👑 $ARB : THE KING OF LOWER LOWS
$ARB has spent the entire macro trend printing lower low after lower low.
That is still the main story on this chart.
Price did finally break out of the recent consolidation range, which is the first positive sign we have seen in a while.
But one breakout does not repair years of weakness.
In my view, there are 2 scenarios from here.
Bullish scenario, around 20%: $ARB keeps holding above the breakout, reclaims the major resistance around $0.45, and starts building a real higher-high structure.
If that happens, the chart could eventually open toward $1.20 and higher.
Bearish scenario, around 80%: this move becomes another temporary bounce, price fails around the major resistance zones, and the macro downtrend eventually continues with another lower low.
For me, the key is simple.
Until ARB stops printing lower lows and starts building higher lows, I stay cautious.
Nothing is guaranteed. This is simply the higher-probability scenario I see from the technical setup, not a recommendation to buy or short ARB. Always do your own research.
$ARB has spent the entire macro trend printing lower low after lower low.
That is still the main story on this chart.
Price did finally break out of the recent consolidation range, which is the first positive sign we have seen in a while.
But one breakout does not repair years of weakness.
In my view, there are 2 scenarios from here.
Bullish scenario, around 20%: $ARB keeps holding above the breakout, reclaims the major resistance around $0.45, and starts building a real higher-high structure.
If that happens, the chart could eventually open toward $1.20 and higher.
Bearish scenario, around 80%: this move becomes another temporary bounce, price fails around the major resistance zones, and the macro downtrend eventually continues with another lower low.
For me, the key is simple.
Until ARB stops printing lower lows and starts building higher lows, I stay cautious.
Nothing is guaranteed. This is simply the higher-probability scenario I see from the technical setup, not a recommendation to buy or short ARB. Always do your own research.
