• 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) Price Climbing the Next Bullish Ladder

Johnathon Fox
04/23/2024 | UPDATED ON: 04/23/2024

Arbitrum Price Forecast: April 23
ARBUSD is at the moment climbing the next bullish ladder and a breakout is imminent. The crypto is very likely to increase in strength as we are seeing a bullish correction in place. The coin gave a bullish breakout from the $1.221 level, suggesting buyers are bringing a positive sentiment to the market. Thus, if the crypto’s price sustains above a $2.406 high level, the potential rally could reach the $2.500 supply value and beyond, bolstering buyers for a prolonged recovery.

Key Levels:
Resistance Levels: $1.000, $1.100, $1.200
Support Levels: $0.900, $0.800, $0.700

ARBUSD Long-term Trend: Bearish (Daily chart)
The ARBUSD pair is climbing the next bullish ladder and indicates a downward trend with a bearish sentiment in its long-term perspective. Prices can be seen below the EMA which indicates a bearish trend.
Arbitrum (ARBUSD) Price Climbing the Next Bullish Ladder
This is due to a high inflow of the sell traders. However, the market is presently facing resistance at the recent high, climbing the next bullish ladder.

Actions from the short traders at a $1.171 low value during yesterday’s session have dropped the Arbitrum price beneath the supply trend lines in recent times.

Price movement to a $1.221 high level below the moving average line as the daily chart commences today is a pullback that will enable the bulls’ recovery to foster a higher price resulting in an intraday gain for buyers as the bulls are climbing the next bullish ladder.

ARBUSD Medium-term Trend: Bullish (4H chart)
Upward pressure now dominates the ARBUSD pair as the price is climbing the next bullish ladder on the medium-term outlook. The coin price is now trading above the moving averages with huge volumes from the bulls.
Arbitrum (ARBUSD) Price Climbing the Next Bullish Ladder
The bulls’ high pressure on the currency pair in the past few hours has made it possible for the price to remain in an upward trend zone in its recent high.

Shortly after the commencement of the 4-hourly chart today, the bulls corrected the $2.221 supply value above the moving averages, resulting in an intraday gain for the coin buyers.

Thus, a possible breakout from the current retracement at the $1.221 neckline will accelerate the buying momentum and push the prices higher to hit the $1.667 previous resistance level as buyers continue climbing the next bullish ladder.

Additionally, the pair pointing up on the daily stochastic means that the buying pressure may continue, and suggests a possible recovery of the $2.500 supply level in the coming days as buyers continue climbing the next bullish ladder in the medium time frame.

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: « GBPUSD Shows Hopes of Recovery
Next Post: Lucky Block Price Prediction: LBLOCKUSD Price Holds above $0.0000300 Supply Level »

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