ArbusdtFinally broke range
And busted straight to the about fib extension, IF we can break and hold above ~1.44 we can start to look at the aths and price discovery
Its sitting just below the resistance here, consolidation below would be bullish, breaking above would be bullish, basically everything except a break below 1.15 or a severe rejection at this 1.44 area and this stays macro bullish for a while...
ARBUSDT trade ideas
Arbitrum - Decent long entryThink this is a decent long entry for Arbitrum here at the 1$ mark. Not the best outperformer though, but think we will see higher highs coming days/week.
Invalidation would be a daily close below 1$ but right now I would give this setup a decent chance to play out.
Stay safe!
Gaine in renge (ARB)❤️❤️Thanks for boosting 🚀 and supporting us!
📈Yes we are in big renge so sell in high & buy in low renge.
📊 (Buy) : 1.0438
🔴 Stop Loss : 1.0095
🎯 Take Profit : 1.069 - 1.111 - 1.146
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🔥ARB Hype Wiped Out: Time To Buy and Make 300% Profit?Arbitrum fell by -60% from its highs and liquidated all leverage traders who bought on top. I look for entry point.
The best entry point will be when the price will make a false breakout of the $0.74 key level. But I don't think this will happen. The most expected scenario is when the price just test the green accumulation areas as the support and continue its growth.
💥 the time is coming for this ETH ecosystem altcoin.
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ARBITRUM UPDATE (CONTEXT) - $1.4-6 ON THE HORIZONThe last prediction, call it signal I gave on BINANCE:ARBUSDT made a whooping 6% outrightly without delay and after studying the chart contextually, I have spotted an interesting opportunity teachnically.
Seems ARBITRUM will be making a new swing high that can present to us another 20% minimum gain and 30-35% if all analysis is correct technically and according to my primary strategy - Elliott Wave Theory.
Invalidation level is clearly. Check update/comment section for contextual chart view also see previous analysis about ARB on my page for context.
ARB PRESENTS 3RR IN IT FINAL 5TH ELLIOTT WAVE ON SMALLER TFFound something quite interesting and worthwile on BINANCE:ARBUSDT on the smaller timeframe. If all previous count is correct (which is expected to based on Eliott Wave Theory), wave 1-4 then i will say we will soon see a spike or movemnt for wave 5 which will create a new swing high. Expected gain is at least 6% and the risk reward ratio is within 2-3.7.
Invalidation level is clearly on the chart.
ARBITRUM - WE GOT THAT MINIMUM OF 6% FROM PREVIOUS CALLFew hours ago this premium call was given on BINANCE:ARBUSDT and it was stated clearly that the minimum expected gain is 6% which we now have. (see previous analysis on page or comment section for context.
Now that we have reached the minimum target you can take some profit prolly 70% of total position and set stop loss to breakeven. that means we have to risk associated to this position anymore. BINANCE:ARBUSDT
ARB - Ranges overview ARB seems to be trading around its mid range.
We have clean highs and clean lows defined.
We have a nice FVG (yellow box) on the left side which can still be run through. We will see how it goes from here.
As all the other idea it will go hand in hand with the BTC plan.
For now stay on the sideline and don't become an overzealous trader. Ask yourself... would you really want be front run in such a range....
BE PATIENT and THE TRADES WILL COME
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.