ARB - Potential Bullflag
Although, there is cause for concern based on TOTAL, some altcoins look like they have bottoming setups.
Here are some bullish signals forming in the chart. If we do end up breaking down we can fall between $1-1.10 where the VRVP sits. But for the time being the bullish pattern remain in tact:
- ARB looks to be forming a bullflag.
- Lower low support trendline (bottom yellow line).
- Liquidity test of 0.618.
- 1D 200 MA acting as support (purple MA).
- 1D RSI double bottom at oversold (green circles).
Here are some bullish signals forming in the chart. If we do end up breaking down we can fall between $1-1.10 where the VRVP sits. But for the time being the bullish pattern remain in tact:
- ARB looks to be forming a bullflag.
- Lower low support trendline (bottom yellow line).
- Liquidity test of 0.618.
- 1D 200 MA acting as support (purple MA).
- 1D RSI double bottom at oversold (green circles).
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