ARB/USDT A Bullish Breakout on the Horizon? 👀 🚀

4 Kas 2023

💎 Paradisers, ARBUSDT is on the cusp of a significant move, flirting with a resistance breakout that could pave the way for a bullish trajectory.

💎 Our observations have consistently shown Arbitrum adherence to a descending trendline, which it has now surpassed, indicating a bullish trend. Currently, it's challenging a resistance level at 1.0888, and a successful breach could lead to a surge towards higher resistance zones. The price's position above the EMA55 further bolsters the potential for an upward push.

💎 However, should ARBUSDT face a strong rejection at the 1.0888 mark, we might see it retreat to a support level at 0.8798 for a bullish resurgence.

💎 On the flip side, slipping below this support level could trigger a notable downtrend. Stay vigilant and ready to capitalize on the forthcoming market movements.