ARB UPDATE (6H)ARB shows signs on the chart that buy orders are in the green range (Demand) and the buyers' stronghold is in this range.
The L SH (long shadow) range is a suitable range in which to look for a buy/long position.
If the price reaches this range, we will look for buy/long positions
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis
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
ARB - LONG TERM - Arbitrum (ARB) is a layer 2 scaling solution for Ethereum, designed to improve the network's throughput and reduce transaction costs by offloading computations from the main Ethereum blockchain. Developed by Offchain Labs, Arbitrum aims to address the scalability limitations of Ethereum while maintaining compatibility with existing smart contracts and decentralized applications (DApps).
Arbitrum operates as a rollup chain, which means it bundles multiple transactions into a single batch and submits them to the Ethereum mainnet as a single transaction, thereby reducing congestion and gas fees. This approach allows Arbitrum to achieve higher throughput and lower transaction costs compared to executing transactions directly on the Ethereum mainnet.
One of the key features of Arbitrum is its support for Ethereum Virtual Machine (EVM) compatibility, which enables developers to deploy existing Ethereum smart contracts on the Arbitrum network with minimal modifications. This compatibility ensures that DApps built for Ethereum can seamlessly transition to Arbitrum, thereby benefiting from its scalability improvements without requiring significant changes to their codebase.
Arbitrum uses a unique mechanism called optimistic rollups to achieve scalability. In optimistic rollups, transactions are initially processed off-chain in a trustless manner, with the assumption that they will be valid. The validity of transactions is later verified on the Ethereum mainnet through a process known as dispute resolution. By batching transactions off-chain and only submitting proofs of their validity to the Ethereum mainnet, Arbitrum significantly reduces the computational overhead and gas costs associated with transaction processing.
Users and developers can interact with Arbitrum through various tools and interfaces, including wallets, block explorers, and developer APIs. This accessibility enables seamless integration with existing Ethereum infrastructure, making it easier for users to access decentralized applications and for developers to build scalable DApps.
Overall, Arbitrum represents a promising solution to Ethereum's scalability challenges, offering high throughput, low transaction costs, and seamless compatibility with existing Ethereum infrastructure. As the Ethereum ecosystem continues to grow, Arbitrum is poised to play a key role in supporting the adoption of decentralized finance (DeFi), non-fungible tokens (NFTs), and other Ethereum-based applications.
Arbitrum is about to reach new all time highsArbitrum has broken out of a triangle pattern that is formed on the daily candle chart. The target of this breakout is showing $2.7. Despite the fact that Arbitrum is due to release a massive number of tokens, the coin can easily reach higher price targets as both Bitcoin and Ethereum have reached higher prices already. Furthermore, usually one week before when a project is releasing tokens the price gets pumped by 30% on average. After the release the price may experience a small pull back if the early investors star selling. Eventually, since we are in the early stages of a bull market even prices such as $3 or $4 are very possible to be seen very soon as the coin had fallen behind other coins and it has to catch up.
Arbitrum has a bright future. It has been adopted by the community since day one thanks to the project's generous airdrops. Additionally, due to the astonishing speed of the Arbitrum and its interoperability it can get to see even much higher prices in the up coming bull run. For example if the market cap of the Arbitrum goes as high as a project like Polygon the price of the coin can go up til $14 which is not so far fetched and it should be very possible.
ARB/USDT Ascending channel bullish ride?whats next💎 Paradisers, focus on #ARBUSDT as it climbs within an ascending channel, primed for an impactful surge from its demand zone
💎 #ARBITRUM has recently hit a wall at $2.1589, triggering a pullback. From the support of the ascending channel and having gathered downward liquidity, it's now showing robust momentum marked by striking green candles, hinting at a forthcoming leap over channel resistance. Keeping up this pace could ignite a notable bullish rally, breaching critical resistance points.
💎 In the ever-evolving crypto landscape, the ability to pivot and adapt strategies is key. Should #ARB face challenges at this pivotal demand zone, a strategic shift might be in the cards. Anticipate a bullish rebound from the alternative demand level at $1.952, with a descent below this threshold potentially signaling further declines
ARB buy setupNote that this is not a setup for sell/short, but a setup for buy/long
ARB structure is bullish. If it reaches the Demand range, we will look for buy/long positions in this range.
Fixing 1 daily candle below the invalidation level will cause the analysis to be violated.
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
#ARB/USDT#ARB
The price is moving in a descending triangle on a 4-hour frame, and the channel has been broken upward, and it is expected to continue rising after testing the trend.
We have a higher stability moving average of 100
We have an RSI trend that is about to break higher
Entry price is 1.81
The first goal is 1.91
The second goal is 2.027
Third goal 2.158
ARB Nears All-Time High! Key Levels to WatchThe cryptocurrency ARB is getting close to its all-time high (ATH) of $2.1514 on the weekly chart! If the price breaks above this resistance level, it could signal further gains for the token. However, if the price can't break through , it could find support at $1.7156, which was the previous ATH.
Technical Analysis:
Resistance: $2.1514
Support: $1.7156 ✅
Relative Strength Index (RSI): 65
Moving Average Convergence Divergence (MACD): Bullish!
Volume Analysis:
The volume of ARB has been steadily increasing over the past few weeks, which is a bullish sign! This suggests that there's strong buying pressure behind the token.
Conclusion:
The technical and volume indicators for ARB are looking good, suggesting that the price could continue to rise in the near future.
The information provided in this article is not intended as financial advice. Please do your own research before making any investment decisions.
ARB after the pullback will go up to the next resistance zone ARB after the pullback will go up to the next resistance zone. The buy zone is around the trendline
🔵Entry Zone 1.8222 - 1.8918
🔴SL 1.6664
🟢TP1 1.9698
🟢TP2 2.1468
🟢TP3 2.2698
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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ARB is about to sweep???I think that we could see the pump today!!!
Are you ready to make some cash???
Personally I took over half my money out of my exchange and am playing with smaller stacks.
If the cycle is over we could be seeing some solid pain. I think most of the cryptos have 1 week remaining in this cycle.
BE SAFE!! TAKE SOME PROFIT!!
NOT FINANCIAL ADVICE!!!
ARBUSDT Bullish SetupBYBIT:ARBUSDT.P appears to have a confirmed break out of the trend line and currently taking support with the successful retest of the fibs we can consider longing it to the black line which is the resistance and if the break out of the black lion occurs and consolidation above the black line happens or a Re-test I will look for further longs for swing trades.
🔥 ARBITRUM Massive Bull-Flag Breaking Out!ARB has been consolidating inside a bull-flag since the start of 2024. With the altcoin market on fire at the moment, I expect ARB to continue the uptrend and break out in the near future.
Targets placed at the current ATH and 3$. This token could see very decent returns in the near future.
ARB target 44h time frame
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ARB creating a potential triangle structure, which is also a continuation structure of the wave from 0.76~2.42. Furthermore, this is the possible 2nd wave of Elliott impulse wave, that perform as a correction for previous pump. Therefore, if ARB go back to the uptrend line of triangle again, there is an opportunity to open long.
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TP: 4
SL: 1.5
Arbitrum | ARB ( Whales buy the dip )The price of Arbitrum is $1.48 today with a 24hour trading volume of 818 million dollar. This represents a 12.50% price increase in the last 24 hours with a circulating supply of 1.3 Billion ARB.
Whales buy the dip! but why ? after Arbitrum started distributing governance tokens to eligible decentralized autonomous organizations, some whales have been adding to their stacks.
Earlier today, one address holding 1.95 million Arbitrum governance tokens, worth roughly $2.7 million, received nearly 200,000 dollar in ARB from Binance at the time, the price of one token was 1.38
Not long before, a second address holding 1.78 million governance tokens ,worth 2.5 million dollar, spent 80 ETH on buying roughly 146,000 worth of ARB at 1.34 dollar per token.
Arbitrum, the leading Layer 2 network on Ethereum, began distributing governance tokens to DAOs earlier this week. Its core team previously designated 1.13% of the overall 10 billion governance token supply, equivalent to 113 million ARB with a current value exceeding 145million, to be distributed among qualifying projects in the Arbitrum ecosystem. he distribution of governance tokens to DAOs is intended to help bootstrap activity on the Arbitrum network. The tokens may be allocated to projects' treasuries or used for other objectives, as determined by the respective DAOs.
Projects receiving governance tokens include Uniswap, Sushi, Aave, GMX, Hop Protocol, Radiant Capital, Balancer, Synapse, MakerDAO, Curve, Layer Zero and 1inch.
next targets are 1.5 and 1.5$
Arbitrum $1.955 ➥ $3.70Arbitrum $1.955 ➥ $3.70
Entry Price: $1.955
Stop Loss: $1.848
First target: $3.70
Second target: $9-$19
Arbitrum is a Layer 2 scaling solution for the Ethereum blockchain that powers fast smart contract transactions while reducing transaction costs. Layer 2 solutions can scale the base Layer 1 blockchain by delegating complex computational tasks, such as transaction processing and data storage to the second chain.
Waiting on breakout for LONG Trade - ARBBINANCE:ARBUSDT (1D CHART) Technical Analysis Update
ARB is currently trading at $1.8838 and showing overall bullish sentiment. Price is playing inside the triangle and tested the support zone multiple times and now its looking to bounce back from the support. This bounce back could break the resistance. We are looking at a LONG trade if the price breaks the resistance line.
Entry level: $ 2.2188 (after candle close above this price)
Stop loss level: $ 1.7284
Target 1: $ 2.395
Target 2: $ 2.624
Target 3: $ 3.024
Target 4: $ 3.6069
Max Leverage: 3x
Don't forget to keep stop loss.
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Should you buy this layer-2 token?Arbitrum stands out as a premier layer-2 scaling solution, witnessing a remarkable surge in its token price, soaring by over 300% from its recent low of $0.5 to $2.4. This surge has captivated the attention of investors, especially amidst the bullish sentiments of 2024. Presently, the token's trajectory indicates a bearish trend, hovering close to its support level of $1.7, which also aligns with the 0.618 Fibonacci retracement level. An anticipated unlocking of $2 billion worth of tokens is slated for March 16, 2024. Following this event, there may be opportunities to acquire the token at levels of $1.5 and $1.2.
$ARB Arbitrum Arb in Symmetrical Triangle Pattern... Up or Down?LSE:ARB Arbitrum price action currently in a Symmetrical Triangle
Current price: $1.82
#arb had a 35% retracement from a height of $2.4
Continuous breakdown will find supports: 1.69, 1.54
Else Expect LSE:ARB to retest previous resistances and even reach all time highs, Resistances: 1.98, 2.1, 2.21, 2.34, then 2.49, 2.64, 2.82, 2.96