🔥 Arbitrum Falling Wedge Bullish Break Out

Recently I made an analysis on ARB and the fact that it seemed to start a new bullish trend after it bounced off a Fibonacci support. Whilst it came close to the target, Bitcoin's bearish price action drove ARB's price further down.

However, it appears that ARB is currently on the verge of breaking out of a falling wedge, which is classically a bullish reversal pattern.

Be patient for the break out to occur. Targets in blue.

Comment:

✅ Target 1 hit

Comment:

✅ Target 2 hit