Rick_SimpleSwap

ARB/USDT Trading Scenario

BINANCE:ARBUSDT   ARB / TetherUS
We are considering a scenario of price movement for ARB.

Currently, the asset is within a price range that attracts active market participants' interest. This interest is confirmed by the analysis of the volume profile and increased activity on the vertical histogram.

The asset's price is currently below the resistance level at $1.2746, which is above the point of control at the price level of $1.1439, acting as support.

We can expect a continuation of the upward movement upon overcoming the resistance level at the price of $1.2746 and consolidating above it. The next significant point may be the overcoming of the 200-day moving average, above which the resistance level is at the price of $1.6051.

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.