ARBUSDT trade ideas
ARBUSDT - LongHello Traders, ARB, we can observe a potential double bottom formation, which suggests that the price may have the potential to rise from the 0.78% Fibonacci level. If the double bottom pattern does not materialize, then the lower boundary of the channel would become the ideal buying zone.
ARB/USDT When Will We Drop? Hey traders๐
We see a good opportunity for price of ARB coin to reach for upper EMAs zone before further drop to lower zones! Keep yours eyes opened here for sure!
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Swallow Team
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Navigating the Downward Spiral
In the 1-hour chart, an intriguing development has unfolded for ARBUSDT. The bear flag support has been decisively breached, pointing towards a forthcoming downward spiral that may lead the price to new lows. This critical breach signifies a shift in sentiment, with bears gaining the upper hand, driving the price action with conviction.
As astute traders, we must exercise caution and avoid impulsive actions. It would be wise to wait for a potential retest of the breached bear flag support, as prices often have a tendency to revisit previous levels before continuing their descent. This retest can serve as a confirmation of the bearish momentum, offering a strategic opportunity to open a short position.
By capitalizing on this impending downturn, you could potentially accumulate profits to finance an indulgence that has caught your eye - a shiny new iPhone. However, skillful execution and disciplined risk management should be at the forefront of your trading strategy.
Stay attuned to the market dynamics and closely monitor the price action to seize the optimal entry point for your short position. Technical indicators, such as bearish candlestick patterns and downtrend confirmations, can provide valuable insights as you navigate this trade.
Remember, adventurous traders, the path to success lies in careful analysis, calculated decision-making, and disciplined execution. Keep your wits about you, watch for the retest, and make a trade that could unlock the doors to your next big splurge - that enviable new iPhone.
Best of luck, and may the market gods be ever in your favor!
๐๐ #ChartPattern Alert! ๐๐ ๐ Falling Wedge ๐๐๐ #ChartPattern Alert! ๐๐
๐ Falling Wedge ๐
๐ What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern.
๐ How to Identify:
Draw a trendline connecting at least two higher highs (upper trendline).
Draw another trendline connecting at least two higher lows (lower trendline).
๐ What it Signals: The Falling Wedge suggests a potential bullish reversal, with buyers gaining strength as the price reaches higher lows within the wedge. It often forms during downtrends and can precede a significant price move to the upside.
๐ Trade Strategy:
Consider buying when the price breaks above the upper trendline of the Falling Wedge.
Set profit targets based on the pattern's height added to the breakout point.
Implement a stop-loss to manage risk in case of a false breakout.
Remember to validate your analysis with other technical indicators and conduct thorough research before making any trading decisions. Happy charting and trading! ๐๐น
ARBUSDTARBUSDT is in strong bearish trend and also form bearish flag pattern. Recently the instrument has break through important support zone.
Now the price is trading within the bearish flag and seems like it getting ready to break it.
Will the sellers took benefits from these bearish confluences?
Long trade #12 for Arbitrum ARB price On March 31 this year, we published an idea with our thoughts on Arbitrum
For those who are too lazy to read, we wrote that at $0.72, we would take a closer look at the coin and see if it is worth buying. The minimum was $0.74.
Assuming that altcoins are finally "feeling their bottom," we can try the following long trade for ARBUSDT:
Enter = 0.7632
Stop = 0.7390 (- 3.17%)
TP = 0.9140 (+ 19.76%)
P/L ratio = 6.2
We allocate $10,000 for this trade
In the event of a mistake, we will lose $317
If the trade will be a success, we will receive a profit of $1976
What do you think about this trade, and what is your vision? Write about it in the comments!
ArbusdtWow extending to the 1.618?
And lower wedge line?
Pretty sure this is still the most hotly tipped l2 solution...
If so then thesis would be bottom out vs usdt at somepoint soon???!!!
Before reversal cycle
If those two last memelines fail then its a long way down and would suggest some major negative economic activity
Arbitrum $arb currently in a Masive Falling WedgeAMEX:ARB currently printing a Massive Falling Wedge along with a possible double bottoming pattern..
Arbitrum price action found its previous bottom around 0.90 in June 2023
Current price: 0.96
Will Arbitrum be able to maintain Support at its previous Bottom?
If #ARB is unable to hold support around previous bottom, Next Support is 0.5
If Support at 0.9 is held, Up resistances: 1.07, 1.15, 1.28, 1.43, 1.56, 1.69, 1.81 are possible