{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/arbitrum-arbusd-looks-good-to-buy-at-2-097-resistance-value\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/arbitrum-arbusd-looks-good-to-buy-at-2-097-resistance-value\/","headline":"Arbitrum (ARBUSD) Looks Good to Buy at $2.097 Resistance Value","name":"Arbitrum (ARBUSD) Looks Good to Buy at $2.097 Resistance Value","description":"Arbitrum Price Forecast: January 16The ARBUSD pair is making positive moves and looks good to buy at the current trading level of $2.097 resistance value. The cryptocurrency may rise even higher and attempt to reach the $2.600 supply threshold. If the bulls put more pressure on the market, the resistance level at $2.097 might not […]","datePublished":"2024-01-16","dateModified":"2024-01-16","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/01\/ARB-LNT-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/01\/ARB-LNT-2.png","height":586,"width":1080},"url":"https:\/\/forexschoolonline.com\/arbitrum-arbusd-looks-good-to-buy-at-2-097-resistance-value\/","about":["Cryptocurrency","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":443,"keywords":["Arbitrum","ARBUSD","Technical Analysis"],"articleBody":"Arbitrum Price Forecast: January 16The ARBUSD pair is making positive moves and looks good to buy at the current trading level of $2.097 resistance value. The cryptocurrency may rise even higher and attempt to reach the $2.600 supply threshold. If the bulls put more pressure on the market, the resistance level at $2.097 might not hold, and the price might rise as far as $2.600 upper resistance level and beyond, indicating a growth opportunity of 80%. Thus, a buying time for the coin traders. Key Levels:Resistance Levels: $1.800, $1.900, $2.000Support Levels: $1.500, $1.400, $1.300ARBUSD Long-term Trend: Bullish (Daily chart)ARBUSD indicates an upward trend and also looks good to buy with a bullish sentiment in its long-term perspective. The coin is currently trading above the level of $2.029 while facing resistance at the recent high. The previous action at the $2.230 high level in the past few days has sustained the coin price to remain above the trend line in its recent high.After completing the bearish move at the $2.016 support level during yesterday\u2019s session, the bulls\u2019 action increases the price of Arbitrum up to the $2.097 resistance level above the supply trend levels as a pullback as the daily session opens today, this looks good to buy for the coin traders. Hence, a break above the $2.406 value would intensify the buying pressure on the crypto.Further, if the coin buyers could hold above the $2.406 high mark and close a candle, closing above the mentioned resistance will make the ARBUSD price look good to buy more. As a result, the price could pump or surge upsides to hit the $2.600 resistance value soon in its long-term outlook.ARBUSD Medium-term Trend: Bullish (4H chart)On the medium-term outlook, the ARBUSD pair also looks good to buy as it remains in a resistance zone. Firstly, the crypto has broken above the moving averages which indicates a possible rise of the pair. The bullish reversal at the $2.029 high value in the previous action has sustained the crypto above the trend line in its recent high.Today\u2019s 4-hour bullish candle at the $2.072 value which further rises to a $2.097 supply mark above the moving averages confirms the bulls’ dominance in the market.Thus, a potential breakout from this trend line could intensify the bullish momentum and may surge the price of ARBUSD above the $2.406 previous high.Having said that, if the bullish momentum persists, a breakout above this combined resistance with candle closing may push the price of Arbitrum to the $2.600 upper resistance value in the days ahead which will signal a strong buy signal for interested traders as the coin looks good to buy in its medium-term timeframe.Place winning Arbitrum trades with us. Get ARB here "}