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ARB

🔥 Arbitrum: Falling Wedge Waiting For Break OutARB has been trading bearish for the better part of three months now. During this period, a falling wedge pattern has emerged on the chart; lower-lows and lower-highs. In my view, it's likely that ARB will continue to trade within this pattern for the foreseeable future. Keep in mind that we've got a FOMC interest meeting tonight which could cause some strong volatility. Personally, I'd expect ARB to go lower in the near future and consolidate within the outer point of the pattern. Classically, falling wedges are bullish reversal patterns, so a bullish break out could lead to some decent gains, will make a new analysis once were there. For now, keep an eye on this pattern in anticipation of a break out in the coming weeks.
by FieryTrading
6
GRT The Graph migration to ArbitrumIn my opinion, despite the majority support for The Graph Improvement Proposal and the planned migration to Arbitrum, there are potential concerns for the GRT crypto token. The shift to Arbitrum, as an off-chain solution, may introduce uncertainties and risks that could impact the token's value. Furthermore, the support level of $0.052 could be a significant point to monitor, as breaching that level may trigger additional selling pressure and potential downward momentum for GRT. Looking forward to read your opinion about it!
Short
by TopgOptions
ARBUSDT may head for weekly resistance at 1.34-1.36Here are the supports and resistances marked on the chart for this pair. The price is trading between weekly support WS1 and weekly resistance WR1. And recently the price was pushed down by daily resistance DR1 and found support from 4h support 4HS1 and both of these resistance and support are between WS1 and WR1. From the direction point of view, it seems the price wants to retest the daily resistance again. And it is likely to break that this time in order to move further to weekly resistance WR1. But lets watch how the price reacts when it reaches daily resistance again.
Long
by angela_altair
ARB/USDT Technical Analysis And will it hit $10 in BullRun?#Arbitrum Chart Analysis: Current price: $1.21 Range trading since launch Price range: $1.10-$1.43 over the past 72 days Experienced a bull trap at $1.70, but returned to the same parallel channel shortly after Waiting for a breakout for a significant move Upside Breakout: If #ARB breaks $1.44 and sustains above this channel, a substantial upward rally is possible. Downside Breakout: If #ARB breaks below $1.10, a potential downside target of $0.5 can be anticipated. This could present a favorable accumulation opportunity. Exercise patience and wait for the breakout; avoid trading based on speculation. Bullish on ARB in the long run; potential for $10+ during the next bull run. Note: This analysis represents my personal view and is not financial advice. Conduct your own research before investing in any coins. Thank you.
Long
by CryptoPatel
5
ARB Short Call | Target $0.94ARB has recently broken the lower trendline, indicating a potential shift in its price trajectory. Additionally, it is exhibiting a symmetrical pattern, suggesting a potential continuation of the current trend. Given the current market price, traders and investors may consider entering positions around the current market price. Traders and investors may consider booking profit at a target range of approximately $0.94 to $0.95. Summary: Entry: CMP Target: $0.95 SL: $1.20 However, it's essential to conduct thorough analysis and consider other relevant factors before making any investment decisions. Market conditions, news, and overall market sentiment should also be taken into account to ensure a well-informed and prudent approach to trading or investing in ARB.
Short
by blocksat
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.
by MonoCoinSignal