ARB ANALYSIS (4H)On the chart, from where we entered "START", we seem to see a correction.
This correction seems to be a diametric.
There was a suitable place for the termination of the F wave on the chart, which we marked with red color.
If the price reaches this range, you can enter a sell/short position.
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
ARBUSD
scalping (ARB)📊Analysis by AhmadArz:
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Arbitrum price maybe in the process of forming "Cup with handle"A lot of ARB tokens were given away for free, there are a lot of holders large and small.
Sooner or later, "the big wallets" will organize a coin pumping, but right now, we wouldn't risk buying ARB in our crypto portfolio.
The trading range of $1-1.30 is another matter: there was a certain "struggle" between buyers and sellers, a certain redistribution of capital took place there, and we would try to buy ARBUSDT for 1-3% of the investment deposit.
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$ARB #Arbitrum preparing for the skies...As i said in my previous ideas, #ARB is heavily undervalued and I say this again. AMEX:ARB must reclaim new highs and ATH. This L2 season will be insane. Op has started the race, now it' s the time for ARB and MATIC / Polygon.
In short time frame, the cup has formed and now the price is forming the handle. If declination does not come from the last week' s top, $Arbitrum price will likely visit the previous All Time High.
NOT FINANCIAL ADVICE.
ARB ShortARB Shifted to the downside by creating CHoCH and BOS with good inducement to trap shorters before mitigating the unmitigated bearish OB above the inducement.............
Wait patiently for the entry to mitigated and a take a short from there......
Follow for more market update and trade setup
ARB looks bullishOn our chart we have ascending CH and BOS. Bullish momentum is good.
We have also had a good Break Out on the chart. A supportive swap zone is formed which is our Buy Zone.
If it pulls back to the green range, you can enter a buy/long position. TPs are clear on the picture.
Fixing a daily candle below the green range 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
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.
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 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 bottom 0.3~0.41D time frame
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ARB performing weak trend since making ATH 1.82 which was hit on 18th April this year. Considering the potential further dump of market, I use 1.13 Fibonacci Expansion to evaluate the appropriate price to buy spot, which range is 0.3~0.4. We could see ARB show this price by December, then it would be a sweet time to accumulate ARB spot before bull.
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.
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.