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ARB

Arbitrum Analysis | Consolidation with a Bearish BiasCurrent Chart Analysis: The daily chart of ARB continues to show a steady downtrend within a broad range. This pattern reflects sustained selling pressure and dominant bearish sentiment in the market. The price is approaching a significant support level around $0.76 - $0.74, historically serving as a crucial zone for price stabilization. Support and Resistance Levels: The current price is near a support level around $0.91. The critical resistance level to monitor is $1.29, which has been a strong barrier, often leading to price struggles and reversals upon testing. Volume Analysis: Trading volumes typically increase during price declines, highlighting intensified selling pressure. During consolidation phases, volumes remain elevated while candlesticks exhibit low volatility. This pattern suggests market uncertainty and a lack of clear directional momentum, potentially signaling position accumulation by traders preparing for the next significant breakout or breakdown. Possible Scenarios: 🟩 Bullish Scenario: A breakout above the local resistance level at $1.10, accompanied by increased trading volumes, could signal a potential bullish reversal, driving the price up to $1.29. To confirm the shift in market sentiment, this breakout should be supported by high volumes and price consolidation above the $1.29 level on the daily timeframe. This could lead to a subsequent phase of price consolidation, allowing for further testing of key resistance levels on the path to continued growth. 🟥 Bearish Scenario: If the price fails to hold above the $0.91 support level, it could lead to further declines. Consolidation below this support level would likely continue the downtrend towards the next support zone around $0.76 - $0.74. Traders should be prepared for potential short positions or implementing protective measures if this scenario unfolds. Overall Market Sentiment: Current Bias: ARB is displaying bearish sentiment, with potential for extended range-bound trading between the support at $0.91 and the resistance levels at $1.10 and $1.29. The recent token unlock event has added significant supply, contributing to downward pressure, while overall market uncertainty in the crypto space exacerbates this trend. Despite the bullish potential from the Robinhood integration, its impact appears muted in the current environment, unable to counterbalance the prevailing bearish dynamics. Recommendations for Traders: ◼️ Monitoring Trading Volumes: Keep a close watch on trading volumes around key support and resistance levels to assess the strength of any breakout or pullback. ◼️ Preparation for Volatility: Given the recent increase in token supply and market uncertainties, expect heightened volatility. Consider risk management strategies such as setting stop-loss orders, adjusting position sizes, and employing careful entry and exit planning to mitigate risks from sudden market movements. Disclaimer: Content for seasoned traders only. Not financial advice. You bear sole responsibility for trading outcomes. ➖ DYOR 🧠 💡
COINBASE:ARBUSD
by TeddyVizion
Arbitrum Rectangle + Elliott Wave: Targets $1.6 or $1.93TL;DR Potential local bottom at $1.07, potential targets at $1.6 and $1.93 Arbitrum is still trading in its rectangle. After a recent rejection from the resistance, today it retested $1.07. If it holds, it would mark a perfect Wave 2 end (61.8% of Wave 1). In turn, according to Elliott wave theory, this would set the Wave 3 target to $1.6 or $1.93. 🎯 $1.6 is also the rectangle breakout target, and a High Volume Node (HVN), so lots of confluence there. I see two potential strategies for a long entry: The safe play would be to wait for a daily close above the resistance trendline, targeting W3 targets 1 and 2. The higher risk/reward play would be entering now, with a somewhat tight SL below $1.07, targeting the rectangle resistance first, then W3 targets 1 and 2. In both cases, watch the $1.45 area because it is a previous support and HVN. ➡️Not Financial Advice⬅️
Long
by AliferCrypto
5
ARB/USDT upward momentum descending resistance breakout ahead?💎 Paradisers! Keep an eye on #ARBUSDT as it displays strong indications of a bullish continuation from the demand zone after a breakout from descending resistance. 💎 Our meticulous analysis of the price action reveals that $ARBITRUM is poised to breach descending resistance. Should it successfully do so and sustain momentum above the EMA 100, we anticipate a robust bullish advance targeting the next supply area. 💎 The bullish journey is expected to commence once the price clears the supply area and maintains its momentum. However, it’s critical to prepare for other possibilities: if AMEX:ARB fails to surpass the descending resistance and starts to decline, we could see a bullish rebound from a lower support zone. Yet, a drop below this zone could negate the bullish outlook, potentially leading to further price drops. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
2
ARB/USDT Trading ScenarioWe are considering a scenario of price movement for ARB. Currently, the asset is within a price range that attracts active market participants' interest. This interest is confirmed by the analysis of the volume profile and increased activity on the vertical histogram. The asset's price is currently below the resistance level at $1.2746, which is above the point of control at the price level of $1.1439, acting as support. We can expect a continuation of the upward movement upon overcoming the resistance level at the price of $1.2746 and consolidating above it. The next significant point may be the overcoming of the 200-day moving average, above which the resistance level is at the price of $1.6051.
by Rick_SimpleSwap
10,000 New Users Join $ETH's Layer-2 Arbitrum, ARB Price Eyes $2Over the past week, 10,000 new users have joined the Ethereum Layer-2 Arbitrum network, with the price of Arbitrum ( AMEX:ARB ) eyeing a significant milestone at $1.50. With anticipation of Ethereum ETF inflows, many of the 1.51 million AMEX:ARB investors are likely to hold their assets, potentially catalyzing further price fluctuations. The Arbitrum community has opened a snapshot vote for its Gaming Catalyst Plan proposal, which aims to allocate 200 million AMEX:ARB to game projects within the ARB ecosystem. The Arbitrum Foundation will use time and resources to create legal entities for the Game Working Group, considered the interim custodian until the mission is defined and the DAO approval obtained. The necessary details of the proposal will be mapped out and submitted to the DAO, and the group will return with a final staffing plan and interim funding request within 30 days of the proposal's adoption. The proposal has majority support as seen on Tally.xyz. Arbitrum ( AMEX:ARB ) has been moving in tandem with Ethereum, clocking 28% over the past week. Earlier this year in January 2024, the AMEX:ARB price touched an all-time high of $2.4. The Arbitrum price has also clocked 28% over the past week. At the time of writing, AMEX:ARB price is $1.2291, up nearly 20% since Sunday, May 12. The token has sustained its gains of 17.60% from the week, rallying towards the May 23 high of $1.2600.
Long
by DEXWireNews
Arb local swing trade ideaARB followed Ethereum and pumped around 25%! Rumours now around EthereumETF can push the prices to new ath for many coins. BINANCE:ARBUSDT Possible Targets and explanation idea ➡️Weekly timeframe, after listing still relevant fib. IAP model ➡️We come back and close W October 2023 Fvg in May 2024 ➡️Based on my money power indicator you can see periods where whales inflow money ➡️Local swing trade target its a new ath around 200% everything what above -open space Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
ARBUSDT.1DUpon examining the ARB/USDT daily chart, several key technical indicators and levels emerge that help forecast potential price movements. Trend and Resistance Analysis: The price has experienced a significant decline from its high of around 2.4250 USD. Currently, it is trading at approximately 0.9749 USD. The price has been following a downward sloping trend line, labeled as R1, indicating persistent bearish sentiment. There are two major resistance levels to watch: R1 at around 1.3914 USD and R2 at approximately 1.3914 USD. The first resistance level (R1) has been tested multiple times but has held firm, preventing any upward breakout. Support Levels: There are clear support zones identified on the chart. The primary support level, labeled S1, is around 0.5000 USD. This level has been tested before and has shown considerable buying interest, suggesting it could act as a strong floor for future price declines. RSI and MACD Indicators: The Relative Strength Index (RSI) is currently at 36.59, indicating that the asset is nearing oversold territory. Historically, this suggests that a reversal could be imminent, as the selling pressure may soon exhaust itself. The Moving Average Convergence Divergence (MACD) indicator shows a bearish trend with the MACD line (blue) below the signal line (orange) , though the histogram indicates a potential weakening of the bearish momentum. Volume Analysis: There is a noticeable volume pattern where the price dips are accompanied by significant trading volume, which typically suggests strong market reactions to the price movements. Conclusion: In conclusion, the ARB/USDT pair is currently in a bearish trend but is approaching key support levels that might offer a reversal opportunity. The RSI indicates a potential oversold condition, which, coupled with weakening bearish momentum in the MACD, suggests that the price may stabilize or attempt a minor rally towards the first resistance level (R1). Traders should watch for a break above the R1 trend line to confirm any bullish reversal. Conversely, a failure to hold the S1 support could lead to further declines. Overall, the market sentiment remains cautious, and close attention to the aforementioned levels and indicators is crucial for making informed trading decisions.
by MarsSignals
Arbitrum ($ARB) Set for a Bullish Breakout soonThe Arbitrum DAO has approved an eight-week pilot M&A program following overwhelming support for the proposal. On-chain metrics suggest that Arbitrum ( AMEX:ARB ) may experience a rally soon, despite a recent 7.5% increase in its value. The pilot program received over 99% support from DAO members and aims to conduct data-driven research and discussions to inform the Arbitrum DAO's decision on the operationalization and funding requirements of the M&A unit. The goal is to utilize M&A as a growth driver for the Arbitrum ecosystem, expanding non-organically through acquisition opportunities to enhance capital allocation methods. Additionally, on-chain metrics indicate potential for a rally in AMEX:ARB 's value. Despite the recent gain, a significant percentage of ARB addresses are still out-of-the-money, suggesting that investors may be holding onto their assets in anticipation of tangible price appreciation. Furthermore, with 55% of ARB's circulating supply held in out-of-the-money addresses, caution is advised for investors looking to open a position in the Ethereum Layer 2 altcoin, especially considering the large holdings by whales. Although recent activity has shown equal participation from bulls and bears, recent price movement suggests signs of a potential rally. The market value to realize value (MVRV) ratio has also confirmed these rally signs with a 6.54% growth in the past 24 hours. It is important to note that a bearish change in the general crypto market sentiment could invalidate this thesis.
Long
by DEXWireNews
ARBUSDT.1DThe daily chart for ARB/USDT provides a clear view of its current technical setup, which can help us understand the potential future movements. Key Resistance and Support Levels: Resistance 1 (R1): Not specified, but closer analysis suggests it's near where recent peaks have been formed. Resistance 2 (R2): $1.3914 - This level is above the current trading range, marking a significant target for bullish momentum. Support 1 (S1): $0.7712 - Acts as the primary support level where the price could potentially find buying interest if it dips to this range. Technical Indicators: Relative Strength Index (RSI): Currently at 35.11, which is below the neutral 50 mark, indicating bearish momentum. The RSI is nearing the oversold territory, suggesting potential for a reversal if it goes below 30. Moving Average Convergence Divergence (MACD): The MACD line is below the signal line, indicating bearish momentum. However, the histogram is near zero, suggesting that the downward momentum is not particularly strong. Trend Analysis: The price has been in a downward trend, indicated by lower highs and lower lows. The current setup shows the price near a descending trend line or resistance level, which could act as a key area for reversal if broken above. Conclusion: Given the current technical analysis of ARB/USDT, the market seems to be in a bearish phase with a potential for reversal highlighted by the near oversold RSI condition. Traders might consider looking for buy opportunities near $0.7712, which could act as a robust support level, especially if the RSI moves into the oversold territory and starts to curve upwards. For those looking at potential sells or waiting for a confirmation of trend continuation, a decisive break below $0.7712 could open the path towards lower prices, potentially towards newer lows not defined on the current chart. Investors should remain cautious and watch for any changes in the MACD and RSI for early signals of a trend reversal or continuation. Setting stop-loss orders just below the support levels and taking profit near resistance levels can help manage risks effectively in this volatile setup.
by MarsSignals
#ARBUSDT.P #Analysis & #LongSetup #Eddy#ARBUSDT.P #Analysis & #LongSetup #Eddy For example, in an altcoin"Arbitrum", I have provided you with proper analysis & long setup so that you are aware of the general movements of the market and other altcoins & don't rush to buy, the structure is not complete. ((This analysis was based on the liquidity structure and its combination with other styles, including : PA,RTM,ICT,VT,Lvl2+3,DOW,Wyckoff,...)) >> The possibility of growth and explosion of altcoins is very high & they can see much higher targets. Be sure to visit Bitcoin analysis update :
by Eddy_Trade_
1
Longing APT This is risky cause I am not waiting for breakout of the channel for potentially more profits.... However everything I see indicates some upside movement to start soon and accelerate. I have put my entries and some TP points and will use them to build a position for the Bull run even if it is next year.... My SL is not at that level and I have a few more entries below but I don't think it will go that much lower before reaching a few TP zones. Will sell at TPs and buy back if it drops back which in this market it most likely will many times.... Same type trades for LTC, targeting 98 from 77. EOS 0.53 Entry adding adown to 0.76 targeting 2 with TPS in between at AOVs/ LINK also from 6 to 12 same concept and last is ARB from 1 - 2 TP at 1.28, 1.33 1.55 .170 and 2.00 with an additional entry at 0.86 no SL. Sorry don't have time to present them all as of now. Got to run and this is not financial advice.
Long
by Z3R0-G3N3S1S
1
Trade Idea for Arbitrum (ARB) - Accumulation StrategyArbitrum (ARB) is currently trading at approximately $1.20, with recent fluctuations between $1.06 and $1.20 over the past week. The 24-hour trading volume is notably high, around $694.90 million, which underscores significant market activity. With a market capitalization of about $3.19 billion, ARB is a major player in the Layer-2 scaling solutions for Ethereum, aimed at reducing fees and transaction times​ (Binance)​​ (CoinGecko)​. Consider buying ARB at the current market price of $1.20. Given the current market conditions and Arbitrum’s role in enhancing Ethereum's scalability, this price provides an entry into a significant blockchain infrastructure component. If the price drops to $1.00 or further to $0.80, these levels should be considered as additional buying opportunities. This strategy allows for averaging down the entry price while increasing exposure to ARB during price dips. Set a conservative sell target around $1.40, $1.60, $2.00, $2.20, which is slightly above the recent price fluctuations. Further targets could be adjusted based on ongoing market developments and Arbitrum’s performance in the broader crypto ecosystem. As a Layer-2 solution, Arbitrum directly addresses the high cost and slow transaction times of Ethereum by aggregating transactions in batches. This technical utility is crucial as Ethereum continues to be the backbone of various decentralized applications. The recent trading volume and price stability indicate a robust trading interest and potentially undervalued position given its technological proposition​. This strategy indicates a readiness to hold through potential volatility, suitable for investors with a higher risk tolerance and a long-term perspective on their investment in blockchain technology infrastructures. Investing in ARB aligns with a strategic stake in Ethereum's scaling solutions, which are pivotal as the blockchain space evolves. The phased buying approach mitigates risks associated with price volatility and capitalizes on potential upswings prompted by broader adoption or technological milestones. This trade idea is based on the current market dynamics and Arbitrum's strategic role within the Ethereum ecosystem as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice
Long
by icordkaz
1
Arbitrum ARB price suspends its fallTo be honest, I don't really understand why "crypto people" expect some kind of miracle from ARB ? 🤷 The effect of "it's a pity to throw it away - let it be" probably works more here. So explain to me who should buy #Arbitrum so that its price goes up by super X? If there are a bunch of "Homunculus loxodontus" who were given AMEX:ARB for billions of dollars just like that, and they are sitting and waiting to sell "very expensive" and do not plan to buy #ARBUSDT anymore... But the laws of economics work a little differently... So, if you look at the ARBUSDT chart, if everything goes well, the ARB price should not fall below $0.90 🚀 The targets for the ARB price growth are shown schematically on the chart. We don't believe in a sharp rise in the #ARBUSD price, it's too heavy a coin. However, a x2-x3 increase during 2024 is quite realistic. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4