Keep a close eye on#ARBUSDTas it shows strong bullish continuation indicators after breaking out of the demand zone. Our rigorous analysis of price action shows that $ARBITRUM has the potential to break descending resistance. If it does this successfully and the EMA maintains its momentum above 100, we expect a strong rally targeting the next supply area. The rise is expected to begin once the price crosses the supply area and maintains its momentum. However, it is critical to be prepared for other possibilities: If ARB fails to break through descending resistance and begins to decline, we could see a bullish reversal from a lower support zone. However, if it falls below this zone, the bullish view may be invalidated and price declines may continue. YTD #ArbâŹâ© #arbirtum #BinanceHerYerde $ARB
Watch#ARBUSDTas it breaks over falling barrier and shows clear signs of a bullish continuation from the demand zone. According to our careful examination of the price movement, $ARBITRUM is about to overcome downward resistance. If it is able to accomplish this and maintain its momentum above the EMA 100, we expect a strong bullish advance that will aim for the next supply region. As soon as the price breaks through the supply zone and keeps moving higher, the bullish ride should begin. But it's important to be ready for alternative scenarios as well. For example, if ARB breaks below the descending resistance and begins to decline, a bullish recovery from a lower support zone may occur. However, a decline below this range may counteract the positive perspective and possibly result in additional price declines.
It is not investment advice.
