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Arbitrum

🔥 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.
Long
by FieryTrading
36
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.
Short
by CryptoPatel
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
by Prachi3009
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. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
40
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) If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
3
🔥 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.
Long
by FieryTrading
11
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!
by CryptoKnee
🔥 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.
Long
by FieryTrading
16
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.
by pejman_zwin
13