#ARB AT KEY DEMAND AREA: TAKE OFF OR FURTHER DOWNSIDE AHEAD?
$ARB is still rangebound within the key demand zone in between the 0.40 and 0.43 key levels, the latter being a key resistance above which a daily close would be highly relevant to reclaim EMA 20 on the daily timeframe in between 0.44 and 0.45
Such a potential upward move would be crucial in aiming for even further upside targets for long trades, since any daily close below 0.40 might end up making this latest rebound into another bearish fakeout most likely to trigger an extended downward move back into the ATL (All-Time-Low) area
