ARB: Bullish Divergence Fuels Momentum on Robinhood
ARB trades at $0.09 with bullish divergence on USD and BTC pairs as Robinhood chain activity lifts Ethereum-linked flows.
SourceAnalysis
ARB shows clear strength as momentum builds from Robinhood chain activity and broader Ethereum flows, according to trader Michaël van de Poppe.
Price sits at $0.09 inside a bullish trend structure defined by EMA50 and EMA200 both at $0.08. With price testing upper Bollinger resistance at $0.09 while RSI flashes overbought at 70.11, a healthy retracement to the 50-EMA support at $0.08 seems probable before further continuation. MACD golden cross at 0.0 reinforces the underlying bullish bias on the 4h chart.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast