#Arbitrum Chart Analysis:
Current price: $1.21
Range trading since launch
Price range: $1.10-$1.43 over the past 72 days
Experienced a bull trap at $1.70, but returned to the same parallel channel shortly after
Waiting for a breakout for a significant move
Upside Breakout: If #ARB breaks $1.44 and sustains above this channel, a substantial upward rally is possible.
Downside Breakout: If #ARB breaks below $1.10, a potential downside target of $0.5 can be anticipated. This could present a favorable accumulation opportunity.
Exercise patience and wait for the breakout; avoid trading based on speculation.
Bullish on ARB in the long run; potential for $10+ during the next bull run.
Note: This analysis represents my personal view and is not financial advice. Conduct your own research before investing in any coins.
Thank you.
http://dlvr.it/Sq6Sfw
