ARBUSDT is about To do a Bullish movement!🤑The ARBUSDT is in a Bullish phase by a Falling Wedge Pattern.
-A BIG falling wedge indicates the potential for price to reach ATH.
⭐ Note if the Wedge Pattern is broken downwards with the strength of Bearish candles , this analysis of ours will be failed.
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ARBUSD
ARBUSDTThe overall situation of BINANCE:ARBUSDT can be described as follows:
A descending channel has formed, which confirms with multiple price bounces off the lower channel line. It is likely that the price will soon reach $1.40 from $1.16 and validate the hypothesis of the descending channel, shaping it further.
At the price of $1.40, we are witnessing a resistance line, and it doesn't seem likely that the market will be able to break through this resistance under the current conditions.
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In at 1.1291.
Initial Elliottwave count and idea got blown up.
Had a plan B idea in the vid on it.
After being stopped, I cried, then watched how the PA played after the sweep.
Swift move up, corrective move to Algo zone.
Classic tradedevils setup played out.
Possibly a wee little W5 to pop the last pivot then maybe a turn, but I think 1.29 is the level to watch. Breaking below 1.1774 is sus.
My internal count idea, atm.
Cheers!
ARB Arbitrum Bullish Trendline ARB is currently displaying a bullish trend continuation pattern, indicating the potential for further upward movement in the near term. The price action suggests ongoing buying pressure and positive market sentiment, signaling the possibility of continued price appreciation.
Considering the bullish trend continuation, it is reasonable to set a price target of $1.20 for ARB. This target represents the projected upside that could be achieved if the bullish trend persists.
Looking forward to read your opinion about it!
Arbitrum ARBUSDT Price Analysis (12h)Upon careful analysis, it is evident that ARBUSDT is displaying the formation of inverted head and shoulders pattern. This pattern consists of three distinct parts: the left shoulder, the head, and the right shoulder. The neckline, which acts as a crucial level of support or resistance, connects the lows of the pattern.
Rebound Potential:
Based on the formation of the inverted head and shoulders pattern, we can anticipate another rebound in the price of ARBUSDT. The pattern indicates that the price may closely approach the $1.07 support zone before making its way up. This rebound could potentially lead ARBUSDT towards the $1.25-1.50 zone, which aligns with significant resistance levels observed in late April.
Supporting Factors:
Several factors further support the likelihood of a rebound in ARBUSDT. Firstly, the formation of an inverted head and shoulders pattern is considered a reliable bullish reversal pattern in technical analysis. Secondly, the convergence of the support zone and the historical resistance levels adds strength to the potential upward movement.
Arbitrum ARB price near the critical point, where to next?The price of ARBUSDT has reached a critical point: the crossing of the local trend line and the beginning of a strong liquidity zone.
In the price range of $1.12-1.27, longs have been taken twice in recent months with the hope of a strong "hype" growth in the price of Arbitrum, but it did not work out.
So we assume that it will not be possible to break above $1.27 at the first time, as many ARB holders will sell their investments at "break-even", as human psychology is so organized.
On the other hand, a lot of ARBs were distributed to cryptocurrency community members "for free," so why sell them, let them stay in the investment portfolio, maybe they will grow someday)
After the ARBUSD price stabilizes above $1.27, you can try to take a long +20% to $1.55
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ARBUSDT - Expecting Massive Up move!!ARBUSDT (4h Chart) Technical analysis
ARBUSDT (4h Chart) Currently trading at $1.045
Buy level: Above $1.04
Stop loss: Below $0.96
TP1: $1.1
TP2: $1.15
TP3: $1.2
TP4: $1.28
Max Leverage 3x
Always keep Stop loss
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Arbitrum to test $0.83-$0.95 area before testing ATHIt is too early to tell because the ARB token was just airdropped. But looking at the chart, an inverse cup and handle just formed that will send ARB towards $0.83-$0.95 area before testing ATH, But Hey! the only thing that can stop this is the current massive printing that Tether is doing, which can send some bullish waves towards small coins.
What is your opinion?
arb analysis (4h)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the ARB symbol.
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
ARBUSDT may head for weekly resistance at 1.34-1.36Here are the supports and resistances marked on the chart for this pair. The price is trading between weekly support WS1 and weekly resistance WR1. And recently the price was pushed down by daily resistance DR1 and found support from 4h support 4HS1 and both of these resistance and support are between WS1 and WR1. From the direction point of view, it seems the price wants to retest the daily resistance again. And it is likely to break that this time in order to move further to weekly resistance WR1. But lets watch how the price reacts when it reaches daily resistance again.
ARB NEW UPDATEHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ARB symbol.
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
ARBUSDT Long Setup!!ARBUSDT (4h Chart) Technical analysis
ARBUSDT (4h Chart) Currently trading at $1.24
Buy level: Above $1.23
Stop loss: Below $1.145
TP1: $1.33
TP2: $1.4
TP3: $1.5
TP4: $1.6
Max Leverage 3x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
ARB IS BEARISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ARB symbol.
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