ARB - Update before CPI
This is an update to our previous post:
https://www.tradingview.com/chart/ARBUSDT/RvsNLSNx-ARB-Maintaining-Trend/
In this post I want to focus on the lower timeframe (2H). We are seeing a slight bullish divergence forming (series of lower lows in price followed by a series of higher highs on the RSI).
Therefore it looks like there is still strong buying interest around these levels. What we want to watch for now is continued daily closes above the white line in my previous post solidifying that as new support.
https://www.tradingview.com/chart/ARBUSDT/RvsNLSNx-ARB-Maintaining-Trend/
In this post I want to focus on the lower timeframe (2H). We are seeing a slight bullish divergence forming (series of lower lows in price followed by a series of higher highs on the RSI).
Therefore it looks like there is still strong buying interest around these levels. What we want to watch for now is continued daily closes above the white line in my previous post solidifying that as new support.
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