• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

Arbitrum (ARBUSD) Might Revisit the $2.406 Supply Level

Johnathon Fox
05/14/2024 | UPDATED ON: 05/14/2024

Arbitrum Price Forecast: May 14
ARBUSD is very likely to continue growing and might revisit the $2.406 supply level soon as we see a bullish correction in place. The bullish breakout of the coin from the $1.001 level indicates that buyers are attempting a comeback. As a result, the possible rally might revisit the $2.406 level and be higher if the crypto currency’s price holds above the $2.129 high mark.

Key Levels:
Resistance Levels: $1.000, $1.050, $1.100
Support Levels: $0.800, $0.700, $0.600

ARBUSD Long-term Trend: Bullish (Daily Chart)
ARBUSD price retracement might revisit its previous high and remain stable soon on the daily chart. The coin price is below the moving averages and confirms a bearish race. This is due to the high impact of the sell traders on the coin market.
Arbitrum (ARBUSD) Might Revisit the $2.406 Supply Level
The sustained pressure from the bears at the $0.987 support level during yesterday’s session has contributed to its bearishness in its recent price level. Meanwhile, the bulls have just begun the rising pattern which might revisit the high resistance soon.

The crypto rebounded after its massive drops and made a pullback to a $1.001 supply mark below the moving average as the daily chart resumes today. This is a result of more concerns from the buy investors.

Therefore should the bulls increase their swagger in the market, the price of Arbitrum might surge higher to revisit the $2.406 key resistance levels to stabilize the bullish trend.

Also, the momentum indicator which is pointing up indicates that the price of ARBUSD might revisit the upper channel to hit the $2.406 supply level and beyond soon in the higher time frame.

ARBUSD Medium-term Trend: Bearish (4H Chart)
The currency pair’s rising pattern might revisit the previous high mark soon in its medium-term view. The Arbitrum price is currently facing the supply level which confirms its bearish trend.
Arbitrum (ARBUSD) Might Revisit the $2.406 Supply Level
The $1.001 price level served as a solid resistance for the coin price as a pullback below the EMA as the 4-hourly session resumes today.

Because there is currently a bullish correction in place, the coin price might likely revisit the $1.439 previous high level if the bulls could add more strength to their buying purposes.

Further, the Arbitrum price is pointing up indicating an uptrend as shown by the price indicator; it means that the buying pressure will continue. As a result of that, the bullish race might revisit the $2.406 resistance level in the coming days in its medium-term outlook.

Place winning Arbitrum trades with us. Get ARB here

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

About Johnathon Fox

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.

View all posts by Johnathon Fox →
Previous Post: « SPONGEUSDT Price Breaks Up $0.000358 Level
Next Post: Pepe (PEPEUSD) Price to Pump Ahead »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

Forexschoolonline.com 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.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US