ARB Technical Analysis 20.04.2023

arb analysis

ARB, after breaking its downtrend, experienced a rise up to $1.80 levels.

Although ARB managed to bounce back from its previous peak of $1.4444 during the downturn, it has not been able to regain its resistance level. The current resistance level is at $1.59, while the support level stands at $1.44.

If the market continues to decline and loses its support level, an intermediate support zone of $1.38 may receive a bounce. I believe that the main support zone at $1.2880 levels is crucial, and if the price aims to test this area, buyers are likely to show interest in this zone.

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