Bullish Pattern Sets ArbiSmart Token(RBIS) Price To Surpass $1 – Crypto News

The ArbiSmart platform is an EU-licensed regulated crypto ecosystem that offers several financial services to its users. From high-interest-paying wallets to secure crypto exchanges, the platforms provide a convincing portfolio-managing experience and much more. Furthermore, the fully automated arbitrage trading system is one of their key services providing a steady stream of passive returns.

From a technical perspective, the ArbiSmart Token price shows the formation of a falling wedge pattern on the daily time frame chart. In theory, this bullish continuation pattern reflects a gradual increase in buying momentum and offers a long entry opportunity upon breaking its resistance trendline.

Key Points:

• The RBIS price gives a bullish breakout from the falling wedge pattern
• A bullish RSI divergence bolsters the completion of the bullish pattern
• The 20-day EMA maintains a dynamic resistance to the token price.

Source- tradingview

Since last month, the multiple retests to the pattern’s downsloping trendlines indicate the traders strictly follow this pattern and may respond to its potential target shortly. On 24th November, the RBIS price gave an upside breakout from the wedge pattern’s trendline, indicating the buyers were wrestling for trend control.

As of press time, the ArbiSmart Token price trades at the $0.265 mark, with an intraday loss of 0.65%. Furthermore, the altcoin is on the retest phase for the past four days, checking its sustainability above the breached trendline.

If the price sustains at a higher price, the technical setup may push the token price to $1, registering a $275% growth. Furthermore, a potential U-shaped recovery will drive the price above $2.

Conversely, a daily candle closing below the support trendline may stall the bullish thesis.

technical indicators

Relative Strength Index: despite a lower low formation in price action, the daily-rsi Rising indicates the buying activity is getting aggressive at lower levels. Furthermore, this bullish divergence bolsters an upside breakout from this pattern’s resistance trendline.

EMAs: The falling EMAs (20, 50, 100, and 200) may offer dynamic resistance and reflect sustained selling in the market. However, if breakout from these EMA slopes could flip them into potential support.

New Currency Purchase Program from ArbiSmart

The ArbiSmart (RBIS) platform launches a new Currency Purchase Program to make crypto purchases more profitable for investors. Under this program, the user gets 10% to 50% discounts on all the cryptocurrencies and fiat bought through the platform.
For instance, a buyer who qualified for a 30% discount on a $25000 Bitcoin purchase would pay only $17500 and can still withdraw the full $25000 value of Bitcoin by the end of the mandatory vesting period.

Buy Bitcoin up to 50% Below Market Price!
What are you waiting for?
Buy crypto now https://t.co/gIvwVJMlku pic.twitter.com/blYZOoBoY1

— Arbismart (@arbismart) October 23, 2022

Furthermore, the available discounts are determined by certain factors, such as which currency is purchased, the purchase amount, the vesting period selected, and whether or not the RBIS token is also locked for the selected period. The platform supports about 30 different FIAT and cryptocurrencies, from market leaders- Bitcoin and Ethereum to meme coins such as Dogecoin and Shiba Inu.

Furthermore, ArbiSmart also features a new referral program in which the referrer earns up to 10% of the friend’s interest on savings. This referral commission is earned daily and could last up to 5 years.

Upcoming features: (Expected launch-Between December 2022 and the end of Q1 2023)

ArbiSmart will launch an array of new interlinked services, which will require RBIS ownership and provide preferential terms for payments made using the native token. These services include a wallet app, a DeFi protocol, a fresh spin on yield farming, exciting gamification features, an ArbiSmart NFT collection, an NFT marketplace, a play-to-earn(P2E) metaverse having RBIS as the in-game currency, and a crypto exchange.

Price prediction by the end of Financial Year 2022-23

Completing the bullish pattern mentioned above, the ArbiSmart Token(RBIS) may witness a directional rally and pass the $2.87 mark by March 2023 end.

Price prediction by Dec 2023

The RBIS price may experience some fluctuations given the recession fears on the global market, but it will likely surpass the $6.9 psychological level by the end of 2025.

Price prediction by Dec 2024

Considering the overall crypto market obtains an established bull trend, the ArbiSmart Token could rise above the $28.5 mark.