scalping (ARB)📊Analysis by AhmadArz:
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ARBUSDT
Arb-pumps- Total Market dumpsI have just laid out that when Arb is pumping, more often than not the total market dumps. I have added Solana chart to confirm that it is not happening with Solana at least this time. Also confirming that we no new money, at least not as we had in 2021. I hope this helps, if total3 without stables crosses 375B, it is more likely going to dump further.
Arbitrum One Dominates the L2 Scene Leaving Rivals in the Dust
Arbitrum One has emerged as a frontrunner, achieving a remarkable milestone by surpassing $10 billion in Total Value Locked (TVL). This substantial feat places Arbitrum One ahead of its closest competitor, Optimism, by a staggering $4.6 billion. Additionally, the upcoming project Blast has already generated significant buzz, boasting an impressive TVL of $1 billion, even before its official launch.
The Unprecedented Rise:
Arbitrum One's journey to the $10 billion TVL mark has been nothing short of extraordinary. As a second-layer blockchain solution, it has managed to outpace its rivals and establish itself as a powerhouse within the decentralized finance (DeFi) ecosystem. This achievement not only underscores the platform's growing popularity but also highlights the increasing demand for scalable and efficient blockchain solutions.
Blast: A Project on the Horizon:
One of the most intriguing aspects of the current blockchain landscape is the anticipation surrounding the yet-to-be-launched project, Blast. Despite not having officially debuted, Blast has already accumulated a TVL of $1 billion. This unprecedented level of interest and investment in a pre-launch phase signals a paradigm shift in how investors and enthusiasts approach new blockchain ventures.
Arbitrum Token's Meteoric Rise:
Accompanying Arbitrum One's impressive TVL milestone is the notable surge in the value of the Arbitrum token. Reaching an all-time high price of $1.83, the token experienced a remarkable 60% rally over the past month. This surge in value reflects a growing confidence in the Arbitrum ecosystem and raises questions about the potential long-term impact on the broader cryptocurrency market.
The Power of Second-Layer Solutions:
Arbitrum One's success is not only a testament to its own capabilities but also shines a spotlight on the importance of second-layer solutions in the blockchain space. As scalability issues continue to plague some of the major blockchains, second-layer solutions like Arbitrum One are proving instrumental in addressing these challenges and providing users with faster and more cost-effective transactions.
Arbitrum One's journey to a $10 billion TVL milestone, coupled with the anticipation surrounding the upcoming Blast project and the significant surge in the Arbitrum token's value, paints a compelling picture of a blockchain platform on the rise. As the ecosystem continues to evolve, the success of Arbitrum One underscores the demand for scalable and efficient solutions, solidifying its position as a key player in the future of decentralized finance.
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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ARBUSDT LongBINANCE:ARBUSDT
The emergence of a bullish trend in the ETH market has led me to anticipate noteworthy growth in ARB. This expectation is grounded on the technical analysis of ARB's recent trend, which exhibits a departure from its bearish trajectory, coupled with a fundamentally optimistic outlook. It follows that, within the foreseeable future, the price of ARB is expected to ascend to specific levels.
$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/USDT Break out the pattern, Ready for continue upward move??💎 ARB has recently become a focal point in the market, having achieved a breakout from a bullish pattern. It's now facing the critical phase of challenging the resistance trendline. For ARB to maintain its upward momentum, a strong bounce from this level is essential, with our next target being a significant resistance area.
💎 However, if ARB fails to demonstrate a rebound from this level, it might indicate a false breakout, potentially leading to a reversal in its trajectory. Under such circumstances, ARB could see a downward movement, heading back towards the Bullish OB area.
💎 The Bullish OB area is a pivotal zone for ARB. A robust bounce in this area is crucial as failing to hold this level could confirm a bearish turn in ARB's movement. If this breakdown occurs, it's likely that ARB might revisit the key support area, marking a significant shift in its market trend.
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
Brief Analysis——ARBIn yesterday's analysis, we talked about the development advantages of Layer 2 and Optimism. Today we look at the current situation of Arbitrum, another Layer 2 leader, and ARB token.
When it comes to ARB, you can always think of the airdrop when Arbitrum logged into the mainnet in March this year. Many airdrop hunters have accumulated huge wealth through ARB. However, a large number of airdrops also suppressed the rise of ARB. Unlike Optimism, Arbitrum did not have whitelist restrictions on projects in the early period, making many native projects such as GMX and Radiant highly innovative and closer to C-end users. This can also be proven by the activity STIP launched by Arbitrum not long ago.
Before the launch of Op Stack, we believed that OP and ARB were highly comparable. But precisely because of the huge amount of airdrops, ARB encountered strong resistance. A good airdrop hunter is not necessarily a good investor. But after the launch of OP Stack, Arbitrum really fell behind Optimism. But it still has advantages compared to other blockchains. Its TVL currently ranks fourth among all block-chains, and its 24h volume ranks third. Stay ahead of the curve when it comes to user experience.
Back to technical analysis. Both Layer 2 and ETH experienced gains last weekend. However, ARB did not break above April's high. And after the long green candle, there is a long period of fluctuation. This is a classic follower characteristic. We use three green ranges to distinguish different phase of ARB's rise. Whales were primarily involved in the second phase of the rise. The rise in the first and second phase is not obvious, but more like a wide range of fluctuations. Later, driven by the market, ARB began to rise in the third period, forming a major increase. During the rise, there were no whales. But during the subsequent fluctuations, we can see a significant increase in whales, which may be a sign of whales taking profits. Then ARB had a long upper pin-bar yesterday, and the bullish trend may be ended.
Switching to the 4h level, we can see that in the last wave of rise, there were not many blue bars representing whales. What followed was one-day-decline. Price are now near previous highs and a rebound is possible, but the uptrend may be coming to an end.
In summary, we believe that ARB has innovation and excellent customer experience, and is a token worth paying attention to. However, due to the large number of airdrops in the past, there may be a lot of trouble before breaking ATH. In the short term, destructive candles have appeared, followed by a period of correction or shock.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Arbitrum ($ARB) Upward Trajectory Could Continue
For most of November and December, Arbitrum fluctuated in a narrow range between $1.0 and $1.2. The asset witnessed a rapid 44% increase starting December 22, reaching a new local high at $1.66.
Currently, Arbitrum oscillates between a support zone of $1.45-$1.51 and a resistance range of $1.61-$1.67. If BTC remains around the $43,000 mark, ARB's upward trajectory could continue, potentially challenging the resistance level at $1.7 and nearing its all-time high of $1.81.
A correction, though currently seeming less likely, could be triggered if Bitcoin declines, with key support levels at $1.39 and a range between $1.24-$1.32 possibly halting the downturn.
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
ARB NEW INCREASE VOLUMEThank you for reading this update.
Depending on our study we see that ARB has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
$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.
ArbusdtFinally broke range
And busted straight to the about fib extension, IF we can break and hold above ~1.44 we can start to look at the aths and price discovery
Its sitting just below the resistance here, consolidation below would be bullish, breaking above would be bullish, basically everything except a break below 1.15 or a severe rejection at this 1.44 area and this stays macro bullish for a while...