💢Market structure explanation:
The pair $ARB shows a sharp and explosive bullish structure (Parabolic Bullish Trend) on the daily and 4-hour timeframes. The price has broken above all moving averages EMA 100 and EMA 200, and the green SuperTrend indicator, with very strong buying momentum supported by high trading volumes (Volume). The price is currently correcting slightly sideways below the main recorded peak at 0.2066 to accumulate liquidity before determining the next direction.
🟢 Bullish scenario
Condition: Break above the current peak at 0.2066 and a confirmed close with a full 4-hour candle above it.
Targets:
First target: nearby resistance levels at 0.2134 to 0.2343.
Second target: upward extension toward the psychological and historical resistance at 0.2780.
🔴 Bearish scenario
Condition: Price breaks the nearby support zone and EMA(7) at 0.1809 and closes below it negatively (the remaining distance to the break is about 7.1% from the current price of 0.1949).
Targets:
First target: a decline to retest the critical SuperTrend line at 0.1611.
Second target: a retest of distant support levels and moving averages between 0.1387 and 0.1485.
#BitcoinETFsBiggestDailyInflowSinceJanuary #ZECHitsANewAllTimeHigh #BTC $XRP
$ZEC
The pair $ARB shows a sharp and explosive bullish structure (Parabolic Bullish Trend) on the daily and 4-hour timeframes. The price has broken above all moving averages EMA 100 and EMA 200, and the green SuperTrend indicator, with very strong buying momentum supported by high trading volumes (Volume). The price is currently correcting slightly sideways below the main recorded peak at 0.2066 to accumulate liquidity before determining the next direction.
🟢 Bullish scenario
Condition: Break above the current peak at 0.2066 and a confirmed close with a full 4-hour candle above it.
Targets:
First target: nearby resistance levels at 0.2134 to 0.2343.
Second target: upward extension toward the psychological and historical resistance at 0.2780.
🔴 Bearish scenario
Condition: Price breaks the nearby support zone and EMA(7) at 0.1809 and closes below it negatively (the remaining distance to the break is about 7.1% from the current price of 0.1949).
Targets:
First target: a decline to retest the critical SuperTrend line at 0.1611.
Second target: a retest of distant support levels and moving averages between 0.1387 and 0.1485.
#BitcoinETFsBiggestDailyInflowSinceJanuary #ZECHitsANewAllTimeHigh #BTC $XRP
$ZEC
