Brief analysis of ARB in the next 2 days:
1. Current trend:
• Determine the short-term trend based on the price chart (4H or 1D timeframe).
• If the price is above the moving averages (MA20, MA50), the upward trend still prevails.
2. Technical indicators:
• RSI: If RSI > 70, be cautious of a correction; if RSI < 30, a rebound is likely.
• MACD: A bullish or bearish crossover will confirm the next trend.
• Volume: Increasing volume accompanying price increase → strong trend.
3. Support/Resistance:
• Support: Price range near 1.05 - 1.10 USD.
• Resistance: Range of 1.20 - 1.25 USD.
4. Scenario:
• If it holds above support at 1.10 USD with increasing volume → Price may test 1.20 - 1.25 USD.
• If it loses the 1.10 USD area → It may revert to test 1.00 USD.