Arb looks like it has bottom both on the short term chart and the long term chart (will post that next).
We saw a double bottom form in price between $0.73-$0.74. The second bounce was so strong it created a bullish divergence right off oversold conditions on the 4H timeframe. We saw a similar low in price action followed by a higher low on the RSI.
Our first target would be whenever we test our white trendline (could act as new resistance since it was our old support level). The second target would be the yellow line from a separate trendline.
Once those levels are broken we will see a move to our upper white trendline that would lead us somewhere between $2.50-$3 depending on when we breakout.
We saw a double bottom form in price between $0.73-$0.74. The second bounce was so strong it created a bullish divergence right off oversold conditions on the 4H timeframe. We saw a similar low in price action followed by a higher low on the RSI.
Our first target would be whenever we test our white trendline (could act as new resistance since it was our old support level). The second target would be the yellow line from a separate trendline.
Once those levels are broken we will see a move to our upper white trendline that would lead us somewhere between $2.50-$3 depending on when we breakout.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.