ARB/USDT Technical Analysis And will it hit $10 in BullRun?
#Arbitrum Chart Analysis:
Waiting for a breakout for a significant move
Upside Breakout: If #ARB breaks $1.44 and sustains above this channel, a substantial upward rally is possible.
Downside Breakout: If #ARB breaks below $1.10, a potential downside target of $0.5 can be anticipated. This could present a favorable accumulation opportunity.
Exercise patience and wait for the breakout; avoid trading based on speculation.
Bullish on ARB in the long run; potential for $10+ during the next bull run.
Note: This analysis represents my personal view and is not financial advice. Conduct your own research before investing in any coins.
Thank you.
- Current price: $1.21
- Range trading since launch
- Price range: $1.10-$1.43 over the past 72 days
- Experienced a bull trap at $1.70, but returned to the same parallel channel shortly after
Waiting for a breakout for a significant move
Upside Breakout: If #ARB breaks $1.44 and sustains above this channel, a substantial upward rally is possible.
Downside Breakout: If #ARB breaks below $1.10, a potential downside target of $0.5 can be anticipated. This could present a favorable accumulation opportunity.
Exercise patience and wait for the breakout; avoid trading based on speculation.
Bullish on ARB in the long run; potential for $10+ during the next bull run.
Note: This analysis represents my personal view and is not financial advice. Conduct your own research before investing in any coins.
Thank you.
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