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Arbitrum

ACH/USDT Technical Analysis: Is Another 100% Rally Possible? ACH/USDT Technical Analysis: Is Another 100% Rally Possible? The cryptocurrency market is known for its volatility, and ACH/USDT is no exception. Currently trading at $0.03976, ACH has seen a massive 650% increase in 2023 alone. However, with the price near its all-time high, the trade can be risky. In this article, we will conduct a technical analysis of ACH/USDT and explore whether another 100% upward rally is possible. Takeaways: ACH/USDT is currently trading at $0.03976, up 650% in 2023. If the triangle breaks upward, there is a possibility of another 100% upward rally in price. The resistance level is at $0.042, and for bullish mode, a daily candle close above $0.042 is required. In bearish sentiment, if the daily time frame candle closes below $0.035, we may see a down move. ACH has already bounced back from the 0.618 Fib retracement level, indicating the possibility of a new all-time high after a breakout. Risk management and stop loss are crucial in cryptocurrency trading. ACH/USDT Technical Analysis: As per the chart, ACH/USDT is trading near its all-time high, making the trade risky. However, if the triangle breaks upward, we may see another 100% rally in price. The resistance level is at $0.042, and for bullish mode, a daily candle close above $0.042 is required. On the other hand, if the daily time frame candle closes below $0.035, we may see a down move. Furthermore, ACH has already bounced back from the 0.618 Fib retracement level, indicating the possibility of a new all-time high after a breakout. It is crucial to remember that risk management and stop loss are vital in cryptocurrency trading. Conclusion: In conclusion, ACH/USDT is currently trading at $0.03976, and a technical analysis of the chart suggests that if the triangle breaks upward, we may see another 100% rally in price. However, it is crucial to remember that cryptocurrency trading is volatile and risky, and risk management and stop loss are crucial for successful trading.
Long
by CryptoPatel
4
HBAR/USDT Short Scalp Analysis#HBAR/USDT Technical Analysis Alert Current Price: $0.068 Analysis: Bearish Resistances/Retest: $0.0687 Short Entry: $0.068 Target: $0.062 Stop Loss: Any 1-hour candle close above the red line. Remember, never open any trade without confirmation, and always use a stop loss to manage your risk. Disclaimer: This is educational content and not financial advice. Please conduct your own research before investing in any coins. Join our community for more trading insights and updates!
Short
by CryptoPatel
🔥 Arbitrum Falling Wedge Success: New All-Time High?In my last ARB analysis I talked about the falling wedge and the break out that I anticipated from said pattern. Both targets were hit with ease, congratulations if you took the trade. For now, I think the bull trend will continue. With BTC edging up and higher time-frames not even being overboughton ARB, there's a very decent probability that we're going to move towards the current all-time highs on the chart. However, on lower timeframes the ARB chart is overbought, so we might see a minor pull-back towards the yellow support area. Targets in blue. If BTC can confidently break above $30,000 we might see some huge buying power going to alts, which could even bring ARB to >$2, but that's for a later analysis.
Long
by FieryTrading
36
EGLD/USDT Technical Analysis Update ( Bearish Flag )Title: EGLD/USDT Technical Analysis: Bearish Trend Continues, $29 Target Expected Introduction: In this technical analysis, we will be discussing the current price action of EGLD/USDT and its potential future movement. Please note that this analysis is for educational purposes only and should not be considered as financial advice. It is always recommended to conduct your own research before investing in any coin. Current Price Action: EGLD is currently trading at $40, which is 9% down from the last entry. The coin has been facing a bearish trend and is currently down by 92% from its all-time high of $545. The recent low was at $32. Technical Analysis: Based on chart analysis, the bearish trend is likely to continue, and we can expect the price to reach a target of $29. However, if the price manages to break out above the $52 level and sustain above it, the bearish sentiment will end. In such a scenario, the upside target will be $100 to $125 after the breakout. Conclusion: It is essential to have a safe trading zone and be prepared with your positions. Never gamble with your hard-earned money and always conduct your own research before investing in any coins. Remember that this analysis is for educational purposes only and should not be considered as financial advice. Takeaways: EGLD is currently facing a bearish trend and is down 92% from its all-time high. Based on chart analysis, we can expect the price to reach a target of $29. The bearish trend will only end if the price breaks out above the $52 level and sustains above it. Always trade with a safe zone and conduct your own research before investing in any coins. Disclaimer: This content is for informational purposes only, and it should not be considered as financial advice. The information provided in this article is based on the author's personal opinion and analysis. Please conduct your own research before investing in any cryptocurrency.
Short
by CryptoPatel
ARBUSDT price analysisThe layer-2 token has witnessed huge trading volume since its listing in Binance. Since we don't have enough data available for analyzing price movement, we will be using 30 min timeframe. The token is witnessing resistance at $1.5729 and support at $1.1097. Taking these values as swing high and low, we can use Fibonacci retracement to find the upper target and lower target as the price breaks resistance and support, respectively. Upper target: $1.85 Lower target: $0.8235
by teakfinance
Arbitrum ARB price like a "dark horse". When to buy to win?Another "many promising" project - Arbitrum ARB There is a lot of hype around the project and a lot of listings, but at the same time, a lot of ARB giveaways and little trading history. We usually evaluate all crypto projects without a "wow effect" and not through rose-colored glasses). This approach may not give, 1000000% profits every day, but it also saves the deposit from a possible long-term drawdown. For example, we were thinking along the same lines when APT was priced at $9.5, and we wrote that we were ready to buy it no earlier than $2-4. Now the crypto market is on the verge of a possible correction, plus an increased supply of ARB from all possible airdrops can be thrown into the market, which can greatly lower the price. Now we would like to observe the price behavior of ARBUSDT, especially during a possible critical failure of the crypto market. We have identified the following levels as our assumptions: $1, $0.90, and $0.72, where we will look at the ARBUSDT chart as closely as possible and decide whether it is time to buy or not. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
40
ARB/USDT LOOKS READY FOR A 30% PUMP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this ARB/USDT trade setup. ARB looks good here. Breaking out from the descending triangle in the hourly time frame and currently retesting it. Long some here with low leverage. Target1:- $1.26 Target2:- $1.34 Target3:- $1.44 Target4:- $1.54 SL:- $1.14 Use low leverage (5x-6x) If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
3
🔥 Arbitrum Falling Wedge Bullish Break OutRecently I made an analysis on ARB and the fact that it seemed to start a new bullish trend after it bounced off a Fibonacci support. Whilst it came close to the target, Bitcoin's bearish price action drove ARB's price further down. However, it appears that ARB is currently on the verge of breaking out of a falling wedge, which is classically a bullish reversal pattern. Be patient for the break out to occur. Targets in blue.
Long
by FieryTrading
11