ARBUSDT trade ideas
ARB/USDT A Bullish Breakout on the Horizon? ๐ ๐ ๐ Paradisers, ARBUSDT is on the cusp of a significant move, flirting with a resistance breakout that could pave the way for a bullish trajectory.
๐ Our observations have consistently shown Arbitrum adherence to a descending trendline, which it has now surpassed, indicating a bullish trend. Currently, it's challenging a resistance level at 1.0888, and a successful breach could lead to a surge towards higher resistance zones. The price's position above the EMA55 further bolsters the potential for an upward push.
๐ However, should ARBUSDT face a strong rejection at the 1.0888 mark, we might see it retreat to a support level at 0.8798 for a bullish resurgence.
๐ On the flip side, slipping below this support level could trigger a notable downtrend. Stay vigilant and ready to capitalize on the forthcoming market movements.
โด๏ธ Arbitrum "W Pattern" | Easy 111% Potential GrowthThe "W Pattern" is a double-bottom pattern with a bent, it works the same way.
Here Arbitrum (ARBUSDT) can be seen recovering strong after hitting a new All-Time Low.
Volume slowly rising but the bullish action is ultra-strong.
This is very early... Well, not early, early but there is plenty of room left for additional growth.
Volume will go huge, big, off the chart soon, and we will have massive growth daily... Really big green candles.
๐ The targets on the chart are easy to hit. 111%+
The main bullish signal is the current price action, market cycle and ARBUSDT growing above EMA100, EMA50 and EMA10.
We only look up... Right now is very easy to predict what will happen next!
Namaste.
ARBUSDT Elliott Waves Analysis (Local Setup)Hello friends.
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Everything on the chart.
Entry: market and lower
Targets: 0.87 and 0.9
after first target reached move ur stop to breakeven
Stop: ~0.77 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 2
risk is justified
Good luck everyone!
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It's not financial advice.
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Open to any questions and suggestions
ARBUSDT - Bullish Trend "I'm planning to take a long position in ARBITRUM Coin (ARB) at $0.80. This decision is based on my analysis of its price action, which aligns with the principles of Dow Theory, indicating a bullish trend. ARB has been consistently forming higher highs, a positive sign for its potential future performance. Additionally, I've observed a bullish divergence on both the 1-hour and 4-hour timeframes, which further supports the notion of a potential upward move.
For risk management, I plan to set my stop loss at the last lower low, which is at $0.76. This measure is in place to limit potential losses in case the trade goes against me. As for the target, I aim to achieve a 1:2 risk-reward ratio, which means I'm looking for a profit that's twice the amount I'm risking. With these factors in mind, I believe there's a reasonable opportunity for a successful trade in ARB."
Please remember that trading involves inherent risks, and the cryptocurrency market is known for its volatility. It's essential to conduct your own research and consider factors beyond technical analysis, including the fundamentals of the coin and current market conditions, before making any investment decisions.
๐ ARB: 2-Day Double Bottom - Descending Triangle ๐จ Attention traders, we've got an exciting chart setup on ARB! A 2-day double bottom pattern is forming, with a descending triangle on the horizon. It's time to craft a trading plan for potential breakouts.
Chart Analysis:
Pair: ARB
Timeframe: 2-Day
Key Observations:
Double Bottom: The ARB chart shows a clear double bottom pattern, indicating a potential reversal. ๐๐
Descending Triangle: A descending triangle has formed, suggesting a period of consolidation. ๐๐ผ
Support and Resistance: The recent double bottom acts as a significant support level. We aim for an upside breakout with resistance at the All-Time High (ATH) around $2. ๐๐งฉ
Trading Plan:
Entry: Consider entering a long position when the price breaks above the upper boundary of the descending triangle. Ensure this breakout is confirmed with strong volume. ๐๐
Stop Loss: Set a stop loss just below the support level of the double bottom pattern to manage risk effectively. ๐ก๏ธโ
Take Profit Targets:
First Target: Around $2, which is the ATH. This level could act as resistance, so consider taking some profits here. ๐ฐ๐ผ
Second Target: Beyond ATH, consider letting a portion of your position run in case of a price discovery phase. ๐ฏ๐
Price Discovery Targets:
In a bullish scenario where ARB experiences price discovery, we could see the price surge toward $20. This is a speculative but exciting target, and you may consider trailing your stop loss to protect gains.
Risk Management:
As with any crypto trade, remember that the market is volatile. Only invest what you can afford to lose and employ proper risk management strategies, including setting stop-loss orders.
Disclaimer: This is not financial advice. Always do your research and consider consulting with a financial advisor before making any trading decisions.
Keep a close eye on ARB as it approaches the apex of the descending triangle. Potential breakouts could be just around the corner. Happy trading, and may the markets be in your favor! ๐๐น
Note: TradingView posts are for educational and informational purposes only. Always conduct your research and use proper risk management when trading cryptocurrencies. ๐๐
ARBITRUM MAJOR BREAKOUT INCOMING!!
Lets take a moment to look at this beautiful chart and see the opportunity that lies in front of us. I can see a major breakout incoming with this project. People need to realize that this has one of the most active networks in the entire crypto ecosystem. #2 to be exact behind ETH. Once this project start to pump, it will really pump.
Personally I will be DCA-ing this project leading up to the next bull run. If all goes as planned, I will be a happy camper.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
ARB bottom 0.3~0.41D time frame
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ARB performing weak trend since making ATH 1.82 which was hit on 18th April this year. Considering the potential further dump of market, I use 1.13 Fibonacci Expansion to evaluate the appropriate price to buy spot, which range is 0.3~0.4. We could see ARB show this price by December, then it would be a sweet time to accumulate ARB spot before bull.
ARB โ 19.10.2023BINANCE:ARBUSDT.P
Signals for level breakout
bar/candles closure near the level;
bar/candles closure near its high/low;
close retest of the level;
accumulation of energy for level breakout;
consolidation near the level;
decrease in trading volumes before the level;
a clear zone beyond the level;
no response to a false level breakout;
the instrument is being held from falling/rising in price;
there is a reserve of calculated ATR;
there is a reserve of technical ATR;
Trade Parameters
Open : 0.7750636;
Stop loss : 0.7787456;
Take profit :
0.7640176;
0.7603356;
0.7566536;
Disclaimer
Every trader should make their trading decisions based on their own analysis and circumstances. The signals in this channel should be considered as an additional tool for your own consideration.
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