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: September 4
The Arbitrum price forecast is for the price to take advantage of the waning bearish influence to make a significant shift toward a bullish upturn.
Arbitrum Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $1.1100, $0.9700
Zones of Demand: $0.9280, $0.8500
The bears are currently driving the Arbitrum market. By last Friday, the price had plunged to a new record low of $0.8700. However, since reaching that point, there has been a respite for the bears, and the price has thus far retraced back upwards. The coin is currently testing the $0.9280 resistance level. The outcome here will go a long way toward determining the market’s trajectory.
Arbitrum Price Forecast: ARB/USD Outlook
The Arbitrum market is currently under bearish forces, with the price hitting a new historical low of $0.8700 last Friday.
However, since that nadir, there has been a respite for the bears, resulting in a modest upward retracement.
The coin is testing the $0.9280 resistance level, a pivotal juncture that will significantly impact the market’s future trajectory. Even if the coin surpasses the $0.9280 level, it is poised to encounter the 25-period Moving Average (MA).
ARB/USD Medium-Term Trend: Bullish (4-hour chart)
Surpassing the daily MA level could signal a transition into bullish market sentiment. The Elders Force Index (EFI) powerline shows signs of ascending toward the equilibrium point, indicating potential upward momentum. Encouraging signs are also apparent on the 4-hour chart, as the coin has traded above the 25-period MA.
The development on the 4-hour chart may provide the necessary support for breaching the $0.9280 resistance. Notably, the EFI line has risen above zero, suggesting waning bearish strength. Should the market decisively breach the $0.9280 level, it could mark a shift toward bullish sentiment.
Best Crypto Signals UK: How to Use Our Free Crypto Signal Service!
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing 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.
