Enter after failure and stabilizationARB currency has reached its downward trend line, so there is a possibility of a drop. This drop can be to the bottom of the channel, but before entering this position, it must break the support limits.
On the other hand, according to the formation of the head and shoulder pattern, there is a possibility of a growth of up to 36% for this currency, but before entering the long position, we must observe the stabilization in it, which means breaking the previous peak and exiting the channel.
In this case, we can have a secure entry.
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Arbusdtlong
ARBUSDT - Expecting Massive Up move!!ARBUSDT (4h Chart) Technical analysis
ARBUSDT (4h Chart) Currently trading at $1.045
Buy level: Above $1.04
Stop loss: Below $0.96
TP1: $1.1
TP2: $1.15
TP3: $1.2
TP4: $1.28
Max Leverage 3x
Always keep Stop loss
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ARBUSDT may head for weekly resistance at 1.34-1.36Here are the supports and resistances marked on the chart for this pair. The price is trading between weekly support WS1 and weekly resistance WR1. And recently the price was pushed down by daily resistance DR1 and found support from 4h support 4HS1 and both of these resistance and support are between WS1 and WR1. From the direction point of view, it seems the price wants to retest the daily resistance again. And it is likely to break that this time in order to move further to weekly resistance WR1. But lets watch how the price reacts when it reaches daily resistance again.
ARBUSDT Long Setup!!ARBUSDT (4h Chart) Technical analysis
ARBUSDT (4h Chart) Currently trading at $1.24
Buy level: Above $1.23
Stop loss: Below $1.145
TP1: $1.33
TP2: $1.4
TP3: $1.5
TP4: $1.6
Max Leverage 3x
Always keep Stop loss
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ARBUSDT at resistance againThe price got rejected from the 4h resistance area and landed on the 1h support zone. That produced a good bounce and led the price to reach the 4h resistance zone again. It is possible that this time the price will break this resistance and head to the up side. But lets monitor it and if it does so, a long would be favorable after the break of this resistance.