CRYPTO_EYE
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Bullish
#ARB
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a support area at the lower boundary of the channel at 0.3190, acting as strong support from which the price can rebound.
We have a major support area in green that pushed the price upward at 0.3180.
Entry price: 0.3200 $ARB
First target: 0.3297 $ARB
Second target: 0.3393 $ARB
Third target: 0.3513 $ARB
To manage risk, don't forget stop loss and capital management.
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a support area at the lower boundary of the channel at 0.3190, acting as strong support from which the price can rebound.
We have a major support area in green that pushed the price upward at 0.3180.
Entry price: 0.3200 $ARB
First target: 0.3297 $ARB
Second target: 0.3393 $ARB
Third target: 0.3513 $ARB
To manage risk, don't forget stop loss and capital management.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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