ARB/USDT longT=2$ ~
An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted.
It may be used to predict reversals in downtrends.
An inverse head and shoulders pattern, upon completion, signals a bull market.
Investors typically enter into a long position when the price rises above the resistance of the neckline.
ARBUSDT trade ideas
ARBITRUM UPDATE - $1.4-6 ON THE HORIZON
The last prediction, call it signal I gave on BINANCE:ARBUSDT made a whooping 6% outrightly without delay and after studying the chart contextually, I have spotted an interesting opportunity technically.
Seems ARBITRUM will be making a new swing high that can present to us another 20% minimum gain and 30-35% if all analysis is correct technically and according to my primary strategy - Elliott Wave Theory.
Invalidation level is clearly. Check update/comment section for contextual chart view also see previous analysis about ARB on my page for context.
ARB Long Now ARB respects the trend, and when we look at the indicators we see that RSI is under 50% and SMA crosses the RSI which is a good way to represent an up trend, and when we look at the Horizontal Blue line it shows up every moment the Rsi and Adx give us a positive mark
let see How it's going
entry point: 1.1
SL: .9785
ArbusdtFibs on fibs
Arb potential bounce zone...
Rejected the 4.618 of previous move..
Beginning of exponential price action..
Now we are retesting the 0.618 of that move
This is known as the main bounce zone during bullish price action
With deeper retraces wicking to the 0.5 or usually in a falling wedge/bull flag
Grinding down to the 0.382 for a more highly manipulated coin, or for slower less impulsive market moves/structures..
ArbusdtFinally broke range
And busted straight to the about fib extension, IF we can break and hold above ~1.44 we can start to look at the aths and price discovery
Its sitting just below the resistance here, consolidation below would be bullish, breaking above would be bullish, basically everything except a break below 1.15 or a severe rejection at this 1.44 area and this stays macro bullish for a while...
Arbitrum - Decent long entryThink this is a decent long entry for Arbitrum here at the 1$ mark. Not the best outperformer though, but think we will see higher highs coming days/week.
Invalidation would be a daily close below 1$ but right now I would give this setup a decent chance to play out.
Stay safe!
Gaine in renge (ARB)❤️❤️Thanks for boosting 🚀 and supporting us!
📈Yes we are in big renge so sell in high & buy in low renge.
📊 (Buy) : 1.0438
🔴 Stop Loss : 1.0095
🎯 Take Profit : 1.069 - 1.111 - 1.146
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🔥ARB Hype Wiped Out: Time To Buy and Make 300% Profit?Arbitrum fell by -60% from its highs and liquidated all leverage traders who bought on top. I look for entry point.
The best entry point will be when the price will make a false breakout of the $0.74 key level. But I don't think this will happen. The most expected scenario is when the price just test the green accumulation areas as the support and continue its growth.
💥 the time is coming for this ETH ecosystem altcoin.
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