Arbitrum / USDT
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#ARB/USDT

215
#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.
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#ARB
Target 1: 0.2017 Reached

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.