ARB/USDT Trading ScenarioWe are considering a scenario of price movement for ARB.
Currently, the asset is within a price range that attracts active market participants' interest. This interest is confirmed by the analysis of the volume profile and increased activity on the vertical histogram.
The asset's price is currently below the resistance level at $1.2746, which is above the point of control at the price level of $1.1439, acting as support.
We can expect a continuation of the upward movement upon overcoming the resistance level at the price of $1.2746 and consolidating above it. The next significant point may be the overcoming of the 200-day moving average, above which the resistance level is at the price of $1.6051.
ARBUSDT
ARBUSDT Elliott Waves Analysis (Local Setup)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity.
Everything on the chart.
Entry: Market and lower
Targets: 1.3 - 1.45 - 1.6
after first target reached move ur stop to breakeven
Stop: 0.95 (depending of ur risk).
ALWAYS follow ur RM
risk is justified
Good luck everyone!
It's not financial advice.
DYOR!
Arb local swing trade ideaARB followed Ethereum and pumped around 25%! Rumours now around EthereumETF can push the prices to new ath for many coins. BINANCE:ARBUSDT
Possible Targets and explanation idea
➡️Weekly timeframe, after listing still relevant fib. IAP model
➡️We come back and close W October 2023 Fvg in May 2024
➡️Based on my money power indicator you can see periods where whales inflow money
➡️Local swing trade target its a new ath around 200% everything what above -open space
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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"ARB" RBI came out!!!Hello! friends, How have you been?
I brought a VERY attractive chart for you today.
It's the ARBUSDT chart that can reverse the long bearish. If you take a position, It can better attractive position as the RR.
■It is being adjusted after breaking the big downtrend line.
■ Adjustment value is 0.786 (very stable)
■it is being Retested of bullish.
■The horizontal resistance line just above the overlaps with zone as a very having heavy buttocks zone.
ARBUSDT.1DUpon examining the ARB/USDT daily chart, several key technical indicators and levels emerge that help forecast potential price movements.
Trend and Resistance Analysis:
The price has experienced a significant decline from its high of around 2.4250 USD. Currently, it is trading at approximately 0.9749 USD. The price has been following a downward sloping trend line, labeled as R1, indicating persistent bearish sentiment. There are two major resistance levels to watch: R1 at around 1.3914 USD and R2 at approximately 1.3914 USD. The first resistance level (R1) has been tested multiple times but has held firm, preventing any upward breakout.
Support Levels:
There are clear support zones identified on the chart. The primary support level, labeled S1, is around 0.5000 USD. This level has been tested before and has shown considerable buying interest, suggesting it could act as a strong floor for future price declines.
RSI and MACD Indicators:
The Relative Strength Index (RSI) is currently at 36.59, indicating that the asset is nearing oversold territory. Historically, this suggests that a reversal could be imminent, as the selling pressure may soon exhaust itself. The Moving Average Convergence Divergence (MACD) indicator shows a bearish trend with the MACD line (blue) below the signal line (orange)
, though the histogram indicates a potential weakening of the bearish momentum.
Volume Analysis:
There is a noticeable volume pattern where the price dips are accompanied by significant trading volume, which typically suggests strong market reactions to the price movements.
Conclusion:
In conclusion, the ARB/USDT pair is currently in a bearish trend but is approaching key support levels that might offer a reversal opportunity. The RSI indicates a potential oversold condition, which, coupled with weakening bearish momentum in the MACD, suggests that the price may stabilize or attempt a minor rally towards the first resistance level (R1). Traders should watch for a break above the R1 trend line to confirm any bullish reversal. Conversely, a failure to hold the S1 support could lead to further declines.
Overall, the market sentiment remains cautious, and close attention to the aforementioned levels and indicators is crucial for making informed trading decisions.
ARBUSDT.1DThe daily chart for ARB/USDT provides a clear view of its current technical setup, which can help us understand the potential future movements.
Key Resistance and Support Levels:
Resistance 1 (R1): Not specified, but closer analysis suggests it's near where recent peaks have been formed.
Resistance 2 (R2): $1.3914 - This level is above the current trading range, marking a significant target for bullish momentum.
Support 1 (S1): $0.7712 - Acts as the primary support level where the price could potentially find buying interest if it dips to this range.
Technical Indicators:
Relative Strength Index (RSI): Currently at 35.11, which is below the neutral 50 mark, indicating bearish momentum. The RSI is nearing the oversold territory, suggesting potential for a reversal if it goes below 30.
Moving Average Convergence Divergence (MACD): The MACD line is below the signal line, indicating bearish momentum. However, the histogram is near zero, suggesting that the downward momentum is not particularly strong.
Trend Analysis:
The price has been in a downward trend, indicated by lower highs and lower lows. The current setup shows the price near a descending trend line or resistance level, which could act as a key area for reversal if broken above.
Conclusion:
Given the current technical analysis of ARB/USDT, the market seems to be in a bearish phase with a potential for reversal highlighted by the near oversold RSI condition. Traders might consider looking for buy opportunities near $0.7712, which could act as a robust support level, especially if the RSI moves into the oversold territory and starts to curve upwards.
For those looking at potential sells or waiting for a confirmation of trend continuation, a decisive break below $0.7712 could open the path towards lower prices, potentially towards newer lows not defined on the current chart.
Investors should remain cautious and watch for any changes in the MACD and RSI for early signals of a trend reversal or continuation. Setting stop-loss orders just below the support levels and taking profit near resistance levels can help manage risks effectively in this volatile setup.
#ARBUSDT.P #Analysis & #LongSetup #Eddy#ARBUSDT.P #Analysis & #LongSetup #Eddy
For example, in an altcoin"Arbitrum", I have provided you with proper analysis & long setup so that you are aware of the general movements of the market and other altcoins & don't rush to buy, the structure is not complete.
((This analysis was based on the liquidity structure and its combination with other styles, including : PA,RTM,ICT,VT,Lvl2+3,DOW,Wyckoff,...))
>> The possibility of growth and explosion of altcoins is very high & they can see much higher targets.
Be sure to visit Bitcoin analysis update :
📈🔄 ARB Trading Opportunity 💡📉Current Situation:
ARB's price is currently testing a support level, offering a potential entry point for a long trade opportunity.
Trade Setup:
Entry: Long trade between $0.90 - $1.00.
Take Profit: Target $1.28 - $1.40 and next resistance at $1.60 - $1.75.
Stop Loss: Just below $0.8550 to manage risk.
📊🚀 Monitor ARB's price action for trade execution! #ARBTrading #CryptoAnalysis 🌐💰
Trade Idea for Arbitrum (ARB) - Accumulation StrategyArbitrum (ARB) is currently trading at approximately $1.20, with recent fluctuations between $1.06 and $1.20 over the past week. The 24-hour trading volume is notably high, around $694.90 million, which underscores significant market activity. With a market capitalization of about $3.19 billion, ARB is a major player in the Layer-2 scaling solutions for Ethereum, aimed at reducing fees and transaction times (Binance) (CoinGecko).
Consider buying ARB at the current market price of $1.20. Given the current market conditions and Arbitrum’s role in enhancing Ethereum's scalability, this price provides an entry into a significant blockchain infrastructure component.
If the price drops to $1.00 or further to $0.80, these levels should be considered as additional buying opportunities. This strategy allows for averaging down the entry price while increasing exposure to ARB during price dips.
Set a conservative sell target around $1.40, $1.60, $2.00, $2.20, which is slightly above the recent price fluctuations. Further targets could be adjusted based on ongoing market developments and Arbitrum’s performance in the broader crypto ecosystem.
As a Layer-2 solution, Arbitrum directly addresses the high cost and slow transaction times of Ethereum by aggregating transactions in batches. This technical utility is crucial as Ethereum continues to be the backbone of various decentralized applications. The recent trading volume and price stability indicate a robust trading interest and potentially undervalued position given its technological proposition.
This strategy indicates a readiness to hold through potential volatility, suitable for investors with a higher risk tolerance and a long-term perspective on their investment in blockchain technology infrastructures.
Investing in ARB aligns with a strategic stake in Ethereum's scaling solutions, which are pivotal as the blockchain space evolves. The phased buying approach mitigates risks associated with price volatility and capitalizes on potential upswings prompted by broader adoption or technological milestones.
This trade idea is based on the current market dynamics and Arbitrum's strategic role within the Ethereum ecosystem as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice
#ARB/USDT#ARB
The price is moving in a bearish channel pattern on the 4-hour frame and sticking to it well
The price rebounded well from the lower border of the channel at the green support level 0.9500
We have a tendency to stabilize above the Moving Average 100
We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher
Entry price is 1.00
The first goal is 1.08
Second goal 1.17
Third goal 1.28
Arbitrum ARB price suspends its fallTo be honest, I don't really understand why "crypto people" expect some kind of miracle from ARB ?
🤷 The effect of "it's a pity to throw it away - let it be" probably works more here.
So explain to me who should buy #Arbitrum so that its price goes up by super X?
If there are a bunch of "Homunculus loxodontus" who were given AMEX:ARB for billions of dollars just like that, and they are sitting and waiting to sell "very expensive" and do not plan to buy #ARBUSDT anymore...
But the laws of economics work a little differently...
So, if you look at the ARBUSDT chart, if everything goes well, the ARB price should not fall below $0.90
🚀 The targets for the ARB price growth are shown schematically on the chart.
We don't believe in a sharp rise in the #ARBUSD price, it's too heavy a coin.
However, a x2-x3 increase during 2024 is quite realistic.
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Arb coin full analysisArb coin is in hype because of its fundamentals from last few weeks and days. If we look at its chart then its giving a solid price action. Which means a lot of volume is being trade in this coin. I have seen that it has done CHoCH mean structure shifted from bearish side to bullish on 4h time frame. Now we will look for longs is marked poi if we see any bullish confirmation. My enry is below the sell side liquidity.
What are your thoughts?
ARB/USDT Preparing for a Bullish Reversal From a Key Support? 🚀💎Paradisers, let's explore the latest developments in the #ARBUSDT market, where some intriguing trends are unfolding.
💎Currently, #ARB is challenging the resistance in a descending channel. If it manages to break through, it could indicate a bullish reversal, potentially setting the stage to re-test the key resistance zone mentioned earlier.
💎However, if #Arbitrum fails to clear this resistance and is rejected, it could mean a downward shift, possibly sending the price back to the weekly OB (Order Block) area to regain upward momentum.
💎The weekly OB area is crucial for $ARB. If the price stays within this zone, it could offer a great buying opportunity, with a potential bounce leading to bullish gains. But if #ARB breaks below this level, it might signal a deeper downward trend.
💎Stay sharp and be prepared to adjust your strategy as we keep a close watch on the #ARB market dynamics.
ARB Up To 26% ?!ARB has broken through the 1.16 level and is expected to find support in this area. After receiving support at this level, we can anticipate a move towards higher numbers with a potential breakout of the higher resistance at 1.236 (a breakout would be confirmed by a 4-hour candle closing above this price). The first target for this move would be 1.395, followed by a second target of 1.570, for a total R/R of 3.9.
Key Points:
Support: 1.16
Resistance: 1.236
Target 1: 1.395
Target 2: 1.570
R/R: 3.9
Please note that this is not financial advice, and past performance does not guarantee future results.