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ARB / TetherUS PERPETUAL CONTRACT

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ARBUSDT.P trade ideas

ARB/USDT Continue Downward Movement, Keep an eye on the demand!💎 ARB's market presence has recently been a focal point, especially following its new all-time high. However, ARB experienced a pullback, signaling a potential retest at a key demand area, previously acting as a supply zone. As ARB approaches this demand area, a rebound is crucial to prevent further downward movement and to aim for a recovery back to the supply area. 💎 Should ARB fail to hold this demand level during the retesting phase, and if it breaks below it, this would be a significant bearish indicator. Such a breakdown would confirm a continued downtrend, with the next critical level being the support area. 💎 This support level represents a pivotal point for ARB's bullish trend. A strong response, such as a rebound from this support, is necessary for ARB to maintain its upward trajectory. 💎 However, if ARB cannot regain and hold above this support, and instead breaks down further, it would likely signal a shift to a bearish trend. In such a scenario, there is a real possibility of ARB descending even lower, potentially setting new lower lows.
by MyCryptoParadise
ARB/USDT bullish horizon what next? 👀🚀ARB Analysis💎 Paradisers, get ready for a promising trading opportunity with #ARBUSDT, as it's showing an increasing likelihood of a bullish continuation from its current demand zone. 💎 Reflecting on #Arbitrum's past performance, we've noted its pattern of creating equal highs followed by a downward trend. At this juncture, we anticipate that it may initially break low, setting the stage for a high probability of a bullish move from the demand level at $1.4362. If the price can maintain its momentum at this level, we aim for a strong push towards the supply zone at $2.4171. 💎 However, as seasoned traders, we're always prepared with a contingency plan. Should the aforementioned scenario not materialize, we anticipate #ARB to make a bullish rebound from a lower demand level at $1.3095. Be aware, though, that falling below this level could lead to a significant bearish movement.
Long
by MyCryptoParadise
ARB Plan 0.06The Arb's graph is following an Elliott wave pattern. Wave (4) has an a-b-c subwave structure, representing a correction wave. Currently, it is in wave 'a' of Wave (4), indicating a correction truncated zigzag. Wave 'a' is now complete. Wait for it to decrease to Fibonacci levels 0.382, 0.5, and 0.618, and then enter the trade at wave 'a' to target the truncated zigzag effect at Fibonacci 0.81 of the beginning of wave 'a'. However, if it does not decrease to Fibonacci levels, we will not trade.
Long
by show_onlyprofit
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