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Arbitrum

🔥 Arbitrum's Short Looks Great: Patience For Reversal!At the start of the month I was looking for a short entry on ARB, which has been playing out great thus far. However, with ARB losing value rapidly, I'm starting to look for long opportunities. ARB is trading in a very well-defined bearish channel (or wedge). My strategy is to wait for the price to touch the bottom support. Ideally, the daily RSI will be below 30 to increase the reversal probability. Until then, the short stays active. Patience is key.
Short
by FieryTrading
3
Are we bullish on Arbitrums ARB ?I think rollups are going to play an increasingly bigger role come bull market The archaic way ethereum has been used in previous bull markets demands a solution. A solution roll ups is likely to play on a large scale. Having third parties rollup microtransactions in order to ease pressure on the main ethereum blockchain is something that will encourage wider spread use of ethereum and crypto products. Paying $100 in fees for a $9 nft isnt a sustainable offering. ARB is in a big falling wedge This wedge doesnt need to play out according to textbooks and can easily be counter traded and fail. With that in mind tho.. being able to capture good low risk entries in this potentially bullish pattern leading into 2024 can end up being extremely beneficial. Keep an eye out for changing data Data on this can change quickly and importantly so its crucial to say nimble and on your toes to new information.
Long
by SoftQuant
9
ARB/USDT bullish ride? 👀 🚀 Arbitrum today analysis💎 Paradisers, turn your attention to #ARBUSDT as we've spotted it making intriguing moves, currently trading within a demand zone and gearing up for a bullish surge. 💎 A look back reveals that #Arbitrum broke out of its descending channel, embarking on an upward trajectory. Adding to this, a recent shift has been noted where a previous supply zone has transformed into a demand zone. This transition hints at a likely bullish continuation from this very demand zone. 💎 Another angle to keep in mind: if the price of #ARB breaks below this demand zone, it might descend to its previous low. And if it breaches that previous low as well, a continued downtrend could be on the horizon. In both scenarios, trade with caution and strategy. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights!
Long
by MyCryptoParadise
ARB/USDT Break the Descending channel, Bullish Momentum ???Yello Paradisers, Potential Coin! #Arbitrum 💎 ARB has broken out of the descending channel on the 4H timeframe. This could signify bullish momentum for ARB, especially if the daily candle closes above the pattern. 💎 Examining previous movements, ARB has been navigating within a falling wedge pattern. Interestingly, the most recent lower low did not reach the support trendline of the falling wedge, but it did align with the Fibonacci 1.414 target down. 💎 Should the breakout of the descending channel fail, ARB is likely to revert downwards to test the Fibonacci area. This could be an optimal accumulation point as prices touching the golden ratio of 1.618 often result in significant bounces. Notably, this golden ratio also coincides with the area support trendline, enhancing the likelihood of a price bounce upon contact.
by MyCryptoParadise_Nathan
18
Long trade #12 for Arbitrum ARB price On March 31 this year, we published an idea with our thoughts on Arbitrum For those who are too lazy to read, we wrote that at $0.72, we would take a closer look at the coin and see if it is worth buying. The minimum was $0.74. Assuming that altcoins are finally "feeling their bottom," we can try the following long trade for ARBUSDT: Enter = 0.7632 Stop = 0.7390 (- 3.17%) TP = 0.9140 (+ 19.76%) P/L ratio = 6.2 We allocate $10,000 for this trade In the event of a mistake, we will lose $317 If the trade will be a success, we will receive a profit of $1976 What do you think about this trade, and what is your vision? Write about it in the comments!
Long
by P_S_trade
15
Brief Analysis——ARBARB has fallen near the lows of June recently. Offchain Lab once again repurchased ARB worth $1.7 million, but it did not boost the market's confidence on ARB. Also as the leading L2, OP has become a super chain with its OP stack, and its performance within the month surpassed most tokens. The attention paid on ARB gradually decreased. When it was first listed, ARB ushered in a round of rise, but the selling pressure of the airdrop quickly pulled the price down. Since May, ARB has remained fluctuating in the yellow range. The upper rail of the range is the support level of the accumulation area in April. Although the price briefly broke through the upper rail, it quickly returned to it. The ARB started moving down in mid-July, with little bull reinforcement seen in the process. The bears intensified again on August 16, and the price quickly came near the lows. In the last week, although there were some green candles, the length of the green candle was very and was covered by the red candle. After that, ARB began to fall with fluctuation. The bears are always in control. Conclusion: Mostly falling. ARB remains neutral on a large scale. The bulls are not strengthening near the lows. So we come to this conclusion. We set resistance level at 1.0655 and support level at 0.9075. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Short
by Sypool
🔥 ARBITRUM Bearish Support Break OutAs of yesterday, ARB has fallen through a strong area of support which held the bull trend going for over a month. In my view, there's a high possibility that ARB will continue to fall, potentially even retesting the June lows around 0.92 ARB is quite oversold at the moment, so we're going to anticipate a bullish correction towards 1.19 or so. Stop just above 1.21 for an optimal risk-reward ratio. A more risk-averse trade would be to take (partial) profits around 1$.
Short
by FieryTrading
8
ARB/USDT is Ready to Fly, Arbitrum Analysis Today Dear Paradisers, Take Notes! ARB finds itself at a pivotal juncture within a triangle formation, hinting at an intriguing turn of events. 💎 At this moment, ARB is making strides to emerge from this triangle. A successful emergence could pave the way for a bullish surge. 💎 However, if the bulls falter in their breakout attempt, ARB might circle back to test its support around the $1.11 mark. As always, the broader market's pulse will be instrumental in shaping this breakout's direction. 💎 On the whole, we're buoyant about ARB reaching these anticipated milestones. Stay tuned with #MyCryptoParadise for more insights!
Long
by MyCryptoParadise_Nathan
Radiant: Surpassing AAVE and a Promising Future in Bull Market bRadiant (RDNT) has positioned itself as a formidable contender in the decentralized finance (DeFi) world. With innovative features and cutting-edge technology, RDNT is gaining investor trust, indicating its readiness to outperform market giants like AAVE. Furthermore, with the approaching Bull Market and BTC Halving, Radiant is poised for notable appreciation. The Rise of Radiant: Radiant has emerged as a leading DeFi platform, presenting a unique set of features that cater to the demands of the modern financial landscape. Its omnichain financial market allows transparent deposits and loans of assets across various chains, effectively eliminating liquidity silos and fostering a truly interoperable DeFi ecosystem. This flexibility opens new opportunities for investors, giving Radiant a competitive edge over traditional players. A Secure and Reliable Platform: One of Radiant's key strengths is its unwavering commitment to security. The platform has undergone rigorous testing and audits by renowned security firms, ensuring the protection of user assets and the integrity of its protocols. This level of diligence has garnered the trust of over 28,000 holders, bolstering its reputation as a reliable DeFi platform. Controlled Emissions and Sustainable Growth: Radiant's controlled emissions structure with Dynamic Liquidity Providers (dLP) is a strategic differentiator. By rewarding dLP providers with RDNT, Radiant encourages active participation, creating a sustainable and balanced ecosystem. This approach aligns with the essence of DeFi 3.0, setting Radiant apart from projects with high-emission governance tokens and limited utility. A Promising Future for Radiant: With the impending Bull Market, the cryptocurrency market witnesses a general increase in prices, resulting in higher demand and trading volume. Built on solid fundamentals, Radiant is poised to capitalize on this optimistic momentum, potentially surpassing market giants like AAVE. BTC Halving Catalyst: BTC Halving, a significant event in the cryptocurrency world, brings a reduction in mining rewards, limiting the supply of new BTC. Historically, Halving events have been followed by Bull Markets. Radiant, with its innovative approach and growing community, has the potential to benefit from this market trend, propelling its value to new heights. Conclusion: Radiant's potential to surpass AAVE and its promising future in the imminent Bull Market present exciting prospects for investors and enthusiasts alike. As the platform continues to innovate and expand its functionalities, Radiant is well-positioned to become a dominant force in the DeFi space. With BTC Halving as a potential catalyst, the time to embark on Radiant's journey towards a decentralized financial future is now.
Long
by SophiaAnderson
1
GNS (Gains Network) Long-Term OutlookHere's my long-term outlook on GNS. Fundamentals: Looking at Gains Network Price-to-Sales (P/S) and Price-to-Fees (P/F) ratios both indicate that GNS is extremely undervalued (by between 4-16x) when compared to the same ratios of similar platforms. Daily trade volume and daily users are increasing linearly, while daily trading fees has begun to grow exponentially. gDAI price is increasing linearly as expected, even though both Polygon and Arbitrum vaults are overcollateralized. This means more traders are using Gains, and stakers are benefiting. The amount of staked GNS has remained fairly constant, while the GNS supply peaked in March 2023 and has become linearly deflationary since June 2023. Technicals: Technicals look very good, Buyers and Sellers historically have reached standstills at the following prices (± $0.10) : $5.00 $5.50 $6.00 $9.00 $12.00 Each of these are key S/R levels. RSI is crossed over it's MA right at 50 and trending upward which is very bullish considering we're testing the top of a major liquidity zone, however the momentum has crossed bullish, which means bulls are not quite ready to pull the trigger to the next resistance level. Assumptions: 1. Gains user base continues to grow at the rate it has been, beginning to rival GMX. 2. Arbitrum continues to hold substantial L2 TVL. 3. The underdog competition MUX Protocol, which has grown exponentially faster than both GMX and GNS (in terms of TVL and number of users since respective date of inception) doesn't take away GNS market share and the fact that it's trading aggregator utilizes Gains for some trades is beneficial to Gains P/F. I'm pretty confident about move #1 that we're due for a retest of the last pivot low before we see any real upwards movement. Obviously, each move is based on the previous one and the assumptions listed above. This is not financial advice. DYOR. Manage risk.
Long
by HeyJonBray