Arbitrum Price Forecast: June 4
ARBUSD is now set for the next bullish pattern cycle and a swift increase is envisaged by the bulls to follow soon. Therefore, a bullish triumph above the $2.406 high mark will encourage the buy investors for a longer correction and this might reach a high at the $2.500 upper supply trend line.
Key Levels:
Resistance Levels: $1.137, $1.138, $1.139
Support Levels: $0.900, $0.800, $0.700
ARBUSD Long-term Trend: Bearish (Daily Chart)
The ARBUSD pair is attempting the next bullish pattern and trading in the bearish trend market in its long-term outlook. The price bar can be seen slightly below the moving average lines and has confirmed its bearishness.
The interference of short-term traders to the $1.090 low level in the previous action contributed to its bearish momentum lately.
Despite the interactions from the short traders, the bulls made a pullback to a $1.139 high level below the moving average shortly after the commencement of the daily session today. This shows that the bulls are attempting the next bullish pattern and are buying at this level.
Hence, a strong breakup above the $2.406 resistance point would strengthen the bullish pressure and encourage more investors to buy the crypto.
The coin price now trades at the oversold region of the daily stochastic. This means that the bulls may likely resume the next bullish pattern fully and the price of Arbitrum may rise further and head to the $2.500 supply level and beyond in its long-term perspective.
ARBUSD Medium-term Trend: Bearish (4H chart)
Arbitrum price is also attempting the next bullish pattern in its medium-term outlook. The price can be seen progressing upward to the resistance level. 
The price drop to the $1.090 low value during the previous action has made the coin price trade below the supply levels. This will soon be invalidated as the trend has just resumed its bullish pattern but has not yet reached its goal.
ARBUSD, buyers while attempting the bullish pattern made a touch at the $1.139 high mark below the EMA-50 as the 4-hourly chart resumes today. This trend pattern proves the impact of bullishness on the crypto as the coin faces the resistance level. Further, the rising prices reclaimed more confirmation for a bullish recovery.
In addition, the daily stochastic indicates an upward trend, this means that the buy investors may likely continue with the bull pattern and the target might be the $2.500 resistance level soon in its medium-term outlook.
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