ARB - Trade ideaThe idea is: Buy when the price breaks above 1.225$ and take profits at the levels shown in the chart.
Targets:
1. 1.24$
2. 1.26$
3. 1.285$
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
ARB
HBAR/USDT Short Scalp Analysis#HBAR/USDT Technical Analysis Alert
Current Price: $0.068
Analysis: Bearish
Resistances/Retest: $0.0687
Short Entry: $0.068
Target: $0.062
Stop Loss: Any 1-hour candle close above the red line.
Remember, never open any trade without confirmation, and always use a stop loss to manage your risk.
Disclaimer: This is educational content and not financial advice. Please conduct your own research before investing in any coins.
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🔥 Arbitrum Falling Wedge Success: New All-Time High?In my last ARB analysis I talked about the falling wedge and the break out that I anticipated from said pattern. Both targets were hit with ease, congratulations if you took the trade.
For now, I think the bull trend will continue. With BTC edging up and higher time-frames not even being overboughton ARB, there's a very decent probability that we're going to move towards the current all-time highs on the chart. However, on lower timeframes the ARB chart is overbought, so we might see a minor pull-back towards the yellow support area.
Targets in blue.
If BTC can confidently break above $30,000 we might see some huge buying power going to alts, which could even bring ARB to >$2, but that's for a later analysis.
Bitcoin Detailed Expalnation Like Beginner GuideBitcoin Short Overview:
As of 3rd April 2023, the current price of Bitcoin against USDT is $28,380. On 17th March 2023, the price entered the $26,592 zone and has been trading within this X-Zone for the last 17 days. The top zone of this channel is $29,185.
It is important to note that the price needs to break out of the X-zone for the next big move. The X-Zone channel support is at $26,592, and the resistance is at $29,186. The trend line support is at $27,700. These parameters should be taken into consideration before entering any trade.
In my opinion, we can see a price of $29,000 today if the price tests the X-Zone channel resistance again. However, it is crucial to keep in mind that if the price fails to break and gets rejected at $29,186, there is a high probability that it will hit $26,592 and $23,887. Therefore, it is essential to set stop-loss accordingly.
A breakout upwards means that Bitcoin is ready for $35,000.
This is a brief explanation about BTC/USDT price analysis. If you find this information helpful, please like, share and appreciate. For more upcoming quality updates, please follow me.
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INJ/USDT Technical Analysis Chart ( Bullish )Welcome to my technical analysis of INJ/USDT!
INJ/USDT is currently trading at $5.42, and as per my previous analysis, it has completed a 30% down move and achieved its target. I am now expecting some upward movement towards $7.5 from its current level.
A good entry point for this trade could be between $5.20-$5.40, with short-term targets set at $6, $6.5, $7, and $7.5. I recommend placing a stop-loss at $4.86 to minimize potential losses.
As always, it's important to keep a close eye on the market and to prioritize your risk management before opening any trades. Remember, this is not financial advice, and it's essential to conduct your own research before entering any coin trades.
In conclusion, with careful analysis and risk management, I believe INJ/USDT could be a promising investment opportunity in the current market conditions. Best of luck with your trades!
EGLD/USDT Technical Analysis Update ( Bearish Flag )Title: EGLD/USDT Technical Analysis: Bearish Trend Continues, $29 Target Expected
Introduction:
In this technical analysis, we will be discussing the current price action of EGLD/USDT and its potential future movement. Please note that this analysis is for educational purposes only and should not be considered as financial advice. It is always recommended to conduct your own research before investing in any coin.
Current Price Action:
EGLD is currently trading at $40, which is 9% down from the last entry. The coin has been facing a bearish trend and is currently down by 92% from its all-time high of $545. The recent low was at $32.
Technical Analysis:
Based on chart analysis, the bearish trend is likely to continue, and we can expect the price to reach a target of $29. However, if the price manages to break out above the $52 level and sustain above it, the bearish sentiment will end. In such a scenario, the upside target will be $100 to $125 after the breakout.
Conclusion:
It is essential to have a safe trading zone and be prepared with your positions. Never gamble with your hard-earned money and always conduct your own research before investing in any coins. Remember that this analysis is for educational purposes only and should not be considered as financial advice.
Takeaways:
EGLD is currently facing a bearish trend and is down 92% from its all-time high.
Based on chart analysis, we can expect the price to reach a target of $29.
The bearish trend will only end if the price breaks out above the $52 level and sustains above it.
Always trade with a safe zone and conduct your own research before investing in any coins.
Disclaimer: This content is for informational purposes only, and it should not be considered as financial advice. The information provided in this article is based on the author's personal opinion and analysis. Please conduct your own research before investing in any cryptocurrency.
Arbitrum ARB price like a "dark horse". When to buy to win?Another "many promising" project - Arbitrum ARB
There is a lot of hype around the project and a lot of listings, but at the same time, a lot of ARB giveaways and little trading history.
We usually evaluate all crypto projects without a "wow effect" and not through rose-colored glasses). This approach may not give, 1000000% profits every day, but it also saves the deposit from a possible long-term drawdown.
For example, we were thinking along the same lines when APT was priced at $9.5, and we wrote that we were ready to buy it no earlier than $2-4.
Now the crypto market is on the verge of a possible correction, plus an increased supply of ARB from all possible airdrops can be thrown into the market, which can greatly lower the price.
Now we would like to observe the price behavior of ARBUSDT, especially during a possible critical failure of the crypto market.
We have identified the following levels as our assumptions: $1, $0.90, and $0.72, where we will look at the ARBUSDT chart as closely as possible and decide whether it is time to buy or not.
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ARB CAN PUMPINGHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ARB symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
🔥 Arbitrum Falling Wedge Bullish Break OutRecently I made an analysis on ARB and the fact that it seemed to start a new bullish trend after it bounced off a Fibonacci support. Whilst it came close to the target, Bitcoin's bearish price action drove ARB's price further down.
However, it appears that ARB is currently on the verge of breaking out of a falling wedge, which is classically a bullish reversal pattern.
Be patient for the break out to occur. Targets in blue.