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ARBUSDT trade ideas

Arbitrum Rectangle + Elliott Wave: Targets $1.6 or $1.93TL;DR Potential local bottom at $1.07, potential targets at $1.6 and $1.93 Arbitrum is still trading in its rectangle. After a recent rejection from the resistance, today it retested $1.07. If it holds, it would mark a perfect Wave 2 end (61.8% of Wave 1). In turn, according to Elliott wave theory, this would set the Wave 3 target to $1.6 or $1.93. 🎯 $1.6 is also the rectangle breakout target, and a High Volume Node (HVN), so lots of confluence there. I see two potential strategies for a long entry: The safe play would be to wait for a daily close above the resistance trendline, targeting W3 targets 1 and 2. The higher risk/reward play would be entering now, with a somewhat tight SL below $1.07, targeting the rectangle resistance first, then W3 targets 1 and 2. In both cases, watch the $1.45 area because it is a previous support and HVN. ➡️Not Financial Advice⬅️
Long
by AliferCrypto
5
Lingrid | ARBUSDT ready to TAKE OFF ?After a strong bullish impulse movement, the BINANCE:ARBUSDT has been stuck in a prolonged consolidation phase. Currently, the market is trading within this consolidation zone, having broken above the crucial level of 1.1000. As the price approaches the support level, it's likely to bounce off and resume its upward momentum. The market has been in an accumulation phase since April, with a minor pullback expected to support the level before the price extends its upward trajectory, targeting higher resistance levels. My goal is the resistance at 1.3300 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
8
ARB/USDT upward momentum descending resistance breakout ahead?💎 Paradisers! Keep an eye on #ARBUSDT as it displays strong indications of a bullish continuation from the demand zone after a breakout from descending resistance. 💎 Our meticulous analysis of the price action reveals that $ARBITRUM is poised to breach descending resistance. Should it successfully do so and sustain momentum above the EMA 100, we anticipate a robust bullish advance targeting the next supply area. 💎 The bullish journey is expected to commence once the price clears the supply area and maintains its momentum. However, it’s critical to prepare for other possibilities: if AMEX:ARB fails to surpass the descending resistance and starts to decline, we could see a bullish rebound from a lower support zone. Yet, a drop below this zone could negate the bullish outlook, potentially leading to further price drops. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
2
ARB/USDT Trading ScenarioWe are considering a scenario of price movement for ARB. Currently, the asset is within a price range that attracts active market participants' interest. This interest is confirmed by the analysis of the volume profile and increased activity on the vertical histogram. The asset's price is currently below the resistance level at $1.2746, which is above the point of control at the price level of $1.1439, acting as support. We can expect a continuation of the upward movement upon overcoming the resistance level at the price of $1.2746 and consolidating above it. The next significant point may be the overcoming of the 200-day moving average, above which the resistance level is at the price of $1.6051.
by Rick_SimpleSwap
10,000 New Users Join $ETH's Layer-2 Arbitrum, ARB Price Eyes $2Over the past week, 10,000 new users have joined the Ethereum Layer-2 Arbitrum network, with the price of Arbitrum ( AMEX:ARB ) eyeing a significant milestone at $1.50. With anticipation of Ethereum ETF inflows, many of the 1.51 million AMEX:ARB investors are likely to hold their assets, potentially catalyzing further price fluctuations. The Arbitrum community has opened a snapshot vote for its Gaming Catalyst Plan proposal, which aims to allocate 200 million AMEX:ARB to game projects within the ARB ecosystem. The Arbitrum Foundation will use time and resources to create legal entities for the Game Working Group, considered the interim custodian until the mission is defined and the DAO approval obtained. The necessary details of the proposal will be mapped out and submitted to the DAO, and the group will return with a final staffing plan and interim funding request within 30 days of the proposal's adoption. The proposal has majority support as seen on Tally.xyz. Arbitrum ( AMEX:ARB ) has been moving in tandem with Ethereum, clocking 28% over the past week. Earlier this year in January 2024, the AMEX:ARB price touched an all-time high of $2.4. The Arbitrum price has also clocked 28% over the past week. At the time of writing, AMEX:ARB price is $1.2291, up nearly 20% since Sunday, May 12. The token has sustained its gains of 17.60% from the week, rallying towards the May 23 high of $1.2600.
Long
by DEXWireNews
ARB in weekly chart Hello everyone I am not sure if this is a correct chart of Arbitrum or there is older ones but it does not matter for what I want to say. The first upward trend is surely the end of a rally and what has happened then was clearly a correction so we set a good strategy for that and if it does not work we leave this chart unless you want to see ARB as an investment opportunity and hold it that is another strategy. Our strategy is that: We wait till this trend reverses and breaks out the red resistance zone and then make a pullback and we get in a position after it rise up and put our SL in the end of pullback.
Long
by AMA_FX
ARB/USDT.P Long IdeaLong Idea for ArbitrumDescription:Arbitrum is showing strong potential for growth as Layer 2 solutions gain traction in the Ethereum ecosystem. Recent developments and increasing adoption of Arbitrum's scaling solutions suggest a positive outlook.Key points of my analysis:Technical Analysis:Breaking Resistance Levels: Arbitrum has broken through key resistance levels, indicating a bullish trend.Bullish Patterns: Formation of bullish patterns like the "Ascending Triangle" suggest further upward movement.Momentum Indicators: RSI and MACD show positive momentum, supporting a continued rise.Fundamental Analysis:Adoption and Usage: Increasing usage of Arbitrum for DeFi projects and transactions is driving demand and price appreciation.This idea is based on current market analysis and may need adjustments as market conditions evolve. Monitor closely and manage risks accordingly.
Long
by nkryan