Ethereum Layer-2 Scaling Solution Arbitrum Flashes Potentially Bullish Indicator, According to Crypto Analyst

Ethereum Layer-2 Scaling Solution Arbitrum Flashes Potentially Bullish Indicator, According to Crypto Analyst


A widely followed crypto analyst says that Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB) could be flashing a potentially bullish indicator.

In a new thread, crypto trader Ali Martinez tells his 61,900 followers on the social media platform X that ARB’s Tom DeMark (TD) Sequential Indicator has presented a buy signal on the asset’s weekly chart.

“It anticipates a one to four candlesticks rebound for ARB!”

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Source: Ali Martinez/X

Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their 13 previous bars or candles.

ARB is trading at $1.04 at time of writing. The 47th-ranked crypto asset by market cap is up nearly 2% in the past 24 hours but down more than 30% in

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