Chart Analysis:
This is a weekly (1W) timeframe analysis of the ARB/USDT pair.
1. Support Zone:
A support zone is marked with a blue and brown box, with the lower boundary around ≈ $0.2429.
The current price is above this support zone, indicating some buying interest at this level.
2. Price Action:
The current price is ≈ $0.3057, and the 24h low was $0.2976, showing a rebound from the support zone.
A potential “W” or double bottom pattern is indicated with a yellow line — this is a bullish reversal pattern if the price breaks upward.
3. MACD Analysis:
The MACD, DEA, and DIF are all in the negative zone, suggesting the market is still under bearish momentum, but some recovery is in progress.
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Possible Trade Idea (Not financial advice):
Entry Zone: $0.2683 - $0.2976 (Support Zone)
Target 1: $0.3487 (Previous resistance)
Target 2: $0.4090 (Higher resistance)
Stop Loss: Below the support zone (below $0.24)