Technical analysis by Mr-Forex about Symbol ARB: Buy recommendation (12/22/2024)

ARB is one of the popular coins. We see that it is in a deep correction after the sharp rise. The movements that come after the rise are in line with the correction character. It received a serious reaction from the 0.68 DDD region. While the RSI is oversold in the daily, the MACD turned red, and the weekly image draws attention to the stage of MACD's transition from the seller region to the green region. In this context, if we create a strategy; 1- 0.74, that is, by buying 1 amount from the current levels, 1 amount can be bought from the 0.62-0.65 region for a possible pullback, and price peak movements can be waited. 2- Those who want to confirm the start of the rise can try buying after the upper band of the Flag channel is broken and the target points on the chart can be preferred again. The analysis is OV analysis. It is a structure that is planned to last for an average of 3-5 months, not from today to tomorrow. YTD