ARBIUSD trade ideas
Arbitrum: Powering the Future of DeFiArbitrum is a layer-2 scaling solution for Ethereum, designed to significantly increase transaction speed and reduce fees. By leveraging advanced technology, Arbitrum enables developers to build high-performance decentralized applications (dApps) without compromising security.
Why Arbitrum?
Enhanced Scalability : Process more transactions per second, leading to faster and cheaper interactions.
Improved User Experience: Smoother and more efficient dApp usage.
Lower Fees : Reduced transaction costs, making DeFi accessible to a wider audience.
As the demand for scalable and efficient blockchain solutions grows, Arbitrum's potential to become a cornerstone of the decentralized finance ecosystem is immense.
Arbitrum set to goldencross on next daily candle; invh&s in playWe can see after triggering the breakout of the smaller inverse head and shoulders and blowing past that target arbitrum has reached the perfect level that will cause this new inverse head and shoulders to materialize by correcting here and forming a right shoulder. We can also see that Arbitrum is just 1 day away from having it’s daily golden cross and considering many inverse head and boulder patterns in the altcoin market lately have been forming remarkably tiny right shoulders, Arbitrum also could follow suit and break up from the inverse head and shoulder neckline far sooner than you would normally ever expect these kind of patterns to do so. Also a chance it could form a normal shoulder here as well we wll know soon enough *not financial advice*
ARBUSDT100% increase with a target of $2
After several months of decline and increase in digital currencies, this currency is now ready to grow 100% due to strong fundamentals.
Sasha Charkhchian
Which elevator are we taking? ARB finally broke above 1$. With ETH breaking out of the short-term downtrend channel (check my previous post) this ETH-based layer 2 can see some strong gains as long as ETH keeps on moving up. Stronger resistance possible at around 1.4, which would already be a strong move up. If that doesn't stop the price then 2$ and 100% profits may be in sight sooner rather than later!
Arbitrum back to a DollarA distinct W pattern has emerged, leading to a breakout that has been both triggered and retested at the breakout level.
Here are the target levels for this straightforward technical setup for your enjoyment!
ARBIUSD Breaks $0.70 Resistance – Next Stop $1.19?
ARBIUSD is exhibiting strong bullish momentum, characterized by higher highs and higher lows. A recent Change of Character (CHoCH) confirms the shift to an uptrend, as the price has broken the previous resistance at $0.70 and is now trading above the EMA Ribbon, which aligns with the bullish movement.
The price may retrace to $0.70 , a key level within the 50%-61.8% Fibonacci retracement of the latest impulse. This area presents an ideal entry point for buyers, as it aligns with the bullish EMA Ribbon acting as dynamic support.
If the bullish trend continues, and the price rebounds above the EMA Ribbon or from the $0.70 level, the next significant target is projected at $1.19 . This level represents the next resistance zone, marking a potential upside continuation.
The TSI indicator supports the bullish outlook, showing a previous bullish divergence followed by a breakout above the zero level and its moving average, signaling upward momentum. Furthermore, the Signal Builder has recently confirmed bullish signals in alignment with these factors.
👨🏻💻💭 Are you taking advantage of this bullish breakout? Share your thoughts below!
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Arbitrum hits full inverse H&S breakout targetWouldn’t surprise me if it started forming a right shoulder for another inverse head and shoulders patter at this range. It s essentially dong the same thing Optimism is doing today, which makes sense they’d have similar price action/patterns because both have been selected for Blackrock’s BUIDL. *not financial advice*
ArbitrumSome similarities with earlier fractals.
Prints a massive bullish flag (EW structure looks as a flat with the diagonal in wC)
Looking for a nice bull run
ARBUSDT 4H - BUY and HOLDARBUSDT 4H - BUY and HOLD
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ARBUSDT 4H - BUY and HOLD
ARBITRUM is the token of one of the most important L2 of ETHEREUM on par with POLYGON.
At this moment and after having suffered a severe correction in its prices, it is creating a BULLISH CHANNEL with a HIGHER MINIMUM and HIGHER MAXIMUM. Right now it is at the base of the bullish channel with clear objectives of 0.82 if it breaks the ceiling.
If this is not a good time to BUY ARBITRUM, it will never be.
LEVELS:
SL: 0.495
TP1: 0.82
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I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, educate yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
easy falling wedge set up for longthis falling wedge pattern is always a great sign. I tend to use it almost exclusively due to how strong they are. seems arb is setting up for a reversal based on rsi and how its comming to the end of the wedge pattern. while better trades may exist this doesnt seem too bad for a 100% gain. not sure if i want to trade it but other may enjoy the info.
Arbitrum (ARB) Chart Analysis & Potential Trade Setup It's time for some more chart analysis! Today, I take a closer look at Arbitrum and try to find out if the token offers a promising trade setup. Let's dive in 👇
1️⃣ Current Chart Situation
• Arbitrum (ARB) broke out of its long-term downtrend in early September after forming a double bottom at ~$0.48.
• While technically out of the downtrend, two critical elements are still missing: a more robust pump and significant volume increase. This makes it hard to call it a confirmed breakout just yet.
• Moreover, the volume has been declining throughout the entire downtrend. Unfortunately, we haven’t seen a decisive reversal in this trend.
• ARB is currently battling the $0.60 resistance level, which has been rejected so far.
2️⃣ Trade Setup
If ARB breaks above the $0.60 resistance, a potential long entry could be in play, targeting a move above $0.80. However, I’m cautious about entering without a solid volume confirmation.
So, here’s how I would approach this trade:
• Entry: After a daily close above $0.62, but ONLY if the breakout is accompanied by high volume.
• Stop Loss: Around $0.58 to manage risk.
• Target: $0.82, offering a profit potential of ~34%.
• Risk/Reward Ratio: Over 6, making this a solid trade if volume supports it.
❌ Without the volume confirmation, the risk remains too high, and I would not consider entering. Always prioritize risk management!
ARBITRUM: SIGNS OF A BOTTOMLooking at potential of a bottoming pattern for ARB. A breakthrough of the red zone then a successful retest would make me more confident that a bottom is in. MACD on the weekly also curling up and about to cross the signal line.
ARBUSTDnalysis of ARBUSTD Using Elliott Wave Theory and Rising Wedge Pattern
Today, I conducted a detailed analysis of ARBUSTD using Elliott Wave Theory and identified a rising wedge pattern on the chart. The following observations were made as a result of this analysis:
Bullish pennantPossible bullish pennant on 30 minute chart, Im seeing good rejection along the .780 area, target price would be in the .819 range. However if price fails to reject the .819 range, I see it going down to find support at the .762 range
ARB - Great Recovery ARB has showed slight deviation below the key $0.74 level, but is currently showing a strong recovery to reclaim that level. The other thing I want to point out is on the weekly timeframe the strength index is bouncing exactly off oversold levels. A few months from now we could look at this signal as the best time to accumulate.
ARB (Last Dip Before the Bullish Move)The bearish trend of Arbitrum is coming to an end.
A last dip around $0.6 : $0.7 is likely before the bullish move starts.
We'll decide if the bullish move is corrective or impulsive during it.
No clear invalidation so managing the risk is a must.
ARB - Bottom is inHere based on our calculations we can conclude that there is a 93.8% chance that Arbitrum has found its low and these prices will not be revisited until the next bear market.
If you take a look at the Coinbase chart, some institution or entity is heavily defending the $0.74 level.
This level was first established as ARB's low on SEP 11 2023 (this was where most altcoins bottomed before the first phase of this bull market).
Then we saw another liquidity grab at that level on June 18, 2024.
And another perfect bounce on June 24, 2024.
This has formed an incredible TRIPLE BOTTOM pattern that could very well establish the bottom is in.
Bulls are accumulating here, are you?
ARBUSDT 1D: IT'S TIME TO FLYARBUSDT 1D in BUY zone
At this time ARB has already touched the support zone at 0.74. From this level, it skyrocketed at the end of 2023.
If it holds this support and crosses the red downtrend line, we will see ARB fly again :)
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ES HORA DE VOLAR
ARBUSDT 1D en zona de COMPRA
En estos momentos ARB ya ha tocado la zona de soporte en 0,74. Desde este nivel, subió como la espuma a finales de 2023.
Si mantiene este soportey cruza la línea roja de tendencia bajista, veremos como ARB vuelve a volar :)
Arbitrum Analysis | Consolidation with a Bearish BiasCurrent Chart Analysis: The daily chart of ARB continues to show a steady downtrend within a broad range. This pattern reflects sustained selling pressure and dominant bearish sentiment in the market. The price is approaching a significant support level around $0.76 - $0.74, historically serving as a crucial zone for price stabilization.
Support and Resistance Levels: The current price is near a support level around $0.91. The critical resistance level to monitor is $1.29, which has been a strong barrier, often leading to price struggles and reversals upon testing.
Volume Analysis: Trading volumes typically increase during price declines, highlighting intensified selling pressure. During consolidation phases, volumes remain elevated while candlesticks exhibit low volatility. This pattern suggests market uncertainty and a lack of clear directional momentum, potentially signaling position accumulation by traders preparing for the next significant breakout or breakdown.
Possible Scenarios:
🟩 Bullish Scenario: A breakout above the local resistance level at $1.10, accompanied by increased trading volumes, could signal a potential bullish reversal, driving the price up to $1.29. To confirm the shift in market sentiment, this breakout should be supported by high volumes and price consolidation above the $1.29 level on the daily timeframe. This could lead to a subsequent phase of price consolidation, allowing for further testing of key resistance levels on the path to continued growth.
🟥 Bearish Scenario: If the price fails to hold above the $0.91 support level, it could lead to further declines. Consolidation below this support level would likely continue the downtrend towards the next support zone around $0.76 - $0.74. Traders should be prepared for potential short positions or implementing protective measures if this scenario unfolds.
Overall Market Sentiment:
Current Bias: ARB is displaying bearish sentiment, with potential for extended range-bound trading between the support at $0.91 and the resistance levels at $1.10 and $1.29. The recent token unlock event has added significant supply, contributing to downward pressure, while overall market uncertainty in the crypto space exacerbates this trend. Despite the bullish potential from the Robinhood integration, its impact appears muted in the current environment, unable to counterbalance the prevailing bearish dynamics.
Recommendations for Traders:
◼️ Monitoring Trading Volumes: Keep a close watch on trading volumes around key support and resistance levels to assess the strength of any breakout or pullback.
◼️ Preparation for Volatility: Given the recent increase in token supply and market uncertainties, expect heightened volatility. Consider risk management strategies such as setting stop-loss orders, adjusting position sizes, and employing careful entry and exit planning to mitigate risks from sudden market movements.
Disclaimer: Content for seasoned traders only. Not financial advice. You bear sole responsibility for trading outcomes. ➖ DYOR 🧠 💡
A couple potential breakout targets for Arbitrum’s bullflagOn the weekly timeframe the purple line represents the flagpole, however if I zoom out to the monthly timeframe the neon lemon lime trendline is the full pole of the bullflag. Not sure which one will be the most valid in the long run so I have posted measured move targets for both. *not financial advice*
ARBAs long as ARB keeps getting pushed down by the 21ema ill be looking to load up in the .90cent range which isn't to far from where are now. Seems like the bottom could be near, if BTC goes below 57k then expect to go lower. Either way ARB at these levels are great to DCA in.
