Arbitrum Price Forecast: November 21
Arbitrum (ARBUSD) price is set to rise more and indeed a good time to buy for the coin traders is nearby, if buyers should exert more force into the price action in the market, the $1.222 previous high trend line might be retested which could assist buyers to reach the $1.250 upper high level. Thus, a clear buy signal.
Key Levels:
Resistance Levels: $1.000, $1.050, $1.100
Support Levels: $0.950, $0.900, $0.850
ARBUSD Long-term Trend: Bullish (4H chart)
ARBUSD pair looks bearish but is set to rise more in its higher time frame. The coin price is trading in green below the moving averages with the bulls starting the new bullish pattern to rise more. 
However, the bears’ pressure to the $1.015 support value in the previous action has contributed to the coin’s bearishness in its recent price level.
Today’s 4-hour bullish candle at the $1.043 value which further rises to a $1.046 supply mark below the moving average indicates that the traders are actively buying at this level.
Should buyers increase their buying forces in the market, then there is a good chance that the price of Arbitrum will rise more to its most recent swing high which is $1.222 for further recovery.
Additionally, the market is pointing upwards on the daily stochastic, this will quicken the emergence of more buyers to move the price up, as a result of this, the price of ARBUSD could rise more to hit the $1.250 upper high level soon in its higher time frame.
ARBUSD Medium-term Trend: Bullish (1H chart)
ARBUSD is in a bullish trend and is also set to rise more in its long-term view. The price currently trades above the EMA. It seems that the bulls are about to take over and push us higher.
There are multiple possible targets at this point, but either way, the pair looks quite bullish here. The bulls’ pressure on the crypto in the past few hours has sustained its bullishness in its recent high.
The impulse move from the buy traders pushed the price of Arbitrum up to a $1.046 high level above the moving average-50 shortly after the 1-hour session opened today. This will enable buyers to influence the price tendency and rise more.
Thus, a possible breakout from the $1.046 neckline will accelerate the buying momentum and push the prices higher to hit the$1.183 previous resistance levels. This will bolster more buying pressure on the crypto to the upper resistance levels.
Furthermore, the pair indicates an uptrend on the daily signal, which means that the price of ARBUSD will rise more, in light of this the coin price is expected to reach the $1.250 upper resistance value soon in its medium-term outlook.
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