#ARB — analysis of medium-term movement📈
If we look at the medium term, the price has been moving within the ascending channel since August and has currently rebounded from its lower boundary, which indicates the potential for movement to the upper one, in the area of $0.7 🔼
❗️ The nearest resistance is the zone 0.59-0.60$, where the mirror resistance zone and MA200 are located. Its breakthrough will confirm further growth, and the zone itself will act as support in the future.
📝 Therefore, we are waiting for confirmation and when the indicated marks are broken, we can open long positions. But in any case, we will have to watch the general dynamics of the market movement.
