$ARB Bull Flag Breakout Watch!
After a strong rally, Arbitrum (ARB) is pulling back to $0.5336. ๐ฅ This action is forming a potential Bullish Flag on the 4H chart, a textbook pattern suggesting the uptrend may continue. Are bulls reloading for the next move? ๐
๐ธ Pattern: The chart shows a potential Bullish Flag, which is considered a bullish continuation pattern that signals the uptrend could resume after a brief pause.
๐ธ Levels & Indicators: The 50-EMA at ~$0.5214 is the crucial immediate support. While the MACD shows a temporary bearish cross, the RSI remains healthy above 50, indicating bulls are still in the game. A break above the $0.5577 high would confirm the pattern.
Disclaimer: This content is for educational and informational purposes only.
Do you think the 50-EMA support will hold for ARB?
Big moves ahead, stay tuned.
