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FieryTrading
Mar 28, 2023 4:06 PM

🔥 Arbitrum Falling Wedge Bullish Break Out Long

ARB / TetherUSBinance

Description

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
Comments
CryptoPirate2244
pls update bro
Ali_343
Great job
Tethys6
10 billion tokens. 9 billion yet to be released. doesn't bode well imo.
LegionQ8
You made me reconsider but anyway thanks for great idea
FirstNameHelen
Nice one dear , thanks for sharing !
WalterMoon
Very nice work, I also have the same opinion
CobraVanguard
Loving it 👍🏼
MonoCoinSignal
This is incredibly helpful - thank you!
SwallowPremium
Excellent charting!
DeGRAM
Thank you for sharing your analysis.
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