Arbitrum
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.
Fake break in CahnnelBy entering the support zone, you can witness a 20% rise
entry : 0.8106
Stoploss: 0.7788
TP1:0.8529
TP2:0.8973
TP3:0.9416
TP4:0.9898
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 $1.0619 will be my take profit areas to consider.
On the other hand, I plotted a diagonal trendline support, when a massive sell confirms potentially could lead to reversal.
Also, consider the MACD indicator in a 4-hour timeframe if MACD crosses along with weakening of the buying pressure that could lead to a reversal.
BULL or BEAR: Still BULLISH considering market on a consolidation phase from the massive pump that happened days ago. Let's give the market the time to recover :)
I'll give time to update the movement for this coin. Overall, scalp if you want to trade this coin and wait for those scenarios that I mentioned for intraday trade.
Follow me on this platform for more market pattern ideas like this. I appreciate the support.
Always PLAN your trades and happy trading!
ARBITRUM Long term plan #NFAARB/USDT HTF or long TERM full plan based upon monthly & weekly time frame #NFA #DYOR
ARB/USDT A Bullish Breakout on the Horizon? 👀 🚀 💎 Paradisers, ARBUSDT is on the cusp of a significant move, flirting with a resistance breakout that could pave the way for a bullish trajectory.
💎 Our observations have consistently shown Arbitrum adherence to a descending trendline, which it has now surpassed, indicating a bullish trend. Currently, it's challenging a resistance level at 1.0888, and a successful breach could lead to a surge towards higher resistance zones. The price's position above the EMA55 further bolsters the potential for an upward push.
💎 However, should ARBUSDT face a strong rejection at the 1.0888 mark, we might see it retreat to a support level at 0.8798 for a bullish resurgence.
💎 On the flip side, slipping below this support level could trigger a notable downtrend. Stay vigilant and ready to capitalize on the forthcoming market movements.
long ARBAMEX:ARB broke through the descending trendline. Bullish movement to resistance level at 1.05$ is expected to happen
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.
🔥 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.
ARB Trade Idea ft. HarmonicsIt bounced from the demand zone and holding well.
Rsi is also in oversold region.
TP: Green Levels.
Sl: Use accordingly
NFA DYOR
ARB has reached the point of considering buyingARB has reached the point of considering buying.
After pumping 30% around the end of September
ARB has returned to the market price level to start pumping.
At this price, we have an opportunity to consider buying.
At the price level of 0.8, there was quite a strong reaction from the bulls.
Now we just need to wait for a short profit-taking session of buyers below 0.8 to buy.
Arbitrum ARB longLong Arbitrum!
It looks like ARB are on a move upwards. I see a potential 30-50% profit trade.
You can either wait for ARB to break the long downward trend (and buy the retest) or start buying at 0.85 (trendline/support ).
The risk/reward looks good, even with a solid stop loss.
For me this is a good spot trade - no leverage - no financial advice!
Plan for ARBLooks like ARB has found its bottom,
And here is the AMEX:ARB sailing plan for you when the arb is adjusting.
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!
🔥 Arbitrum Approaching Key Resistance: Bears Are Ready!ARB has been trading inside this bearish channel for a couple of months now. I'm expecting the top resistance to hold yet again, making it a great area for a potential short entry.
Ideally, we wait for the RSI to be overbought on the daily and make an entry around the key area of 1$.
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.
$ARB SHORTBINANCE:ARBUSDT losing momentum here. Flipping every support into resistance. The key point here is the breakdown from the diagonal that provided support during this uptrend. Looking for a double bottom at the 0.76 area.
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!
One more low for me to take a position on ARBUSDIt looks like ARB is following a descending channel pattern right now. This pattern is formed by connecting the lower highs and lower lows of its price using parallel lines, showing that it's on a downward trend. From what I've observed, I believe that ARB's price might touch the bottom of this descending channel before it starts moving upward towards new highs.
ARB update...AMEX:ARB update...
I'm starting to collect #ARB here, starting small... If #BTC remains low volatility, some #altcoins that are ready should bump... This is a phase of patience... No fomo, #trade slowly...
#trading #arbitrum #ArbitrumDAO #altcoins
ARB long-term chart ($140 possible next bullrun)ARB long-term chart ($140 possible next bullrun).
Other targets listed.
ARB will be the next big thing. It will perform like Solana, Eos, etc. did during the last bull run.
One more major crash is possible before bullsumption.
long ARBAMEX:ARB broke through the resistance level. Bullish movement to $1.04 is expected to happen.
