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!
ARBUSD trade ideas
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.
ARB5 Year
Stoch RSI looks to have bottomed.
Prediction: Since there isn't data on the ALL timeframe it might be hard to make an accurate judgement. However, I think with the Stoch RSI bottoming it might stay within a range and eventually push up. It had a strong counter recovery from the bottom, so after spending some time within a range it will continue up.
ArbUsd Elliott wave countTwo scenarios for Arbitrum.
Black count where we have a finished impulse to the upside and we are going down to complete wave 2 if price clears 1.5427.
Orange count where if price clears 2.0883 may be a tringle ((4)) and we are focusing to the upside to end wave ((5)).
On this count we used log scale!
ARBUSD - buy ideaCorrective channel, EW Flat - wave C has a complete 5-waves internal structure.
Price is also at DMA200.
Long ARBI've got to go long ARB here but I am def keeping a tight stop. We're going long to the top of the channel. I'm in at 1.63 with a final target of 2.24 and a SL of 1.54 making the RRR 8/1.
next very good opportunity for a LONG in Arbitrum.Arbitrum at the 200 EMA support. Additional support of the Anchored VWAP bands. The correction could be completed here and the daily uptrend will continue.
🚀 ARB: Breaking Resistance and Aiming for Upside! 📈💹📊 Analysis:
Acceptance Above $1.8: ARB seems to be gaining acceptance above $1.8.
Breakout and Close: Look for a breakout and close above $2.2, turning resistance into support.
Entry Range: Consider entering the trade between $1.8 and $2.2.
Take Profit Levels: Aim for profits around $3 or $4.
Stop Loss: Set a stop loss at $1.6.
🌐 Note: ARB's movement above key levels and the potential support-to-resistance transition make it an interesting opportunity.
ARBUSD Golden Zone ? Arbitrim has much potential as does Optimism. The Golden dashed line represents Highest volume and the green dot is representing the custom upper indicator. Some nibbles are being had, I presume of whales pricing in on averages. Most would have taken some profits on the high and ready to load .... Golden Zone or not this is a good project now and into the future .
