#ARB
The price is moving within a descending channel on the hourly timeframe. It has reached the upper boundary and is trending downwards, with a retest of this boundary expected.
The Relative Strength Index (RSI) is showing an upward trend, approaching the upper boundary, and a downward reversal is anticipated.
There is a key resistance zone (in green) at 0.2250, and the price has bounced from this zone several times. Another bounce is expected.
The price is showing a consolidation pattern above the 100-period moving average, which we are approaching, supporting the possibility of a downward move towards it.
Entry Price: 0.2120
Target 1: 0.2017
Target 2: 0.1963
Target 3: 0.1887
Stop Loss: Above the green resistance zone.
Don't forget one simple thing: Money Management.
For inquiries, please leave a comment.
Thank you.
The price is moving within a descending channel on the hourly timeframe. It has reached the upper boundary and is trending downwards, with a retest of this boundary expected.
The Relative Strength Index (RSI) is showing an upward trend, approaching the upper boundary, and a downward reversal is anticipated.
There is a key resistance zone (in green) at 0.2250, and the price has bounced from this zone several times. Another bounce is expected.
The price is showing a consolidation pattern above the 100-period moving average, which we are approaching, supporting the possibility of a downward move towards it.
Entry Price: 0.2120
Target 1: 0.2017
Target 2: 0.1963
Target 3: 0.1887
Stop Loss: Above the green resistance zone.
Don't forget one simple thing: Money Management.
For inquiries, please leave a comment.
Thank you.
Trade closed manually
#ARBTarget 1: 0.2017 Reached
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📍Trade Smart & Stay Protected⭐️
Join Our Telegram Channel Signals Futures and Spot Free
👉 t.me/+WN4RexVn8DM2MTlk
📌 We're open to Promotions, Ads & Partnerships
Join Our Telegram Channel Signals Futures and Spot Free
👉 t.me/+WN4RexVn8DM2MTlk
📌 We're open to Promotions, Ads & Partnerships
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.