ARB Technical Analysis in a 3-Day Timeframe

9 Eyl

Hello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

ARB recently reached a new all-time low of $0.4287. The current price of $0.5125 is holding at a support line and is likely to break out above the resistance trendline and the 21 EMA.

Once the price breaks above the resistance level, it will need to remain above it until the 3-day candle closes to stay on a bullish track.

The RSI is showing a bullish divergence, indicating a potential bullish move for ARB. All it needs is a breakout and a close above the resistance level.

Key levels:

- Primary Support/Entry: $0.5.
- Lower Support/Accumulation: $0.3718 to $0.4287.
- Resistance: $0.54-$0.61.
- Target: $2.425.

DYOR, NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE