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Arbitrum

Arbitrum ($ARB) Experiencing Gradual Increase In contrast to several altcoins that have witnessed rapid price surges, ARB has been experiencing a more gradual increase. Since October 16, ARB has grown by 45%, yet it hasn't broken past its annual high of $1.82, indicating potential room for further growth. Arbitrum is currently in a consolidation phase, hovering between the support range of $1.00-$1.04 and a resistance band of $1.12-$1.16. If it successfully breaches this resistance, the ARB price might test higher levels in the $1.19-$1.23 range and approach its local high near $1.3. It's important to note that any downward correction in Bitcoin's price could have a negative impact on ARB. In such an event, the token might slide below the key psychological level of $1, potentially exploring lower levels around $0.95 and $0.90.
COINBASE:ARBUSDLong
by DEXWireNews
ARB/USDT Ready for an Explosive Journey? ARB Daily Analysis💎Yello, Paradisers take note as ARBUSDT displays a striking scenario at its resistance point, indicating a potential bullish departure from the Bullish Order Block (OB). 💎Arbitrum has recently pierced through its descending trendline, suggesting a climb is underway. It's currently facing a challenge at the 1.2624 resistance, yet the prospects for a bullish push originating from the Bullish OB are promising. 💎An additional bullish sign is ARBUSDT's sustained strength above the EMA100, adding weight to the optimistic scenario. 💎Nonetheless, traders should remain alert: a fall beneath the 0.940 level may signal a shift to bearish territory. Keep a close watch and strategize with prudence. 💎Refine your trading decisions for ARB with ParadiseFamilyVIP. Delve into our expert analyses on ARB and other potential tokens, refining your crypto approach.
Long
by MyCryptoParadise_Simon
ARBITRUM DOUBLE BOTTOMThis article is pure technical analysis. BINANCE:ARBUSDT is showing a double bottom pattern, indicating a potential bullish movement. But first, pay attention to its past price movement that led to a bullish movement of the coin, ARB had a multi-month trendline breakout. Through this trendline below there were multiple instances of resistance (highlighted in red) from the all-time high. As of this writing, the neckline is still showing its firmness as the price attempts to breakout after hitting it momentarily. This firmness is presented on this chart below through back testing procedure wherein we see instances of it being most as resistance line and support at times. For an intraday perspective, we have to wait for a confirmation for either breakout or breakdown plays. If a breakdown happens, I plotted some trendlines for a possible take profit areas by using basic support and resistance with backtesting. $1.0121 and $1.0619 will be my take profit areas to consider. On the other hand, I plotted a diagonal trendline support, when a massive sell confirms potentially could lead to reversal. Also, consider the MACD indicator in a 4-hour timeframe if MACD crosses along with weakening of the buying pressure that could lead to a reversal. BULL or BEAR: Still BULLISH considering market on a consolidation phase from the massive pump that happened days ago. Let's give the market the time to recover :) I'll give time to update the movement for this coin. Overall, scalp if you want to trade this coin and wait for those scenarios that I mentioned for intraday trade. Follow me on this platform for more market pattern ideas like this. I appreciate the support. Always PLAN your trades and happy trading!
Long
by luigi360swirl
ARB/USDT A Bullish Breakout on the Horizon? 👀 🚀 💎 Paradisers, ARBUSDT is on the cusp of a significant move, flirting with a resistance breakout that could pave the way for a bullish trajectory. 💎 Our observations have consistently shown Arbitrum adherence to a descending trendline, which it has now surpassed, indicating a bullish trend. Currently, it's challenging a resistance level at 1.0888, and a successful breach could lead to a surge towards higher resistance zones. The price's position above the EMA55 further bolsters the potential for an upward push. 💎 However, should ARBUSDT face a strong rejection at the 1.0888 mark, we might see it retreat to a support level at 0.8798 for a bullish resurgence. 💎 On the flip side, slipping below this support level could trigger a notable downtrend. Stay vigilant and ready to capitalize on the forthcoming market movements.
Long
by MyCryptoParadise
ARBITRUM MAJOR BREAKOUT INCOMING!! Lets take a moment to look at this beautiful chart and see the opportunity that lies in front of us. I can see a major breakout incoming with this project. People need to realize that this has one of the most active networks in the entire crypto ecosystem. #2 to be exact behind ETH. Once this project start to pump, it will really pump. Personally I will be DCA-ing this project leading up to the next bull run. If all goes as planned, I will be a happy camper. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
Long
by Navitility
🔥 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