Arbitrum finds support on dips but needs to follow through above daily demand zone and 4 hour fib levels to resume recovery from weekly support. Short term momentum appears positive on small timeframes per consolidation.
Weekly Timeframe
- Price is hovering just above key support at 1.8164.
- Next support levels are at 1.2699 and lower at 1.0112/0.7946.
- Fib retracement levels can act as resistance on upside moves.
- Demand zone between 1.6691-1.4630 could be a buying opportunity.
Support and Resistance Levels
Support Zone 1 | 1.8164 |
Support Zone 2 | 1.2699 |
Support Zone 3 | 1.0112 |
Support Zone 4 | 0.7946 |
Fibonacci Retracement Levels
0.382 | 1.8585 |
0.50 | 1.6861 |
0.618 | 1.5113 |
0.786 | 1.2616 |
0.882 | 1.1192 |
Demand Zone
Zone Number | High | Low |
Demand Zone 1 | 1.6691 | 1.4630 |
Daily Timeframe
- Short term support is at 1.6000 which is testing currently.
- Stronger daily supports are lower at 1.2246 and 0.9789.
- Demand zone from 1.8650-1.5700 saw an upside momentum stall.
- Price needs to close back above this zone to indicate turning bullish.
Support and Resistance Levels
Support Zone 1 | 1.6000 |
Support Zone 2 | 1.2246 |
Support Zone 3 | 0.9789 |
Fibonacci Retracement Levels
0.382 | 2.0997 |
0.50 | 1.9984 |
0.618 | 1.8972 |
0.786 | 1.7540 |
0.882 | 1.6718 |
Demand Zone
Zone Number | High | Low |
Demand Zone 1 | 1.8650 | 1.5700 |
4 Hour Timeframe
- Range Bound between daily demand zone overhead and 1.6192 support.
- Demand zone from 1.7041-1.6192 could provide buying opportunities.
- Fib retracement levels acting as resistance on limited upside so far.
Fibonacci Retracement Levels
0.382 | 2.1000 |
0.50 | 1.9990 |
0.618 | 1.8980 |
0.786 | 1.7533 |
0.882 | 1.6714 |
Demand Zone
Zone Number | High | Low |
Demand Zone 1 | 1.7041 | 1.6192 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG 1 | 1.7041 | 1.8289 |
1 Hour Timeframe
- Consolidating sharply inside the ascending channel on the chart.
- Demand zone from 2.0711-1.9975 being tested currently.
- Fair value gap below from 2.0758-2.1524 adds to support.
- A close above the daily demand zone would be a bullish signal.
Fibonacci Retracement Levels
0.382 | 1.2179 |
0.50 | 1.1551 |
0.618 | 2.0905 |
0.786 | 2.0005 |
0.882 | 1.9479 |
Demand Zone
Zone Number | High | Low |
Demand Zone 1 | 2.0711 | 1.9975 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG 1 | 2.0758 | 2.1524 |