a short position, look for ARB to continue accepting below $1. If this develops, good targets are $0.92 and the wick low around $0.86. #signaladvisor #signalsfutures #ETHETFS #btc70k #altcoins
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