Arbitrum Price Forecast: February 20
ARBUSD holds a recovery opportunity and remains open for a bullish expansion with a bullish reversal pattern. The crypto is witnessing a sudden buying pressure from its daily high of $1.970 which is an opportunity to buy the coin as the price is going up at the moment. However, with the broader market still bullish, the potential rise may hit the $2.406 previous swing high which could expose the price to a $2.600 upper resistance level, resulting in a better gain and the best crypto signal for the coin traders.
Key Levels:
Resistance Levels: $1.800, $1.900, $2.000
Support Levels: $1.550, $1.450, $1.350
ARBUSD Long-term Trend: Bullish (Daily chart)
The ARBUSD market remains open for bullish expansion while trading above the supply levels in its long-term view. The prices are traded above the moving averages which have confirmed its bullish trend. There are multiple possible targets at this point, but either way, the pair looks quite bullish here.
The coin made it to the $1.647 high level during the previous action and has made the price remain in green above the supply trend level in its recent high.
The bulls’ pressure on the coin to a $2.012 resistance level in the previous action has made it possible for it to retain its upward growth and open for a bullish expansion in recent times.
An increase to a $2.026 high level above the EMA-50 approaching the overhead resistance on the long-term chart today indicates that the buying traders are actively buying for bullish expansion at this level.
Thus, a possible breakout from the mentioned supply will accelerate the buying momentum and push the prices of Arbitrum higher to hit the previous high at $2.406 level, bolstering buyers for a sustainable rally.
Notably, the market is pointing up on the daily stochastic; this means that the crypto is open for a bullish expansion, in light of this, the price of ARBUSD might hit the $2.600 supply trend mark, thus registering a buy signal for the coin traders soon in its higher time frame.
ARBUSD Medium-term Trend: Bullish (4H chart)
The coin is also displaying a bullish posture and remains open for a bullish expansion in its medium-term outlook. This is due to the high inflow from the long traders. The sustained bullish pressure to a $1.978 high level in the previous action has led to the coin’s recent high. 
The current price at a $2.026 high level above the EMA suggests the returns of the buying traders in the market. The market participants are responding to this pattern, and its breakout should offer a good buy entry opportunity.
Hence, the ARBUSD pair pointing up on the daily stochastic means that the coin price is open for bullish expansion, and suggests a possible bullish expansion which may lead the coin price to a $2.600 supply level soon in the medium-term time frame.
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