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ARBUSDT trade ideas

Should you buy this layer-2 token?Arbitrum stands out as a premier layer-2 scaling solution, witnessing a remarkable surge in its token price, soaring by over 300% from its recent low of $0.5 to $2.4. This surge has captivated the attention of investors, especially amidst the bullish sentiments of 2024. Presently, the token's trajectory indicates a bearish trend, hovering close to its support level of $1.7, which also aligns with the 0.618 Fibonacci retracement level. An anticipated unlocking of $2 billion worth of tokens is slated for March 16, 2024. Following this event, there may be opportunities to acquire the token at levels of $1.5 and $1.2.
Short
by Prachi3009
ARBUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: Market and lower Target: 2.3 - 2.5 - 2.7 after first target reached move ur stop to breakeven Stop: (depending of ur risk). ALWAYS follow ur RM . risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
2
Cup and Handle Pattern Breakout Arbitrum (ARB), observed on the 1-day timeframe, has constructed a substantial Cup and Handle pattern, signaling a potential bullish sentiment in its price movement. The recent breakout above this pattern confirms the bullish bias. The analysis suggests an expectation of a retest around the support zone, with an ideal entry point identified at $1.44. 🔄 Cup and Handle Pattern Formation: ARB has successfully formed a significant Cup and Handle pattern on the daily chart, a technical formation often associated with bullish reversals. The breakout above this pattern indicates a potential continuation of the upward trend. 🚀 Bullish Momentum Confirmation: The breakout above the Cup and Handle pattern serves as a confirmation of bullish momentum in ARB. This pattern suggests a shift from a consolidation phase to a potential uptrend, and traders are likely to monitor for opportunities aligned with this shift. 📉 Anticipated Retest and Entry Point: The analysis anticipates a retest of the support zone following the Cup and Handle breakout. The ideal entry point for traders could be around $1.44, coinciding with the potential retest zone. This level provides an opportunity for traders to enter bullish positions. 💡 Trading Strategy: Traders considering ARB may strategize for a potential entry around $1.44, contingent on the anticipated retest of the support zone. Confirmation of support at this level could serve as a signal for bullish positions. Implementing risk management strategies, such as setting stop-loss orders, is crucial. 🔮 Future Outlook: The technical analysis suggests a bullish outlook for ARB following the Cup and Handle pattern breakout. Traders should closely monitor the anticipated retest around $1.44 for potential entry opportunities. As with any trading decision, adaptability and risk management remain essential in navigating the cryptocurrency market's dynamic nature.
by AlexWhale
ARB ANALYSIS (4H)On the chart, from where we entered "START", we seem to see a correction. This correction seems to be a diametric. There was a suitable place for the termination of the F wave on the chart, which we marked with red color. If the price reaches this range, you can enter a sell/short position. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
Arb Breaks Above a Negative Trend Line to Re-Enter a Bullish ChaThe Arbitrum price managed to break above a medium-term negative trend line over the past 48 hours. As a result, the altcoin may soon flip the $1.9470 resistance level into support. A daily candle close above this barrier may then give ARB the foundation needed to rise to the subsequent threshold at $2.4255 in the following few days. This bullish thesis may be invalidated if the Arbitrum price falls below the lower boundary of the positive price channel that has formed on the crypto’s charts over the last few weeks. In this alternative scenario, ARB may retest the immediate support level at $1.6810. Continued sell pressure at this point could then expose the Arbitrum price to the risk of falling to as low as $1.3450 in the short term. Technical indicators on ARB’s daily chart suggest that the crypto’s price may continue to rise in the upcoming days. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bullish. The MACD line is looking to cross above the MACD Signal line. An intersection between these two lines will trigger a significant bullish technical flag that may indicate that ARB has entered into a short-term bullish cycle. In addition to this, the RSI line is positioned above its Simple Moving Average (SMA) line, which could be a sign that buyers are currently stronger than sellers.
Long
by StevenWalgenbach