Potential Big Moves for ARBUSDT: Bullish Continuation Ahead?Yello, Paradisers! Are you ready for some potential big moves with #ARBUSDT? Let’s dive into the analysis to see what’s brewing!
💎#ARBITRUM is showing signs of a probable bullish continuation from a support zone at $0.7215. We have observed #ARB following a descending channel for a long time. Recently, after breaking above descending resistance, it’s restoring momentum at the key support.
💎If the price successfully manages to hold momentum at this support level of $0.7215, there is a great probability of a bullish ride, similar to previous behavior at this level. If #ARB manages to break above the probable resistance at $0.8516, it will likely target the next resistance zone and beyond. However, if the price fails to hold momentum at the key support, we’re expecting a probable bullish rebound from the lower demand zone around $0.6306.
💎It's vital to maintain vigilance and closely observe #ARB price movements. A breakdown below the demand area, confirmed by a daily closure, would challenge the bullish scenario and could result in further declines.
Stay focused, patient, and disciplined, Paradisers!
MyCryptoParadise
iFeel the success🌴
ARBUSDT trade ideas
#ARB/USDT#ARB
We have a descending channel pattern on the 4-hour frame, the price is moving inside it and adhering to its borders well
We have a support area in green at a price of 0.600 after the price touched it and rebounded from it
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the price upwards
Entry price 0.65
First target 0.80
Second target 0.90
Third target 1.03
$4 arbisomeone say something about defi summer?
oh yeah, that was me.
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im predicting arbitrum hits $4.50 into august.
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structure is simple,
airdrop came up in 5 waves,
has since corrected in 3 waves down through an expanded flat.
expanded flat is labeled as wave (b) for strategic purposes.
some might label it as wave (2), but not me,
not this time.
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buy arb here (market order)
tp $4+
sl 0.499
🌙
In-Depth Arbitrum Analysis: Current Trends & Insights✨Welcome to my channel. Here, we conduct a daily analysis of crypto projects and forex pairs.
📅Let's dive into today's analysis, focusing on the crypto market and the Arbitrum project.
🗂 About the Project : Arbitrum is a blockchain project in the crypto space, known for being one of the popular Layer 2 Ethereum solutions. It helps reduce transaction fees and increases speed and security. Arbitrum launched as a Layer 2 blockchain in August 2021 and also conducted a major airdrop, which significantly boosted its popularity over its competitors.
📦 Arbitrum Airdrop : In March 2023, Arbitrum introduced the ARB token and simultaneously airdropped 12.75% of the tokens to its users. This large distribution excited many in the crypto community.
🏅 Airdrop Impact : The airdrop significantly increased trust in the blockchain. Currently, Arbitrum has around $3 billion in TVL (Total Value Locked) and ranks fifth in the market. Its token has a market cap of $2.3 billion and holds the 41st position on CoinMarketCap.
🌱 Project Ecosystem : Given the high TVL, Arbitrum's ecosystem is very active. Major platforms like AAVE, GMX, UNISWAP, PENDLE, and RENZO support this blockchain. There are also specialized platforms that operate solely on Arbitrum, such as Camelot, a DEX that has greatly contributed to the project's growth.
🗡 Camelot Project : As mentioned, Camelot is one of the exclusive projects in the Arbitrum ecosystem. It is a DEX where you can swap tokens in a decentralized manner and become a Liquidity Provider to earn rewards.
📈Here is the chart for the GRAIL token, Camelot's official token. Camelot rewards you with this token for providing liquidity. As you can see, after hitting the resistance at 2675 and breaking the upward trendline, the price entered a downtrend, dropping to 709 and forming key levels at 1008, 1252, and 1418, which could act as strong barriers to price growth.
⚡️Now that we have reviewed the project and its ecosystem, let's analyze the ARB token chart from a technical perspective.
📅 Weekly Timeframe
In this timeframe, after the token launch and airdrop, the price pumped initially and corrected to the 0.7654 level. Alongside Bitcoin, it started an uptrend reaching 2.1782. The price tested this resistance several times but failed to establish above it. Following the entry of selling volume, the chart exited the Distribution Zone and started to drop, now even losing the 0.7654 support and reaching 0.6482.
🛒If you had already bought this token, I hope your stop-loss was triggered. If not, I hope you managed your investment well to avoid significant losses. For spot purchases, I would wait for the RSI to break above 34.79 to confirm that the downward momentum is out of the market. Afterward, we can buy based on our personal strategy once the price stabilizes above key levels.
📅 Daily Timeframe
In this timeframe, after reaching the 0.6216 support, the price is correcting upwards with decreasing volume, indicating the strength of the downtrend. Despite the RSI losing the 40.13 resistance, upward momentum has not entered the market. This is because the SMA25 is directly above the price, serving as a major resistance.
📉If the SMA25, which coincides with the 0.7654 resistance, pushes the price down, it could reach the S1 pivot monthly level. Should the price continue to make lower highs and drop further, the 0.4826 level (S2 pivot) would be a logical target.
📈If the price stabilizes above the SMA25 and breaks through the 0.7654 level, with increased buying volume and upward momentum, we can confirm an uptrend in this timeframe.
🔑 Key levels in the daily timeframe for ARB are:
Supports at 0.6216 and 0.4826
Resistances at 0.7654, 0.9264, 1.2669, and 2.1782
⌛️For short-term analysis of this token, let's move to the 4-hour timeframe for more detailed insights.
🔍In the 4-hour timeframe, we can observe a Low Wave Cycle. After hitting the 0.6263 support, the price has made higher highs and lows twice. According to Dow Theory's definition of an uptrend, we can say this timeframe is in an uptrend. However, we must also consider another crucial point. According to Dow Theory, volume should confirm the trend and align with the price. As seen in the chart, volume diverges from the price, so we cannot declare an uptrend in the 4-hour timeframe as it lacks the primary Dow Theory confirmation.
📈For an uptrend, I suggest waiting for the price to stabilize above 0.7654, a significant level observable in the daily timeframe. Additionally, buying volume should increase to gain Dow Theory confirmation, allowing us to trust the price rise. If the trend becomes bullish, the resistances ahead are 0.8449 and 0.9264.
📉For a market downturn, since higher timeframes are bearish, we can use riskier triggers to confirm the entry of downward momentum, as these risky triggers align with the trend and are more reliable. The risky trigger level is 0.6822, and the main support is 0.6263. Note that the 0.6822 trigger, being risky, is not entirely reliable, and there's a higher probability of fake moves and traps. If the market turns bearish, the target, as seen in the daily timeframe, would be 0.4826.
⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
ARBUSTD Timeframe Day waiting in green boxARBUSTD Timeframe Day waiting in green box
In my opinion ending correction and should be move break green box and confirm structure wave1
Confirming the Structure of Wave 1:
Once the price breaks above the green box, we look for confirmation that this move initiates Wave 1 of the new impulse sequence:
Initial Impulse Move:
Strong Upward Movement: The price should exhibit a strong, clear upward move, indicating the beginning of Wave 1.
Market Sentiment Shift: Market sentiment shifts from consolidation to a bullish trend, often visible in price action and volume.
Validation Points:
Retest of Breakout Zone: Often, the price may retest the breakout level (green box) to confirm it as new support before continuing upward.
Higher Highs and Higher Lows: The formation of higher highs and higher lows further confirms the initiation of the new impulse wave.
ARB update (still bearish)Based on the data we have on the chart now, it looks like ARB is in a major correction.
Now we seem to have just entered the C wave.
Wave C is bearish.
In this wave C, the minimum price to which the price can drop is the green box.
In this wave C, the minimum time to pass is the time of the vertical line (November 24).
Closing a daily candle above the invalidation level will violate the analysis
The demand range is indicated by the Fibonacci ratios on the chart.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Has Arbitrum cryptocurrency reached the bottom?For Arbitrum, judging by Fibonacci, we've reached the final target of 227.20%, so it's a good time to start accumulating a position for the mid to long term.
➖ I don't know if the price will drop to $0.18 per coin, though I once saw a buy order at that price on Coinbase.
➖ Overall, using DCA (Dollar Cost Averaging) to start accumulating a position seems wise, but pinpointing the exact bottom is challenging.
Chart:
Future targets:
#arbitrum #arb #ethereum
Triple bottom?Three touches to the bottom, a triple bottom pattern could be in play here. Triple bottoms have a higher probability of breaking to the upside, especially if volume to the downside is starting to weaken. Confirmation will be breaking above the neckline, but now could present a good opportunity to a long entry.
If Bitcoin can hold up above 58k and if Eth can gain momentum heading into the ETF, I’d expect Layer 1/2s like Arbitrum to perform well.
Crypto is volatile, anything can happen. If we do lose the $0.72 level on Arbitrum with high volume, we might head a lot lower.
Stop losses will stop your losses. Trade carefully, this is not financial advice, always do your own research!
ARB AS L2 MASTERPIECE HAS GREAT POTENTIALDon't take this graph too seriously. I believe that ARB is so near to complete its negative area but still there should be nearly %20 drop from current value but I'm waiting really strong bull at this coin
ARB is the most functional and profitable L2 at current ETH ecosystem. I have great expectations
ARB LONGALL trading ideas have entry point + stop loss + take profit + Risk level.
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Disclaimer
Arbitrum Swing Trade2Day Timeframe + elliot wave count + support and resistances
12h Timeframe + support and resistances
Suspecting the correction is finished and the low is in
Every pullback is an buy opportunity until we break the last high around 2,40 dollar or make an complete 5 wave move to complete wave 3 primary
On the 6h chart looking to enter back in previous rang in a 5 wave move
target is point of control around 1,13 dollar or a possible fake out to the value area high around 1,21 dollar
Stop loss beneath the low in the elliot wave count, otherwise the downtrend continues in wave 5 of wave C on the 2Day chart
ARB going from weak to strong. M bearbreak no follow through. ARB been strong since BTC flush . Held the lows and starting a intraday bounce.
Setup is M bottom fish after M break no follow through .
Expect a few short to be on it , if it hold they will have to cover.
Scaled in earlier today . Adding back a portion here for a 15m Higher low. maybe get
a risk free entry for M play.
ARB - 4H Bullish StructureArb looks like it has bottom both on the short term chart and the long term chart (will post that next).
We saw a double bottom form in price between $0.73-$0.74. The second bounce was so strong it created a bullish divergence right off oversold conditions on the 4H timeframe. We saw a similar low in price action followed by a higher low on the RSI.
Our first target would be whenever we test our white trendline (could act as new resistance since it was our old support level). The second target would be the yellow line from a separate trendline.
Once those levels are broken we will see a move to our upper white trendline that would lead us somewhere between $2.50-$3 depending on when we breakout.