**Review of ARB** 📈
The price of ARB recently broke out of a descending channel (purple parallel channel), encountering resistance near $0.5, and subsequently pulled back to find support at $0.365, aligning with the 0.382 Fibonacci level.
A gradual ascending trend is forming (yellow line), and currently, it’s trading around $0.4, having broken out of a flag pattern (small purple channel) by approximately 2.5%. This breakout presents an attractive entry point for long positions.
Take-profit targets can be set based on the blue and green lines, both around $0.6 – a level that also corresponds to previous resistance.
Stop-loss placements should be made below the prior low of $0.365.
**LTC Analysis** 📈
LTC has shown strong performance after bottoming out and rebounding, forming a flag pattern (suggesting potential continuation of the prior uptrend). Currently, it’s trading around $94 at the bottom of the flag pattern, making it an attractive entry point for long positions.
Investors can establish long positions here, with take-profit targets based on pattern analysis (blue and green lines) set at approximately $110 and $120. A stop-loss below the previous low of $92.2 is recommended.
**AAVE Analysis** 📈
AAVE previously broke below a flag pattern but quickly recovered (highlighted by a green circle), forming a bearish trap (false breakout). This indicates strong bullish momentum, making it suitable for a long position.
After breaking out of the flag pattern, it encountered resistance at $270 before pulling back. A potential test of support at $250 is anticipated. This level aligns with the top of the flag pattern and falls between the 0.618 and 0.707 Fibonacci levels.
Investors can choose to enter near the current market price or wait for a better entry point before establishing a long position. Take-profit targets based on pattern analysis (blue and green lines) can be set at approximately $280 and $300 for partial profit taking, with a stop-loss placed below $240 (0.5 Fibonacci level).
**Disclaimer**
*The information provided in this review should not be construed as an offer to buy or sell any currency, product, or financial instrument. *
* It’s also important to note that investments involve risk. This is purely for informational purposes and should not be taken as a recommendation for specific trading strategies.