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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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
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 ~$
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 a
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
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Displays a symbol's price movements over previous years to identify recurring trends.