Technical analysis by BiTBingo about Symbol ARB: Buy recommendation (8/28/2024)

Hi guys The main trend is downward. We have not yet received confirmation of a trend change and the bullish outlook is very weak for now. But on the daily and four-hour time frames, we have a positive RSI divergence. And provided that the downward trend line is broken and the resistance range of $0.893 is consumed, the possibility of the continuation of the upward trend is strengthened. What do you think?In the previous analysis, with the support zone intact, we had a 160% move towards the initial target. The bullish outlook remains intact, and it seems that the two identified support zones are attractive areas for re-entry or increasing position size.