ARBUSD TRADING WITHIN A PENNANT FLAGThere is likely chance that this asset will range within this flag pattern a bit before breaking out.
For now, I see this asset going south to hit the support TL once again
ARBUSDT trade ideas
ARB possible price movementif price hold the black line then we go above break down below failed to break above we hit orange line and might be blue line depending on market conditios...
This is a LONG trade setup of ARB / USDT👆🏻This is a LONG trade setup of ARB / USDT🟢
Entry✅ , Stop-Loss⛔️ and Targets🚀 are mentioned in the chart 📊
Pls make it sure that you have to Enter the trade only after Breakout and Re-Test, not now⚠️
It's a very high confidence trade so don't take any wrong Entry👍
ARB againHello traders ' it's my opinion about ARB movement in near future
follow me and like it pls
ARBUSD ❕ fixed under the trend lineVolumes and indicators point to a downward trend in ARB price.
The price has fixed below the downtrend.
I believe that the asset will continue to decline.
ARB - Trade ideaThe idea is: Buy when the price breaks above 1.225$ and take profits at the levels shown in the chart.
Targets:
1. 1.24$
2. 1.26$
3. 1.285$
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
ARB : INCREASE VIEWARB shows an interesting view of the possibility of a breakout.
We will follow the trend to see if it's ably confirmed.
ARBAccording to the descending divergence in the ceiling, we expect the price to reach the middle of the fork according to the first law of the Andrews fork.
best regard
karim heidari
ARBUSDT LONGSet up for Long ARBUSDT. Currently the coin showed us that it found a support and we see the triangle pattern.
the rest you can see on the chart
long ARB$Arb broke through the descending trendline. Bullish movement to resistance level at 1.41$ is likely to happen.
ARB setupARB is moving like expected... 👌
Waiting for new #trade setup... Patience...
No trade is also a winning trade...
Possible price action for $Arbitrum here is my updated view on Arbitrum; head and shoulder clearly printed on 1hr TF shows there is imminent drop below the key level.
PS- this isn't financial advice.
🔥 Arbitrum Falling Wedge Success: New All-Time High?In my last ARB analysis I talked about the falling wedge and the break out that I anticipated from said pattern. Both targets were hit with ease, congratulations if you took the trade.
For now, I think the bull trend will continue. With BTC edging up and higher time-frames not even being overboughton ARB, there's a very decent probability that we're going to move towards the current all-time highs on the chart. However, on lower timeframes the ARB chart is overbought, so we might see a minor pull-back towards the yellow support area.
Targets in blue.
If BTC can confidently break above $30,000 we might see some huge buying power going to alts, which could even bring ARB to >$2, but that's for a later analysis.
ARBUSDT.P Trend Lines UpdateAs you can see, the price broke the downward trend line but could not stabilize its failure and came below the upward trend line and reacted to the downward trend line several times.
ARBIdea: the price is moving in a falling channel. The breakdown of the upper border of the channel will be a signal for the beginning of a new local uptrend
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)
Possible movement of Arbitrum token and buying and selling pointPossible movement of Arbitrum token and buying and selling points
