Arbitrum Price Forecast: August 14
The Arbitrum price forecast is for the price to make another leap toward the $1.3310 resistance to break through it.
Arbitrum Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $1.2880, $1.3310
Zones of Demand: $1.1550, $1.0620
ARBUSD bulls remain in the struggle to push the market to a higher price level. Having used a bullish reversal formation to push the coin above $1.1550, the next task is to push it further beyond the $1.3310 supply line. The coin has been rejected once at this level, but the price is due to make another leap toward the level from the $1.1550 support level.
Arbitrum Price Forecast: ARB/USD Outlook
ARBUSD is aiming for a rise toward the $1.3310 level. This struggle of ARBUSD bulls to propel the market to higher price levels continues.
After utilizing a bullish reversal pattern to drive the coin above $1.1550, the subsequent objective is to extend the surge beyond the $1.3310 supply threshold.
While facing a prior rejection at this level, the price is poised to undertake another leap from the $1.1550 support level toward the target.
ARB/USD Medium-Term Trend: Bullish (1-hour chart)
The daily chart showcases the Stochastic Oscillator lines pausing short of entering the overbought region, instead dipping below the 50 mark, reflecting the recent setback at $1.3310. Concomitantly, the Parabolic SAR (Stop and Reverse) dots have transitioned beneath the daily candles, indicative of the bulls’ concealed efforts to propel the price higher.
On the 4-hour chart, a definitive direction appears elusive. The Stochastic lines have descended into the bearish domain, maintaining fluctuation within this territory. Meanwhile, the Parabolic SAR dots exhibit rapid alternation around the 4-hour candlesticks, presently positioned above them.
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
- 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.
