🔥 Arbitrum Bullish Channel Bounce Initiated

In my most recent ARB analysis I talked about the bullish channel and my expectation that we'd see more bullish price action coming to this token.


Soon after the publication of the previous analysis we had the faulty news trigger about the US government selling 200k BTC, so we dumped hard.

Nevertheless, the structure still holds and is arguably stronger now that we bounced off it a second time.

Targets in blue.