ARB Technical Analysis in a 3-Day Timeframe
2024-09-09

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Now, let’s dive into this chart analysis:

ARB recently reached a new all-time low of $0.4287. The current price of $0.5125 is holding at a support line and is likely to break out above the resistance trendline and the 21 EMA.

Once the price breaks above the resistance level, it will need to remain above it until the 3-day candle closes to stay on a bullish track.

The RSI is showing a bullish divergence, indicating a potential bullish move for ARB. All it needs is a breakout and a close above the resistance level.

Key levels:

- Primary Support/Entry: $0.5.
- Lower Support/Accumulation: $0.3718 to $0.4287.
- Resistance: $0.54-$0.61.
- Target: $2.425.

DYOR, NFA.

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