Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Arbitrum Price Forecast – May 20
The Arbitrum price forecast is for the bears to keep dominating the market till it plunges. Slow the $0.9950 significant level
Arbitrum Long-Term Trend: Bullish (1 Day Chart)
Key Levels:
Zones of supply: $0.1550, $$2.1200
Zones of Demand: $0.9950, $0.7660
The Arbitrum market is expected to crash below the $0.9950 significant level sooner or later. The price has been in a steady drop since mid-March till it dropped below the $0.9950 support level a month later. The coin quickly recovered above it and tried to rally from there only to be rebuffed at $1.2240. The market then spirals back to $0.9950 where it has been since fluctuating.
Arbitrum Price Forecast: ARB/USD Outlook
The Arbitrum market is poised to plummet below the critical level of $0.9950 shortly.
Since mid-March, the price has experienced a consistent downward trend, breaching the $0.9950 support level a month later.
Although the coin swiftly rebounded, attempts to rally high were thwarted around $1.2240. Subsequently, the market retreated to $0.9950, where it has since remained fluctuating.
ARB/USD Medium-Term Trend: Bullish (1-hour chart)
Crypto signals emanating from the market indicate a strong bearish sentiment. The RSI (Relative Strength Index) indicator, previously in the bullish half of the chart, has descended to the bearish half, fluctuating above the oversold border since mid-March before a surge beyond the 50 mark. Similarly, the Stochastic Oscillator lines have just dashed from the bearish half to the overbought border.
On the 4-hour chart, the RSI indicator depicts a cycle of fluctuation from the bullish half to the overbought border and back, with the current trend seeing a rise towards the overbought region. The Stochastic lines mirror this erratic behavior, oscillating between extremes. ARBUSD is expected to succumb to bearish pressure, plunging towards $0.6023.
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.