$ARB - Pullback Area
Ethereum is poised for a significant move.
L2s are likely to follow suit, so keep an eye on the leading ones such as ARB, OP, and AVAX
ARB (Arbitrum) has broken out of its consolidation range, reaching its first resistance level at the 0.618 Fibonacci golden zone.
I anticipate a pullback this week and for ARB, we could see a retrace back to its breakout area, similar to what happened last November before it rallied.
0.95 acts as the local resistance, we will be looking to long around 0.68 to 0.62 area (if it gives)
L2s are likely to follow suit, so keep an eye on the leading ones such as ARB, OP, and AVAX
ARB (Arbitrum) has broken out of its consolidation range, reaching its first resistance level at the 0.618 Fibonacci golden zone.
I anticipate a pullback this week and for ARB, we could see a retrace back to its breakout area, similar to what happened last November before it rallied.
0.95 acts as the local resistance, we will be looking to long around 0.68 to 0.62 area (if it gives)
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