ARBUSDT ( TRADING BELLOW TURNING LEVEL ) ( 4H )

15 ago

ARBUSDT

HELLO TRADERS

The current price is trading below turning level at 0.59. Consolidation and holding below this level would provide strong support for a price decline towards the support level (1) of 0.51. However, if the price breaking and a four-hour candle closes above this level, it may lead to a rising towards resistance level (1) .

• Downward Zone: As long as the price stays below the turning level at 0.59 , ARBUSDT is likely to dropping towards support level (1) at 0.51 . If a 4-hour candle closes below this level , it could push further to 0.42 , then 0.42 .
  
  
• Upward Zone: by breaking turning level around 0.59 , it suggests a increase towards resistance level (1) at 0.67 , confirming a upward trend. If the price stabilizes or stays above this level, there is a strong likelihood of reaching the resistance level (2) around 0.73 or possibly even rising .
  
  
• CORRECTIVE : currently price it will be attempt to retest to reach a turning level at
  
• 0.59 before dropping .
  

TARGET LEVEL :

• RESISTANCE LEVEL : 0.67 , 0.73 , 0.82 .
  
• SUPPORT LEVEL : 0.51 , 0.47 , 0.42 .
  

Turning level at 0.59 , Time Frame ( 4H ) .

17 ago

Trade attivo