Long trade #12 for Arbitrum ARB price On March 31 this year, we published an idea with our thoughts on Arbitrum
For those who are too lazy to read, we wrote that at $0.72, we would take a closer look at the coin and see if it is worth buying. The minimum was $0.74.
Assuming that altcoins are finally "feeling their bottom," we can try the following long trade for ARBUSDT:
Enter = 0.7632
Stop = 0.7390 (- 3.17%)
TP = 0.9140 (+ 19.76%)
P/L ratio = 6.2
We allocate $10,000 for this trade
In the event of a mistake, we will lose $317
If the trade will be a success, we will receive a profit of $1976
What do you think about this trade, and what is your vision? Write about it in the comments!
ARBUSDT trade ideas
ArbusdtWow extending to the 1.618?
And lower wedge line?
Pretty sure this is still the most hotly tipped l2 solution...
If so then thesis would be bottom out vs usdt at somepoint soon???!!!
Before reversal cycle
If those two last memelines fail then its a long way down and would suggest some major negative economic activity
Arbitrum $arb currently in a Masive Falling WedgeAMEX:ARB currently printing a Massive Falling Wedge along with a possible double bottoming pattern..
Arbitrum price action found its previous bottom around 0.90 in June 2023
Current price: 0.96
Will Arbitrum be able to maintain Support at its previous Bottom?
If #ARB is unable to hold support around previous bottom, Next Support is 0.5
If Support at 0.9 is held, Up resistances: 1.07, 1.15, 1.28, 1.43, 1.56, 1.69, 1.81 are possible
ARB Sell Trade Here is My Study on ARB.
Consider All Take Profit Zone are Important.
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Financial Advise
arb/usdt importantBINANCE:ARBUSDT
one of the members asked me to analyze ARB/USDT
and i did it with a pleasura :
as we see ARB the highest price it reached was 18apr at level price 1.8usdt
after 18 apr the price started to correct down and now we are in a bearish channel,
we standing at this moment at the middle of the bearish channel and a good point of support level 0 on fib.
as we learnd theres 1 scenario that will happen out of 2
Scenario 1: the price will be rejected frome the middle of the channel it will test the top of the channel and price will. go higher.
`scenario 2: if the price does not clode with a clear daily candel above the middle of the channel the the price will drop to .5 till .58usd
this was my Idea for ARB .
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ARB Sel TradeHere is My Study On ARB
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
Brief Analysis——ARBARB has fallen near the lows of June recently. Offchain Lab once again repurchased ARB worth $1.7 million, but it did not boost the market's confidence on ARB. Also as the leading L2, OP has become a super chain with its OP stack, and its performance within the month surpassed most tokens. The attention paid on ARB gradually decreased.
When it was first listed, ARB ushered in a round of rise, but the selling pressure of the airdrop quickly pulled the price down. Since May, ARB has remained fluctuating in the yellow range. The upper rail of the range is the support level of the accumulation area in April. Although the price briefly broke through the upper rail, it quickly returned to it.
The ARB started moving down in mid-July, with little bull reinforcement seen in the process. The bears intensified again on August 16, and the price quickly came near the lows. In the last week, although there were some green candles, the length of the green candle was very and was covered by the red candle. After that, ARB began to fall with fluctuation. The bears are always in control.
Conclusion: Mostly falling. ARB remains neutral on a large scale. The bulls are not strengthening near the lows. So we come to this conclusion. We set resistance level at 1.0655 and support level at 0.9075.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
🔥 ARBITRUM Bearish Support Break OutAs of yesterday, ARB has fallen through a strong area of support which held the bull trend going for over a month. In my view, there's a high possibility that ARB will continue to fall, potentially even retesting the June lows around 0.92
ARB is quite oversold at the moment, so we're going to anticipate a bullish correction towards 1.19 or so. Stop just above 1.21 for an optimal risk-reward ratio. A more risk-averse trade would be to take (partial) profits around 1$.