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ARB / TetherUS PERPETUAL CONTRACT

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ARBUSDT.P trade ideas

Possible Falling Wedge with CONFIRMED BreakoutArbitrum (ARB), a Layer 2 scaling solution for Ethereum, is showing bullish signs of breaking out of a potential falling wedge pattern. Technical indicators such as Engineering Robo are currently bullish, with two out of three buy signals being triggered. Additionally, the price has bounced off the 0.618 Fibonacci retracement level at $1.175 multiple times, indicating strong support at this level. This personal Technical Analysis (TA) will provide an in-depth analysis of these technical factors to highlight the potential for an upward trend in the near future. Falling Wedge Pattern Breakout : Arbitrium's price has been forming a falling wedge pattern on the 1H timeframe. The falling wedge is a bullish reversal pattern, typically appearing at the end of a downtrend. This pattern consists of two converging trend lines, with the upper trend line sloping downward and the lower trend line also sloping downward but at a more moderate rate. Recently, Arbitrum's price broke through the upper trend line, signaling a potential breakout and reversal of the downtrend. A breakout from the falling wedge is typically accompanied by an increase in trading volume, which has been observed in this case as well. This development suggests that the market participants are becoming more bullish on Arbitrum, and the price is likely to experience upward momentum. Engineering Robo's Bullish Signals : Engineering Robo which is a private technical indicator tool, is currently showing bullish signs for Arbitrum, with two out of three buy signals being triggered. Engineering Robo uses various algorithms to analyze historical price data and generate buy and sell signals based on trend, momentum, and other technical factors. The presence of two buy signals suggests that the trend is in favor of buyers, and the market could be entering a bullish phase. This further supports the idea of a potential breakout and reversal of the downtrend, as indicated by the falling wedge pattern. Bouncing off the 0.618 Fibonacci Retracement Level on 1H timeframe The price of Arbitrum has bounced off the 0.618 Fibonacci retracement level at $1.1765 multiple times, indicating strong support at this level. The 0.618 level, also known as the Golden Ratio, is a significant level in the Fibonacci retracement tool, often acting as a critical support or resistance level. The repeated bounces off the 0.618 level demonstrate that buyers are stepping in to defend this price point, preventing a further decline. This support, combined with the falling wedge pattern breakout and the bullish signals from Engineering Robo, suggest a high likelihood of a sustained upward trend for Arbitrum in the near future. Conclusion : Based on the technical analysis, there is strong evidence that Arbitrum is breaking out of a falling wedge pattern, supported by bullish signals from Engineering Robo and the 0.618 Fibonacci retracement level. As a result, the price is likely to experience upward momentum in the short to medium term. Investors and traders should keep a close eye on these technical factors and adjust their positions accordingly to capitalize on this potential trend reversal. EXTRA NOTES : Current position $1000 @ 5x Leverage (Average price $1.1988)
Long
by AXiVenture
ARBUSDT.P Trend LinesThe next few candles to determine the price trend of the currency (at least in a short period of time); It is very important. If the candles are supposed to be down: in case of stabilization in the failure, risk takers can enter the selling position after the breaking of the rising trend line (yellow color). Risk-averse people can enter the trade after the main uptrend line (black color) has been broken. But if it can break its downward trend line in a correct way; You can enter a buying position. Note that the failure must happen in a correct way.
by alidashtbesh
ARBUSDT price analysisThe layer-2 token has witnessed huge trading volume since its listing in Binance. Since we don't have enough data available for analyzing price movement, we will be using 30 min timeframe. The token is witnessing resistance at $1.5729 and support at $1.1097. Taking these values as swing high and low, we can use Fibonacci retracement to find the upper target and lower target as the price breaks resistance and support, respectively. Upper target: $1.85 Lower target: $0.8235
by teakfinance
Arbitrum ARB price like a "dark horse". When to buy to win?Another "many promising" project - Arbitrum ARB There is a lot of hype around the project and a lot of listings, but at the same time, a lot of ARB giveaways and little trading history. We usually evaluate all crypto projects without a "wow effect" and not through rose-colored glasses). This approach may not give, 1000000% profits every day, but it also saves the deposit from a possible long-term drawdown. For example, we were thinking along the same lines when APT was priced at $9.5, and we wrote that we were ready to buy it no earlier than $2-4. Now the crypto market is on the verge of a possible correction, plus an increased supply of ARB from all possible airdrops can be thrown into the market, which can greatly lower the price. Now we would like to observe the price behavior of ARBUSDT, especially during a possible critical failure of the crypto market. We have identified the following levels as our assumptions: $1, $0.90, and $0.72, where we will look at the ARBUSDT chart as closely as possible and decide whether it is time to buy or not. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
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