Looks like you're in the United States. Switch to the United States site for products available in your region.
Post
Spartan1
Show original
$ARB
Not seeing confirmation of the Inverse Head & Shoulders yet. The right shoulder isn't formed — price just bounced off the trendline.
If it breaks the neckline at 0.0648 with volume, then yeah, the downtrend is broken. Until then, it's just a bounce inside a falling channel.
Who's already bought the formation, and who's waiting for confirmation?
DezignTraber
✴️ Friends, $ARB has risen more than 3 times from the bottom in about two months, but it hasn't even started its real ascent yet.
Since the listing, it has tried to break the downtrend four times but failed, and now it has been rejected, although after a slight recovery it seems that an Inverse Head and Shoulders pattern is forming.
If this pattern completes, the downtrend will be broken, and only then, I think, we will see a much more aggressive rise.
Watch it closely.
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
