The much anticipated ARB cliff token unlock (on March 16) is now behind us. Are clear skies ahead? The Weekly ARB/BTC chart sure looks interesting for double bottom potential.
➖ Here we have a descending channel that ends December 2023.
➖ The down channel is followed by a bullish breakout.
➖ The bullish breakout corrects by 78% (Fib. support).
➖ A strong bounce is happening right at the Fib. support producing a higher low.
This dynamic and higher low can lead to a higher high.
👉 This higher high can reach around 0.00006757 for a 100%+...
ARB has a great setup with 133% upside potential here.
+Inverse head and shoulders
+down trend break on ARBBTC pair
###This is NOT a financial advice.But for educational purposes only, trading crypto is highly risky, you're responsible for your own action.
