Arbitrum / Tether
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Arbitrum (ARB)

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Arbitrum a highly anticipated project, is an Ethereum layer-two scaling solution that uses optimistic roll-ups to achieve its goal of improving speed, scalability, and cost-efficiency. There are not enough candles to see the big picture. But the short-term view is that there is a descending channel, and if ARB breaks it upward, an impulse wave can be expected. Let's see what happens.
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So, as it turned out, the ARB correction pattern was a descending triangle, which ARB broke upward.
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ARB is slowly going up.
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So, ARB went up pretty well and broke the ATH too. Then correction started and ARB came down, probably to gain momentum. Also, it seems a harmonic pattern is formed too. Recently, ARB broke the downtrend line, which is also the harmonic pattern's right wing; the next upward wave's target is the horizontal resistance area. Let's see what happens.
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So, ARB's correction went down much further. Recently, ARB broke the downtrend line and is going up toward the horizontal resistance area. Let's see what happens.
トレード稼働中
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So, it seems ARB has made a big inverted wedge pattern. Let's see if ARB can reach the upper line or not.
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So, as it turned out, ARB is moving in a descending channel. Recently, ARB bounced from the bottom and broke the downtrend line. Let's see what happens.

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