Today ARB finally broke out of a bottom pattern and trades at the highest price since February 2025, eight months ago.
Here we have a very strong chart and signals. All the signals are very advanced and fully confirmed. For example, today's candle is full green and hitting the highest price in months. Volume is the highest since February.
Here we have a rising trend. Up but not only bullish action. There are always retraces within growing periods. For example, look at July; a retrace but this retrace ends in a higher low followed by additional growth. Present, breaking resistance but once the next resistance level is hit, the possibility always opens for a new retrace. The retrace we know ends in a higher low and additional growth because we are in a bull market.
The current uptrend should go for months.
This is a mid-term chart you are looking at based on the daily timeframe. Targets are likely to hit within 1-3 months.
Arbitrum is rising nicely soon to meet 0.6226 as the first resistance zone for the current advance. Here we can see some minor disturbance followed by additional growth.
The 0.8578 resistance is much stronger than the previous one so profits can be secured around this zone only with the intention of buying everything back lower. Since we are certainโhigh positivityโthat a strong bullish wave follows, we don't want to sell too early. The goal is to sell high.
The main target for this move is 1.85. After this level, we should get some sort of stop. Some pairs stop above the conquered resistance and go sideways for a while. Some produce a strong flush while others start a small correction, invariably, everything leads to additional growth and the market grows.
So, aim high and profit the most. When your pairs start hitting 300% profits start planning your take profits strategy and you can't never go wrong at this point. The most common mistake can be selling too early, not holding long enough. Another mistake is to hold forever and miss the top.
Namaste.
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