📅 Timeframe: 1D
💰 Current Price: $0.3559 (+5.33%)
📊 Volume Spike: 389.18M
ARB is currently testing a descending trendline resistance that's been respected since mid-May. Price action has formed a base around the $0.35 level and is now showing signs of strength with a recent bullish candle.
📈 Key Levels:
Resistance to Watch: $0.37 - $0.38 (trendline + horizontal level)
Breakout Target: $0.45 - $0.55 zone if the breakout is confirmed
Support: $0.33 - $0.34 range
🧠 Bullish Scenario:
If ARB can break and close above the trendline with volume, a potential retest and continuation move could take price towards the $0.45-$0.55 area.
🛑 Invalidation:
A daily close below $0.33 may signal weakness and delay the bullish breakout.
📌 Watch for:
Break and retest confirmation
Volume confirmation on breakout
RSI and momentum support
📉 Not financial advice. Always do your own research. #ARB #Crypto #Breakout #TechnicalAnalysis #Altcoins #TradingView
💰 Current Price: $0.3559 (+5.33%)
📊 Volume Spike: 389.18M
ARB is currently testing a descending trendline resistance that's been respected since mid-May. Price action has formed a base around the $0.35 level and is now showing signs of strength with a recent bullish candle.
📈 Key Levels:
Resistance to Watch: $0.37 - $0.38 (trendline + horizontal level)
Breakout Target: $0.45 - $0.55 zone if the breakout is confirmed
Support: $0.33 - $0.34 range
🧠 Bullish Scenario:
If ARB can break and close above the trendline with volume, a potential retest and continuation move could take price towards the $0.45-$0.55 area.
🛑 Invalidation:
A daily close below $0.33 may signal weakness and delay the bullish breakout.
📌 Watch for:
Break and retest confirmation
Volume confirmation on breakout
RSI and momentum support
📉 Not financial advice. Always do your own research. #ARB #Crypto #Breakout #TechnicalAnalysis #Altcoins #TradingView
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