Long

ARBIUSD Breaks $0.70 Resistance – Next Stop $1.19?

ARBIUSD is exhibiting strong bullish momentum, characterized by higher highs and higher lows. A recent Change of Character (CHoCH) confirms the shift to an uptrend, as the price has broken the previous resistance at $0.70 and is now trading above the EMA Ribbon, which aligns with the bullish movement.

The price may retrace to $0.70, a key level within the 50%-61.8% Fibonacci retracement of the latest impulse. This area presents an ideal entry point for buyers, as it aligns with the bullish EMA Ribbon acting as dynamic support.

If the bullish trend continues, and the price rebounds above the EMA Ribbon or from the $0.70 level, the next significant target is projected at $1.19. This level represents the next resistance zone, marking a potential upside continuation.

The TSI indicator supports the bullish outlook, showing a previous bullish divergence followed by a breakout above the zero level and its moving average, signaling upward momentum. Furthermore, the Signal Builder has recently confirmed bullish signals in alignment with these factors.

👨🏻‍💻💭 Are you taking advantage of this bullish breakout? Share your thoughts below!
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