Potential Rebound Amidst Oversold ConditionsAt its present value of 1.1257, ARB appears to be experiencing a slightly oversold condition, as indicated by the Relative Strength Index (RSI) value of 37. This suggests a potential for a price rebound or a reversal in the prevailing trend.
Analyzing Fibonacci retracement levels within the 4-hour timeframe, we observe key checkpoints for ARB:
The 0 Fibonacci level rests at 1.1314.
Slightly higher, the 0.5 Fibonacci level lies at 1.1807.
At the apex, the 1 Fibonacci level stands at 1.2300.
These levels serve as potential areas of support and resistance, influencing price behavior. Notably, ARB currently finds itself below the 0 Fibonacci level, implying the likelihood of a further decline before encountering substantial support.
Examining the volume oscillator, we note a reading of 5.37%. This figure indicates a moderate level of trading activity surrounding ARB. It suggests that there exists a certain degree of interest and participation from traders. However, it is essential to contextualize this reading by comparing it to historical volume data to ascertain its significance.
Furthermore, the Moving Average Convergence Divergence (MACD), with a value of -0.0121, reveals a negative disposition. This signifies that the short-term moving average remains positioned below the long-term moving average, suggesting a potential bearish trend. However, it is worth noting that the magnitude of the negative value is relatively modest, indicating a relatively weak bearish momentum.
In conclusion, the analysis suggests that ARB is currently slightly oversold, indicating a potential for a price rebound or a reversal in the prevailing trend. It should be noted, however, that the coin's position below the 0 Fibonacci level suggests the possibility of further downward movement before encountering substantial support. The volume oscillator indicates moderate trading activity, suggesting a level of trader interest. The MACD presents a negative trend, albeit with limited bearish momentum.
ARB
ARBUSDTAs you can see, the price has started a downward trend, and lower ceilings are hitting
It is currently suffering in a box
Due to the price drop in about 20 days
The price of accommodation is necessary in my opinion
It is more likely that the price will break the last ceiling and move upwards than it will break the floor
ARB Seeking Lower or Forming Bottom?Arbitrium has followed through on my original idea, breaking through support forming a lower low. Now that we have bounced it seems Arb is finding resistance in the wrong places, as well as a lack of support to push up. Leading me to believe that the markets wants lower. However if this develops into sideways consolidation we could be forming a bottom. I’m leaning bearish.
ARBUSDT, Key zones to watch & A buy point. ARBITRUM📈Hello guys, Everything is explained on the chart for you like always. The price creating a W pattern and now under the resistance, So after breakout and at pullback will be a good point to buy with lower risk.
(Also consider it after a good correction and specially under 1$ will be good to invest). You can keep that in your watchlist.
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion below to me
.
Salam be doostan, hame chiz rooye chart baraye shoma moshakhas shode. gheymat dar haale sakht olgo W hast va alan zire moghavemat, pas baad az shekaste moghavemat va dar pullback yek noghte khoob va kam risk tar baraye kharid hast.
(hamchenin baad az ye eslaah khoob zire 1 $ gozineh khoobi baraye sarmaye gozari hast). mitoonid tooye watch lsitetoon negah darid.
moafagh bashid.
like va follow faramoosh nashe :)
SUI VS ARB
Hello everyone! Today I did a review of two new and hype coins - SUI and ARB. Both coins were released at almost the same price, and you can see on the chart the coincidence of entering the market, corrections, accumulation and transition. Personally, I see the growth of the SUI coin, especially the sharp growth and transition. Many people already have this coin, so if you are considering it for investment and long-term goals, then it is a very good coin. In the near future, I expect growth for this coin.
Wishing you a successful day and profits!
5 Altcoins Analysis in 1 Video 📹 OKXIDEASDear TradingView community and fellow traders,
I am Richard, also known as theSignalyst and here is my fourth OKX contest submission => OKXIDEAS
Today I will be going over 5 Altcoins Analysis => OKB, ARB, OP, APT, and NEAR.
Let me know which altcoins would you like me to cover next.
Hope you find this video useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques.
All Strategies Are Good; If Managed Properly!
~Richard
Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
AIDOGE coming into the buy zone for wave CWe did really well buying at 22 and 15 and sold at 28 now we are looking to buy back in the elipse and our target is the rectangle at top of Wave C. The bottom of wave B is always the best place to enter LONG. The fibs are showing the energy of wave A and poiunting us to where it will run out at the top of C. this coincides with a retest of our Previos High where you see my indicator called a yellow flag to sell. Here on the 4H we can also see a rise in volume for the last 8 hours with excellent accumulation. This Token is paying over 1000% APR in rewards and you can pair it with ETH to make 17000% APR and get your rewards paid in ARB! So that is what the Hype is about and it is a big deal and a huge opportunity for early investors. This is being done on the Arbitum One network. Cheers and take a look a PEPE as well....
ARB 2$Greetings to all readers! Today, I would like to share my opinion on the ARB coin. This project caught my attention, and I believe that ARB is a very interesting coin worth holding in one's portfolio.
Recently, I decided to purchase some ARB and allocated the majority in the zone that I marked on the chart. I am confident that the coin has a good product and a team of developers working on improving the project. Additionally, the project has prospects for future development.
Bitcoin Short Analysis ( Bearish ? )#Bitcoin Chart Analysis
CRYPTOCAP:BTC is currently trading at HKEX:29 ,300 and it seems to be retesting its resistance trend line after a breakout. According to technical analysis, this retest zone suggests a bearish outlook for Bitcoin.
I have opened a small short position with a stop loss if any 4H candle closes above HKEX:30 ,300. My target is $24,500 if the stop loss is not hit.
Keep in mind the support level is at $24,500 and the resistance level is at HKEX:30 ,000.
Disclaimer: This is just my personal analysis based on the chart, and it is not financial advice. Please do your own research before making any investment decisions.
PEPE IS DANGEROUS take carePepe coin , like many other cryptocurrencies, is subject to volatility in its price, which can be affected by a range of factors such as market sentiment, news events, and technical analysis. In recent weeks, Pepe coin has been retesting and consolidating between two key levels, represented by a red line and a green line on the chart. This consolidation suggests that buyers and sellers are in a state of equilibrium, which could lead to a potential rise in price if the balance tips in favor of the buyers.
If Pepe coin breaks out of this consolidation range and moves above the red line, it could signal a bullish trend and attract more buyers into the market. This increased demand could drive up the price of Pepe coin, potentially leading to a surge in value. However, it's important to note that cryptocurrency markets are highly unpredictable and investors should always exercise caution and do their own research before making any investment decisions.
🔥 Arbitrum Bullish Channel Bounce InitiatedIn 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.