Hi friends,
In today's analysis, we pay attention to ARB in the Daily time frame.
We have a key resistance level in weekly and daily timeframes at the price level of $0.826.
As you can see, it is already priced in and has lost about 77% of its value from its local top.
We have a downtrend daily and 4-Hour Channel as marked on the chart. Also, volume is increasing, and it's a good sign.
We have an entry level for long positions after channel breaking from the upper side at the price of $0.3944.
Also, we can have our alarms on the price level of $0.5, which is good for spot entry.
In today's analysis, we pay attention to ARB in the Daily time frame.
We have a key resistance level in weekly and daily timeframes at the price level of $0.826.
As you can see, it is already priced in and has lost about 77% of its value from its local top.
We have a downtrend daily and 4-Hour Channel as marked on the chart. Also, volume is increasing, and it's a good sign.
We have an entry level for long positions after channel breaking from the upper side at the price of $0.3944.
Also, we can have our alarms on the price level of $0.5, which is good for spot entry.
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.
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.