ARBUSDT ( TRADING BELLOW TURNING LEVEL ) ( 4H )
2024-08-15

ARBUSDT 

 HELLO TRADERS 

The current price is trading below turning level at 0.59. Consolidation and holding below this level would provide strong support for a price decline towards the support  level (1) of 0.51. However, if the price breaking and a four-hour candle closes above this level, it may lead to a rising towards resistance level (1) . 

 
 Downward Zone: As long as the price stays below the turning level at 0.59 , ARBUSDT is likely to dropping towards support level (1) at 0.51 . If a 4-hour candle closes below this level , it could push further to 0.42 , then 0.42 . 

 Upward Zone: by breaking turning level around 0.59 , it suggests a increase towards resistance level (1) at 0.67 , confirming a upward trend. If the price stabilizes or stays above this level, there is a strong likelihood of reaching the resistance  level (2) around 0.73 or possibly even rising .

 CORRECTIVE : currently price it will be attempt to retest to reach a turning level at
 0.59 before dropping .
 

 TARGET LEVEL : 
 
 RESISTANCE LEVEL : 0.67 , 0.73 , 0.82 .
 SUPPORT LEVEL : 0.51 , 0.47 , 0.42 .
 
Turning level at 0.59 , Time Frame ( 4H ) .