ARB USDT is in an uptrend and traders can look to initiate long positions with reasonable risk-reward setups based on the provided trade levels. Upside appears favored as long as support zones hold on temporary weakness.
The current price of ARB USDT is 2.0013, which is in the equilibrium zone between Support Zone 1 and Support Zone 2. This suggests the price is well supported at current levels.
Support Levels
The nearest support levels are Support Zone 1 from 1.6000-1.6709. Below that is Support Zone 2 from 1.2246 to 1.2861. These represent strong support areas where buyers are likely to step in if the price falls.
Support Zone Number | Price High | Price Low |
Support Zone 1 | 1.6000 | 1.6709 |
Support Zone 2 | 1.2246 | 1.2861 |
Support Zone 3 | 0.9789 | 1.0351 |
Fibonacci Retracement Levels
On the upside, there are several Fibonacci retracement levels that may act as resistance – the 0.382, 0.50, 0.618 and 0.786 levels from 1.9915 to 1.8006. A break above these levels will indicate further upside potential.
Fib Retracement Value | Price |
0.382 Fib Level | 1.9915 |
0.50 Fib Level | 1.9361 |
0.618 Fib Level | 1.8797 |
0.786 Fib Level | 1.8006 |
0.882 Fib Level | 1.7555 |
Demand Zones
Demand Zone 1 from 1.7876-1.7000 is a key support area that needs to hold for the bullish momentum to continue. A break below this zone would weaken the short term bullish outlook.
Demand Zone Number | Price High | Price Low |
Demand Zone 1 | 1.7876 | 1.7000 |
Fixed Range Volume Profile Levels
The Point of Control (POC) on the volume profile is at 1.8044, which lines up with some of the Fib levels and Entry Level 1. This represents an area with good support based on prior trading activity.
Point of Control (POC) | Value Area High (VAH) | Value Area Low (VAL) |
1.8044 | 2.0268 | 1.6688 |
Relative Strength Index (RSI) Levels
RSI is currently at 57.54 which is not in overbought territory, suggesting there is scope for further upward momentum.
Current RSI Level: 5754
Trade Bias
Given the price is currently above all support levels and the trade bias is long, positions can be initiated with risk below Support Zone 1 (1.6709) or Demand Zone 1 (1.7000) with targets at Long Target 1 (2.1756) or Long Target 2 (2.4275).
Trade Bias: Long
Entry Levels
Entry Level Zone Number | Entry Level Price |
Entry Levels 1 | 1.8033 |
Entry Levels 2 | 1.7320 |
Invalidation Levels
Invalidation Type (Long, Short) | Invalidation Price |
Long | 1.6910 |
Target Levels
Target Level | Target Price |
Long Target 1 | 2.1756 |
Long Target 2 | 2.4275 |