ARBUSDT TA 🚀🔥 The daily chart of $ARB has formed a falli | The Buzzing Bee on Binance Square

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ARBUSDT TA 🚀🔥
The daily chart of $ARB  has formed a falling wedge pattern
This technical formation hints at a potential bullish reversal move near support zone
A breakout could unleash a massive wave higher

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💥 The resistance level of $23.60 - $22.850 in the daily time frame is a very important supply area, and the $LINK 🔹 price has fallen by more than 40% every time from this level . Price has reached it's support zone of $11.83 - $12.5, this support zone is holding strong and we can expect the price to bounce back from this support zone, if this support zone fails to hold then next support is around 9$ range .

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💥💥 Arbitrum has broken the ascending channel in the daily time frame. $ARB price has dropped to the very important demand level of $0.7350-$0.7850. As you see in the chart, the price supported from this area before very well, and it grew more than 150%, so there is a possibility of support again. Bearish candles are still strong, and if the price reaches below the current level, it means that the decline will continue and the possibility of the price moving towards the last available support, the $0.5000-$0.5300 area, will increase.

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🔥 An ascending channel has formed in the daily time frame in the $OCEAN price chart. Recently, the price has completed an ascending harmonic pattern, and the price has reached the bottom of the ascending channel, then reacted to it. If the price is still supported by the bottom of the channel, the price will grow according to the pattern and will reach the top of the channel after breaking the dynamic resistance. Break under the channel could indicate a weakening of the trend, leading to a bullish invalidation and potentially significant price declines.

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💥 The price of $PEOPLE easily crossed the support level of $0.09700 - $0.10050. Now, this level has become a resistance. After breaking the support, the price is now retesting that area. If the market trend continues downward in the coming week, the next target, which is the $0.04400 area, can be easily reached. Trend is bearish in the 4 hour time frame, but it's still bullish in the higher time frame. If the price is maintained above $0.07400, the price will be returned to the previous top.

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