Breakout Alert: #ARBUSDT Breaks Out of Descending Channel

20 בספט׳

Yello, Paradisers! Could we be standing on the edge of a major market move for #Arbitrum? Let's break it down and see what's happening with #ARBUSDT:

💎#ARB has just broken above the Descending Channel formation after a solid push from the demand zone at $0.497. This is a significant move, as ARB has been consolidating within this formation for the past 4-5 months, and now, this breakout opens up the possibility of a bullish rally toward the internal resistance.

💎To confirm this bullish scenario, we will need to see #ARB break above the key internal resistance at $0.637. If it clears this level, the next target will be the major resistance zone, which could potentially ignite a strong upward rally.

💎But here’s the catch: If #Arbitrum loses momentum, we could see a pullback to retest the breakout near the demand zone. If it fails to hold this level, the next likely target is the lower support at $0.428.

💎A breakdown below this lower support would invalidate our bullish outlook, handing complete control over to the bears, and #ARB could continue its decline.

Stay focused, patient, and disciplined, Paradisers🥂

MyCryptoParadise
iFeel the success🌴