• 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 Might Head to the $2.000 Resistance Level

Johnathon Fox
04/18/2023 | UPDATED ON: 04/18/2023

Arbitrum Price Forecast: April 18
Arbitrum price might head to the $2.00 resistance level as it is currently running a bullish race and remains stable at the moment. The coin is facing high pressure from the bulls. Thus, a sharp breakout and closure above the current correction phase at the $1.652 high value will invalidate any bearish thesis and the price might hit the high at the the$2.00 resistance level and beyond.

Key Levels:
Resistance Levels: $1.650, $1.750, $1.850
Support Levels: $1.550, $1.450, $1.350

ARBUSD Long-term Trend: Bullish (1H chart)
ARBUSD remains in a bullish trend in its long-term outlook. The bulls are really trying not to fall this time around. Further, the coin prices are traded above the supply trend levels, this confirms a bullish trend.
Arbitrum (ARBUSD) Price Might Head to the $2.000 Resistance Level
The bulls made it to the $1.744 supply value above the moving averages after a series of dip lows in the previous action; this has made it capable for the coin to remain in a bullish trend zone in its recent high.

The coin found resistance at the $1.652 supply value above the two EMAs shortly after the 1-hourly chart opened today. This indicates that the buy investors are actually dealing in the coin investment. Therefore, if the bulls could increase their tension in the market, the price tendency might head to the upper resistance zone.

The longer the price stays above the mentioned supply level, the more pressure builds up to reach a key significant level at the upside.

Next, the Arbitrum price is also pointing upwards on the daily stochastic, this suggests that the coin price may likely continue in an upward direction and head toward the $2.000 upper resistance trend line in the days ahead in its higher time frame.

ARBUSD Short-term Trend: Bullish (15-Minute chart)
Upward pressure still dominates the ARBUSD pair in the lower time frame. Buyers are confident about gaining higher levels and this confirms their high impact in the market at the present. Thus, the recent market structure has favored the bulls.
Arbitrum (ARBUSD) Price Might Head to the $2.000 Resistance Level
In the previous actions the coin has been having high interference from buyers which really made it easier for the cryptocurrency to maintain stable upside moves in its recent high.

The buy investors actually made a jump to the $1.660 supply value above the moving averages during the previous action and sustained it; this really enabled the crypto to remain strong above the trend line.

On the 15-minute chart today, there is a broader recovery in the prices. The price of Arbitrum jumped up to a $1.652 supply level above the moving averages as the bulls took to their stand in the market.

This bullish correction, however, indicates a gradual improvement in market sentiment and leads to more intraday gains in assets to higher prices.

In addition, more upsides are still coming as shown by the stochastic oscillator pointing upwards to indicate an uptrend. With the look of things, the bullish rally may therefore head towards the $2.000 high value in no long time on the lower 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: « Lucky Block Price Prediction: LBLOCKUSD May Break Up the $0.0003429 High Mark Soon
Next Post: GBPUSD Retreats Towards the 1.2340 Price 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