"ARB" RBI came out!!!Hello! friends, How have you been?
I brought a VERY attractive chart for you today.
It's the ARBUSDT chart that can reverse the long bearish. If you take a position, It can better attractive position as the RR.
■It is being adjusted after breaking the big downtrend line.
■ Adjustment value is 0.786 (very stable)
■it is being Retested of bullish.
■The horizontal resistance line just above the overlaps with zone as a very having heavy buttocks zone.
ARBUSDT trade ideas
ARBUSDT.1DUpon examining the ARB/USDT daily chart, several key technical indicators and levels emerge that help forecast potential price movements.
Trend and Resistance Analysis:
The price has experienced a significant decline from its high of around 2.4250 USD. Currently, it is trading at approximately 0.9749 USD. The price has been following a downward sloping trend line, labeled as R1, indicating persistent bearish sentiment. There are two major resistance levels to watch: R1 at around 1.3914 USD and R2 at approximately 1.3914 USD. The first resistance level (R1) has been tested multiple times but has held firm, preventing any upward breakout.
Support Levels:
There are clear support zones identified on the chart. The primary support level, labeled S1, is around 0.5000 USD. This level has been tested before and has shown considerable buying interest, suggesting it could act as a strong floor for future price declines.
RSI and MACD Indicators:
The Relative Strength Index (RSI) is currently at 36.59, indicating that the asset is nearing oversold territory. Historically, this suggests that a reversal could be imminent, as the selling pressure may soon exhaust itself. The Moving Average Convergence Divergence (MACD) indicator shows a bearish trend with the MACD line (blue) below the signal line (orange)
, though the histogram indicates a potential weakening of the bearish momentum.
Volume Analysis:
There is a noticeable volume pattern where the price dips are accompanied by significant trading volume, which typically suggests strong market reactions to the price movements.
Conclusion:
In conclusion, the ARB/USDT pair is currently in a bearish trend but is approaching key support levels that might offer a reversal opportunity. The RSI indicates a potential oversold condition, which, coupled with weakening bearish momentum in the MACD, suggests that the price may stabilize or attempt a minor rally towards the first resistance level (R1). Traders should watch for a break above the R1 trend line to confirm any bullish reversal. Conversely, a failure to hold the S1 support could lead to further declines.
Overall, the market sentiment remains cautious, and close attention to the aforementioned levels and indicators is crucial for making informed trading decisions.
Arbitrum ($ARB) Set for a Bullish Breakout soonThe Arbitrum DAO has approved an eight-week pilot M&A program following overwhelming support for the proposal. On-chain metrics suggest that Arbitrum ( AMEX:ARB ) may experience a rally soon, despite a recent 7.5% increase in its value.
The pilot program received over 99% support from DAO members and aims to conduct data-driven research and discussions to inform the Arbitrum DAO's decision on the operationalization and funding requirements of the M&A unit. The goal is to utilize M&A as a growth driver for the Arbitrum ecosystem, expanding non-organically through acquisition opportunities to enhance capital allocation methods.
Additionally, on-chain metrics indicate potential for a rally in AMEX:ARB 's value. Despite the recent gain, a significant percentage of ARB addresses are still out-of-the-money, suggesting that investors may be holding onto their assets in anticipation of tangible price appreciation. Furthermore, with 55% of ARB's circulating supply held in out-of-the-money addresses, caution is advised for investors looking to open a position in the Ethereum Layer 2 altcoin, especially considering the large holdings by whales.
Although recent activity has shown equal participation from bulls and bears, recent price movement suggests signs of a potential rally. The market value to realize value (MVRV) ratio has also confirmed these rally signs with a 6.54% growth in the past 24 hours. It is important to note that a bearish change in the general crypto market sentiment could invalidate this thesis.
CHANNEL BREAK OUT A channel breakout is a trading concept in technical analysis where a security's price breaks out above or below a established trading channel, indicating a potential new trend or direction.
A trading channel is formed by drawing two parallel lines, one representing support and the other resistance, which contain the price action over a specific period. The channel can be ascending, descending, or neutral, depending on the trend.
A channel breakout occurs when the price:
1. Breaks above the upper resistance line (bullish breakout)
2. Breaks below the lower support line (bearish breakout)
This breakout signals a potential change in the trend, as the price is now moving outside the established range. Traders and investors often consider channel breakouts as a trading opportunity, as they can indicate:
1. A new trend is emerging
2. A continuation of the existing trend
3. A reversal of the existing trend
On this Chart we will be focusing on the bullish side because it's a bullish break of candlestick but be on a market watch about the white doted line which is the support and resistance which I have identified. If you look closely you will notice a 200 Moving Average . Be careful at the point.
By recognizing channel breakouts, traders and investors can potentially capitalize on new trends and market movements.
ARBUSDT.1DThe daily chart for ARB/USDT provides a clear view of its current technical setup, which can help us understand the potential future movements.
Key Resistance and Support Levels:
Resistance 1 (R1): Not specified, but closer analysis suggests it's near where recent peaks have been formed.
Resistance 2 (R2): $1.3914 - This level is above the current trading range, marking a significant target for bullish momentum.
Support 1 (S1): $0.7712 - Acts as the primary support level where the price could potentially find buying interest if it dips to this range.
Technical Indicators:
Relative Strength Index (RSI): Currently at 35.11, which is below the neutral 50 mark, indicating bearish momentum. The RSI is nearing the oversold territory, suggesting potential for a reversal if it goes below 30.
Moving Average Convergence Divergence (MACD): The MACD line is below the signal line, indicating bearish momentum. However, the histogram is near zero, suggesting that the downward momentum is not particularly strong.
Trend Analysis:
The price has been in a downward trend, indicated by lower highs and lower lows. The current setup shows the price near a descending trend line or resistance level, which could act as a key area for reversal if broken above.
Conclusion:
Given the current technical analysis of ARB/USDT, the market seems to be in a bearish phase with a potential for reversal highlighted by the near oversold RSI condition. Traders might consider looking for buy opportunities near $0.7712, which could act as a robust support level, especially if the RSI moves into the oversold territory and starts to curve upwards.
For those looking at potential sells or waiting for a confirmation of trend continuation, a decisive break below $0.7712 could open the path towards lower prices, potentially towards newer lows not defined on the current chart.
Investors should remain cautious and watch for any changes in the MACD and RSI for early signals of a trend reversal or continuation. Setting stop-loss orders just below the support levels and taking profit near resistance levels can help manage risks effectively in this volatile setup.
#ARBUSDT.P #Analysis & #LongSetup #Eddy#ARBUSDT.P #Analysis & #LongSetup #Eddy
For example, in an altcoin"Arbitrum", I have provided you with proper analysis & long setup so that you are aware of the general movements of the market and other altcoins & don't rush to buy, the structure is not complete.
((This analysis was based on the liquidity structure and its combination with other styles, including : PA,RTM,ICT,VT,Lvl2+3,DOW,Wyckoff,...))
>> The possibility of growth and explosion of altcoins is very high & they can see much higher targets.
Be sure to visit Bitcoin analysis update :
ARB Sell Off Over?I am not super big into side chain layer 2's as a permentant soloution to the transaction cost issue with crypto. At the same time they are the current leading way this problem is solved and intrest in their tokens is certainly not lacking.
ARB is a little bit different for layer 2's as they set them self apart from competitors by gaining massive awareness attention with a valuable word call "free". This massive air drop has likely sold off but not without catching the awarness and attention of masses.
Looking at the price action we can see the down trend has curled over or lost momentum into the value area low of the entire chart. Momentum has shifted sideways for long enough to nearly brake the linear down trend and looking at the volume we can see that it has nearly dried up. All these things signal the loss of energy in the "trend".
Unless a new reason presents to create another massive sell off higher prices are likely.
Current Trading Plan:
Assuming current low is the a true pivot low, target first the 50% retrace area. IF price can make to the this region a pull back and reaccumulation will likely take place above the high volume node at $1.15. With a final target in the 1.5 - 1.618 expansion region of $3-$4
Trade Well,
Your Friend
Degen
Patiently Longing ARB 3x LeverageI like ARB and see its potential. Manipulation already happened its just accumulation at this point for a run to to at least the .618 level. If it breaks and holds above that then it'll be a fantastic trade.. If it doesn't it'll still be good money. I will take some profits at the fib levels marked. This is using the fib extension tool and you can see the harmonic pattern on there as well. Good Luck.
-Not Financial Advise.
📈🔄 ARB Trading Opportunity 💡📉Current Situation:
ARB's price is currently testing a support level, offering a potential entry point for a long trade opportunity.
Trade Setup:
Entry: Long trade between $0.90 - $1.00.
Take Profit: Target $1.28 - $1.40 and next resistance at $1.60 - $1.75.
Stop Loss: Just below $0.8550 to manage risk.
📊🚀 Monitor ARB's price action for trade execution! #ARBTrading #CryptoAnalysis 🌐💰
Trade Idea for Arbitrum (ARB) - Accumulation StrategyArbitrum (ARB) is currently trading at approximately $1.20, with recent fluctuations between $1.06 and $1.20 over the past week. The 24-hour trading volume is notably high, around $694.90 million, which underscores significant market activity. With a market capitalization of about $3.19 billion, ARB is a major player in the Layer-2 scaling solutions for Ethereum, aimed at reducing fees and transaction times (Binance) (CoinGecko).
Consider buying ARB at the current market price of $1.20. Given the current market conditions and Arbitrum’s role in enhancing Ethereum's scalability, this price provides an entry into a significant blockchain infrastructure component.
If the price drops to $1.00 or further to $0.80, these levels should be considered as additional buying opportunities. This strategy allows for averaging down the entry price while increasing exposure to ARB during price dips.
Set a conservative sell target around $1.40, $1.60, $2.00, $2.20, which is slightly above the recent price fluctuations. Further targets could be adjusted based on ongoing market developments and Arbitrum’s performance in the broader crypto ecosystem.
As a Layer-2 solution, Arbitrum directly addresses the high cost and slow transaction times of Ethereum by aggregating transactions in batches. This technical utility is crucial as Ethereum continues to be the backbone of various decentralized applications. The recent trading volume and price stability indicate a robust trading interest and potentially undervalued position given its technological proposition.
This strategy indicates a readiness to hold through potential volatility, suitable for investors with a higher risk tolerance and a long-term perspective on their investment in blockchain technology infrastructures.
Investing in ARB aligns with a strategic stake in Ethereum's scaling solutions, which are pivotal as the blockchain space evolves. The phased buying approach mitigates risks associated with price volatility and capitalizes on potential upswings prompted by broader adoption or technological milestones.
This trade idea is based on the current market dynamics and Arbitrum's strategic role within the Ethereum ecosystem as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice
ARB ready to start it's Bull market?My opinion is ARB / Arbitrum is finishing it's major 2nd wave correction as an running flat and breaking the white downtrend line indicates that 3rd major wave is starting. How ever if the red scenario happens more possibility to invalid the whole bullish scenario rather than it's to be a expanded flat. Let's see. DYOR! Always invest what you can afford
#ARB/USDT#ARB
The price is moving in a bearish channel pattern on the 4-hour frame and sticking to it well
The price rebounded well from the lower border of the channel at the green support level 0.9500
We have a tendency to stabilize above the Moving Average 100
We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher
Entry price is 1.00
The first goal is 1.08
Second goal 1.17
Third goal 1.28
Arbitrum ARB price suspends its fallTo be honest, I don't really understand why "crypto people" expect some kind of miracle from ARB ?
🤷 The effect of "it's a pity to throw it away - let it be" probably works more here.
So explain to me who should buy #Arbitrum so that its price goes up by super X?
If there are a bunch of "Homunculus loxodontus" who were given AMEX:ARB for billions of dollars just like that, and they are sitting and waiting to sell "very expensive" and do not plan to buy #ARBUSDT anymore...
But the laws of economics work a little differently...
So, if you look at the ARBUSDT chart, if everything goes well, the ARB price should not fall below $0.90
🚀 The targets for the ARB price growth are shown schematically on the chart.
We don't believe in a sharp rise in the #ARBUSD price, it's too heavy a coin.
However, a x2-x3 increase during 2024 is quite realistic.
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