Arbitrum
ARBUSDT price analysisThe layer-2 token has witnessed huge trading volume since its listing in Binance.
Since we don't have enough data available for analyzing price movement, we will be using 30 min timeframe.
The token is witnessing resistance at $1.5729 and support at $1.1097.
Taking these values as swing high and low, we can use Fibonacci retracement to find the upper target and lower target as the price breaks resistance and support, respectively.
Upper target: $1.85
Lower target: $0.8235
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/USDT LOOKS READY FOR A 30% PUMP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this ARB/USDT trade setup.
ARB looks good here. Breaking out from the descending triangle in the hourly time frame and currently retesting it. Long some here with low leverage.
Target1:- $1.26
Target2:- $1.34
Target3:- $1.44
Target4:- $1.54
SL:- $1.14
Use low leverage (5x-6x)
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ARBITRUMBINANCE:ARBUSDT
From my point of view, the situation on Arbitrum is as follows:
you can see main resistance / support levels.
There is to possible scenario.
First we will move to our buy zone. Than we will get good new about Arbitrum One or Arbitrum Nova
and price will make rocket same as it was with Aptos.
Second scenario that we will rich one of our Resistance level and foal down a bit. Later we will need to monitor news about
Arbitrum and price chart as well.
🔥 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.
$ARB - Top 10 Crypto - Target $18+ (15X)Though it's too early to analyze the chart, below are the reasons
Almost 60% airdrop been claimed & dropped 90% from Top
Bids at 1 - 1.5 been ABSORBED
VC tokens will be vested accordingly but as of 10% Circulation supply
Short term Ultra bullish and $ARB could seize a spot in Top 10 Crypto
Target $18+ (15X)
Finally, could #Arbitrum pose risk to $MATIC? May be
ARB new to me.If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
So this has just been birthed onto Binance. Because of the lack of context and price action, I would be a bit more leery about it. BUT, its got some Elliott wave looks but its giving me mixed signals, so I just blindly entry one way and hope for thr best...just kidding, I wait for confirmation. The levels, though, seem to be reactive. On the bull side would want to see the PA bust up beyond 1.31 and flip that level to support. Bear side..1.18.
Cheers!
🔥 Arbitrum Fibonacci Reversal: Short-Term Gains ComingARB has been one the most hyped tokens of recent memory, with a full release on the biggest exchanges last week. After a small initial drop, it seems that ARB has found support on the 0.382 Fibonacci Retracement.
Since ARB has now stopped with making lower-highs and lower-lows, I'd wager that there's more gains coming for this highly anticipated token.
In the short-term, the blue lines are my targets. Over the long-term, it's anyone's guess where ATB can go. Either way, I think this token will fly once BTC can get a decent trend going.
Why to follow 🌉Arbitrum🌉 (ARB)❗️❓As I have said before, I evaluate crypto projects based on various factors.👇
I have already introduced each of these factors with a brief explanation, so today, I will be looking at Arbitrum (ARB) , which will launch on Binance exchange on March 23rd. That is tomorrow.
🔥Let’s get into it:
🔰🔰🔰🔰🔰🔰
✅ Projects Goals : Technically, Arbitrum is an optimistic roll-up on Ethereum. To put it more simply, it is a suite of scaling solutions that provides faster speeds at a significantly
lower cost, with the same level of security as Ethereum. Since Ethereum users were very inconvenient during the last bull run due to the ridiculously high gas fees they had to pay, Arbitrum and other Layer2️⃣ scaling solutions became extremely necessary for the growth of user adoption in DeFi. That is why I have scored Arbitrum’s goals 10/10.
✅ Founders : Arbitrum is built by a company called Offchain Labs. Ed Felten, Steven Goldfeder, and Harry Kalodner are the co-founders of OffChain Labs🔬 and hence Arbitrum. Ed Felten is a computer science and public affairs professor at Princeton University. Steven Goldfeder has received a Ph.D. in philosophy from Princeton University, where he also worked at the intersection of cryptography and cryptocurrencies. Harry Kalodner also holds a Ph.D. in Computer Science from Princeton University. The co-founders' academic level and work experience made me score a 10/10 for the Arbitrum founders.
✅ Github : Since the founders are experienced computer scientists, users who are not tech-savvy don’t have to worry about Arbitrum’s code. The team is constantly working on updates to improve the Arbitrum networks🌐 making them easier to use with faster and cheaper transactions. But since there is still much more room to grow, the experts at I have scored Arbitrum’s Github 9/10.
✅ Inflation Rate : Arbitrum's $ARB token has a total supply of 10 billion and a maximum annual inflation rate of 2%. This is a decent inflation rate, so I have scored $ARB’s inflation rate 8/10.
✅ Community : Arbitrum’s user base mainly consists of OG Ethereum users who often transacted on Ethereum and started using Arbitrum due to the high gas fees. The Twitter account of Arbitrum has more than 610K followers👨🦰, and their Discord channel has more than 320K members. Also, with the launch of $ARB on March 23, the governance of Arbitrum starts, which enables the community to make decisions by themselves to grow the community further. This is why I have scored Arbitrum’s community 9/10.
✅ Whitepaper : Arbitrum’s whitepaper clearly states the project’s vision to the readers: providing scaling solutions to increase transaction speed and lower costs while staying as secure as Ethereum. The Arbitrum team has achieved many milestones till now and continues to do so, like the upcoming governance launch. This is why I have scored Arbitrum’s whitepaper 10/10.
✅ Developers : Since Arbitrum was founded by experienced computer scientists, the devs building Arbitrum are top quality which can also be realized by the number of projects building their DeFi protocols on Arbitrum. This is why I have scored Arbitrum’s developers 9/10.
✅ Tokenomics : The $ARB token distribution is as follows: 11.62% is airdropped to individual wallets, 1.13% is allocated to DAOs in the Arbitrum ecosystem, 17.53% goes to investors, 26.94% is allocated to the team, and future team, advisors, and the remaining 42.78% stays in the DAO treasury which can be governed by $ARB holders. This is an extremely fair token distribution, with the founding team receiving less than 30% of the total supply, so I have scored Arbitrum’s tokenomics 10/10.
✅ Venture Capital Investors : Arbitrum has a long list of VC investors, including Pantera Capital, Coinbase Ventures, Alchemy Ventures, and many more, which shows the credibility and the great vision of Arbitrum. This is why I have scored Arbitrum’s VC investors 10/10.
✅ Competitors Comparison : Arbitrum is one of the largest roll-ups providing scaling solutions for Ethereum, with over 3.5 million unique addresses on Arbitrum. But as an optimistic roll-up, Arbitrum faces heavy competition from other optimistic roll-ups like Optimisim and even ZK (Zero Knowledge) roll-ups. Each roll-up has its pros and cons, but without getting into the technical details, I have scored Arbitrum 8/10 in terms of competitor comparison.
⚠️ The overall score for Arbitrum is 9.3/10, which is an excellent score when evaluating a crypto project. But always remember that crypto tokens are generally risky assets that often face major volatility.
So you must do your research and even consider talking to an advisor before investing🤑 in any crypto project.
Arbitrum with high potential. ARBUSDTHello guys, Everything is explained on the chart for you like always. ARB as a newcomer token in crypto currencies with blockchain and a strong ecosystem which I think it has a lot of growth potential. ( NOT financial advice ).Also consider it after a good correction and specially under 1$ will be good to invest. You can keep that in your watchlist.
Good luck.
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