Arbitrum
$ARB #arbitrum is looking strong for a new hypeI especially pick #arb 's #eth pair to show the strenght of LSE:ARB
Long time horizontal accumulation and double bottom worked. Now ready to send.
And a reminder: Such as powerful L2 , #arbitrum 's market cap is undervalued.
NOT FINANCIAL ADVICE.
$GRAIL is preparing for mooning..#Grail is #camelotexchange 's native token. Camelot is #Arbitrum 's one of the leading exchange. With #ARB 's moving , GRAIL has started the bull run.
Now , #GRAIL is testing the resistance. I pointed the targets on chart whether price declination or breaking out. Grail' s market cap is extremely low for a leading exchange. I think it' s undervalued. But , beware if LSE:ARB or MIL:BTC dumps , grail will dump faster. Always, DYOR.
NOT FINANCIAL ADVICE.
Gaine in renge (ARB)❤️❤️Thanks for boosting 🚀 and supporting us!
📈Yes we are in big renge so sell in high & buy in low renge.
📊 (Buy) : 1.0438
🔴 Stop Loss : 1.0095
🎯 Take Profit : 1.069 - 1.111 - 1.146
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👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
🔥ARB Hype Wiped Out: Time To Buy and Make 300% Profit?Arbitrum fell by -60% from its highs and liquidated all leverage traders who bought on top. I look for entry point.
The best entry point will be when the price will make a false breakout of the $0.74 key level. But I don't think this will happen. The most expected scenario is when the price just test the green accumulation areas as the support and continue its growth.
💥 the time is coming for this ETH ecosystem altcoin.
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Check the links and get a BONUS🎁 from me👇
Going Long Arbitrum to 1.22+Arb had a technically beautiful pull back right to the 50 percent retracement fib level which also happens to be about where that 50 day SMA is pulling up to lend a helping hand in supporting price here. You can also see that we are in a bullish triangle. Could we drop to the bottom side of that triangle before we exit? Yes, absolutely. But the reason I am entering now is because of what our RSI chart is showing. We are fairly close to hitting that ascending TL once again and everytime we do, there is a nice pump that follows. Quite simply, I just don't want to miss it. So, if we do drop to the bottom of the triangle, I'll hold right through expecting more upside movement to come soon.
This is how I am trading it anyways. You do you.
Arbitrum ($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.
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.
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!
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.
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.
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Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
🔥 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.
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.