ARB: Trader Flags Potential New Highs on Bounce
Michaël van de Poppe notes that ARB has completed an organic correction and ranks among the strongest assets in the current upward move, raising the prospect of new highs.
SourceAnalysis
@CryptoMichNL states that ARB has completed an organic correction and stands among the strongest assets in the ongoing bounce, opening the door to new highs. At $0.2 the token trades inside its Bollinger Bands with the upper band at $0.2 and lower band at $0.18, while the EMA50 at $0.19 and EMA200 at $0.18 provide layered support beneath price. The MACD golden cross confirms trend strength and the RSI at 63.22 leaves room before overbought territory, so the market is pressing the upper band yet still anchored to the 50-EMA; any brief pullback to that level would likely attract fresh bids before continuation.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast