Arbitrum
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!
One more low for me to take a position on ARBUSDIt looks like ARB is following a descending channel pattern right now. This pattern is formed by connecting the lower highs and lower lows of its price using parallel lines, showing that it's on a downward trend. From what I've observed, I believe that ARB's price might touch the bottom of this descending channel before it starts moving upward towards new highs.
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$.
ARB/USDT is Ready to Fly, Arbitrum Analysis Today Dear Paradisers, Take Notes!
ARB finds itself at a pivotal juncture within a triangle formation, hinting at an intriguing turn of events.
💎 At this moment, ARB is making strides to emerge from this triangle. A successful emergence could pave the way for a bullish surge.
💎 However, if the bulls falter in their breakout attempt, ARB might circle back to test its support around the $1.11 mark. As always, the broader market's pulse will be instrumental in shaping this breakout's direction.
💎 On the whole, we're buoyant about ARB reaching these anticipated milestones. Stay tuned with #MyCryptoParadise for more insights!
Radiant: Surpassing AAVE and a Promising Future in Bull Market bRadiant (RDNT) has positioned itself as a formidable contender in the decentralized finance (DeFi) world. With innovative features and cutting-edge technology, RDNT is gaining investor trust, indicating its readiness to outperform market giants like AAVE. Furthermore, with the approaching Bull Market and BTC Halving, Radiant is poised for notable appreciation.
The Rise of Radiant:
Radiant has emerged as a leading DeFi platform, presenting a unique set of features that cater to the demands of the modern financial landscape. Its omnichain financial market allows transparent deposits and loans of assets across various chains, effectively eliminating liquidity silos and fostering a truly interoperable DeFi ecosystem. This flexibility opens new opportunities for investors, giving Radiant a competitive edge over traditional players.
A Secure and Reliable Platform:
One of Radiant's key strengths is its unwavering commitment to security. The platform has undergone rigorous testing and audits by renowned security firms, ensuring the protection of user assets and the integrity of its protocols. This level of diligence has garnered the trust of over 28,000 holders, bolstering its reputation as a reliable DeFi platform.
Controlled Emissions and Sustainable Growth:
Radiant's controlled emissions structure with Dynamic Liquidity Providers (dLP) is a strategic differentiator. By rewarding dLP providers with RDNT, Radiant encourages active participation, creating a sustainable and balanced ecosystem. This approach aligns with the essence of DeFi 3.0, setting Radiant apart from projects with high-emission governance tokens and limited utility.
A Promising Future for Radiant:
With the impending Bull Market, the cryptocurrency market witnesses a general increase in prices, resulting in higher demand and trading volume. Built on solid fundamentals, Radiant is poised to capitalize on this optimistic momentum, potentially surpassing market giants like AAVE.
BTC Halving Catalyst:
BTC Halving, a significant event in the cryptocurrency world, brings a reduction in mining rewards, limiting the supply of new BTC. Historically, Halving events have been followed by Bull Markets. Radiant, with its innovative approach and growing community, has the potential to benefit from this market trend, propelling its value to new heights.
Conclusion:
Radiant's potential to surpass AAVE and its promising future in the imminent Bull Market present exciting prospects for investors and enthusiasts alike. As the platform continues to innovate and expand its functionalities, Radiant is well-positioned to become a dominant force in the DeFi space. With BTC Halving as a potential catalyst, the time to embark on Radiant's journey towards a decentralized financial future is now.
GNS (Gains Network) Long-Term OutlookHere's my long-term outlook on GNS.
Fundamentals:
Looking at Gains Network Price-to-Sales (P/S) and Price-to-Fees (P/F) ratios both indicate that GNS is extremely undervalued (by between 4-16x) when compared to the same ratios of similar platforms.
Daily trade volume and daily users are increasing linearly, while daily trading fees has begun to grow exponentially. gDAI price is increasing linearly as expected, even though both Polygon and Arbitrum vaults are overcollateralized. This means more traders are using Gains, and stakers are benefiting.
The amount of staked GNS has remained fairly constant, while the GNS supply peaked in March 2023 and has become linearly deflationary since June 2023.
Technicals:
Technicals look very good, Buyers and Sellers historically have reached standstills at the following prices (± $0.10) :
$5.00
$5.50
$6.00
$9.00
$12.00
Each of these are key S/R levels.
RSI is crossed over it's MA right at 50 and trending upward which is very bullish considering we're testing the top of a major liquidity zone, however the momentum has crossed bullish, which means bulls are not quite ready to pull the trigger to the next resistance level.
Assumptions:
1. Gains user base continues to grow at the rate it has been, beginning to rival GMX.
2. Arbitrum continues to hold substantial L2 TVL.
3. The underdog competition MUX Protocol, which has grown exponentially faster than both GMX and GNS (in terms of TVL and number of users since respective date of inception) doesn't take away GNS market share and the fact that it's trading aggregator utilizes Gains for some trades is beneficial to Gains P/F.
I'm pretty confident about move #1 that we're due for a retest of the last pivot low before we see any real upwards movement. Obviously, each move is based on the previous one and the assumptions listed above.
This is not financial advice. DYOR. Manage risk.
Radiant: Rising to Surpass AAVE and a Bullish Future AheadRadiant (RDNT) has positioned itself as a formidable contender in the world of decentralized finance (DeFi). With innovative features and cutting-edge technology, RDNT is gaining the confidence of investors, indicating that it is set to outperform market giants like AAVE. Moreover, with the approaching Bull Market and BTC Halving, Radiant is primed for a remarkable surge in value.
Radiant's Ascension:
Radiant has emerged as a leading DeFi platform, showcasing a unique set of features that cater to the demands of the modern financial landscape. Its omnichain money market allows seamless asset deposits and borrowing across multiple chains, effectively eliminating liquidity silos and fostering a truly interoperable DeFi ecosystem. This flexibility opens new opportunities for investors, giving Radiant a competitive edge over traditional players.
A Secure and Trustworthy Platform:
One of Radiant's core strengths is its unwavering commitment to security. The platform has undergone rigorous testing and auditing by reputable security firms, ensuring the safety of user assets and the integrity of its protocols. This level of diligence has earned Radiant the trust of 28,000+ holders, fortifying its reputation as a reliable DeFi platform.
Gated Emissions and Sustainable Growth:
Radiant's gated emissions structure with Dynamic Liquidity Providers (dLP) is a strategic differentiator. By rewarding dLP providers with RDNT, Radiant incentivizes active participation, creating a sustainable and balanced ecosystem. This approach aligns with the ethos of DeFi 3.0, distinguishing Radiant from projects with high-emission governance tokens and limited utility.
A Bullish Future for Radiant:
As the Bull Market approaches, the cryptocurrency market experiences a surge in overall prices, leading to increased demand and trading volume. With Radiant's strong fundamentals, the platform is poised to capitalize on this bullish momentum, potentially surpassing market giants like AAVE.
BTC Halving Catalyst:
The Halving of BTC, a significant event in the cryptocurrency world, brings a reduction in mining rewards, limiting the supply of new BTC. Historically, Halving events have been followed by Bull Markets. Radiant, with its innovative approach and growing community, stands to benefit from this market trend, potentially catapulting its value to new heights.
Conclusion:
Radiant's potential to outperform AAVE and its bright future in the upcoming Bull Market present exciting prospects for investors and enthusiasts alike. As the platform continues to innovate and expand its functionalities, Radiant is well-positioned to become a dominant force in the DeFi space. With the BTC Halving as a potential catalyst, the time to be part of Radiant's journey towards a decentralized financial future is now.
ARB/USDT Bullish move incoming?👀 🚀Arbitrum Today Analysis
💎ARB is making a fascinating move as it's currently trading in a demand zone and is primed for a bullish surge.
💎 A few days ago, it skillfully tapped into the bearish Order Block , made equal highs, and initiated a downward move to mitigate the Bullish OB and seize buying liquidity.
💎 Currently, it's nearing a crossover with the EMA 55. If the price maintains its momentum above this, it could trigger an upward move.
💎 Above, there's a supply zone where the price is expected to retest due to remaining liquidity.
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Ascending to the Top 10 MarketCapRadiant (RDNT), the trailblazing decentralized finance (DeFi) platform, is not only set to surpass AAVE but aims for the coveted Top 10 spot in the cryptocurrency marketcap. With its game-changing features and an unwavering commitment to growth, RDNT is primed to make a significant impact in the blockchain industry.
Embraced by a fast-growing community of over 28,000 holders, Radiant has garnered widespread trust and support. Its smart contracts have been thoroughly vetted and audited by leading security firms, instilling confidence in users that their assets are well-protected.
At the core of Radiant's rise lies its dedication to innovation. The platform's omnichain money market empowers users to seamlessly deposit and borrow assets across various chains, defying the limitations of traditional finance. This breakthrough approach consolidates fragmented liquidity, propelling DeFi into a new era of accessibility and convenience.
RDNT's gated emissions model further strengthens its position as a sustainable DeFi leader. Dynamic Liquidity Providers (dLP) are rewarded for their active contributions to the protocol, fostering a balanced ecosystem for long-term success.
Radiant's roadmap sets ambitious goals for expansion, with cross-chain functionality and a diverse range of collateral options on the horizon. By consistently pushing the boundaries of what's possible in DeFi, RDNT is poised to secure a place among the Top 10 marketcap, joining the ranks of the most influential cryptocurrencies.
As the radiant glow of RDNT illuminates the crypto space, investors, enthusiasts, and DeFi enthusiasts are drawn to its potential for transformative growth. By aligning cutting-edge technology, a vibrant community, and a clear vision for the future, Radiant is ready to shape the financial landscape and pave the way for a new era of decentralized finance.
Don't miss out on the Radiant revolution—join us as we rise to the Top 10 and beyond. Together, let's unlock the full potential of DeFi and create a radiant future for all.
The Next Evolution in DeFiRadiant, a cutting-edge decentralized finance (DeFi) platform, is poised to revolutionize the world of digital finance. With its innovative approach and commitment to security, Radiant aims to surpass industry giants like AAVE and become a trusted leader in the DeFi space.
Trusted by more than 28,000 holders worldwide, Radiant has already garnered a strong and loyal community. As a testament to its reliability, Radiant's smart contracts have been thoroughly battle-tested and audited by multiple leading security firms, ensuring that users can confidently participate in the platform without compromising their assets.
One of Radiant's key strengths lies in its commitment to security. The platform's development team has made security its highest priority, implementing robust measures to safeguard user funds and personal information. With Radiant, users can rest assured that their assets are protected by state-of-the-art security protocols.
But Radiant isn't just about security—it's about pushing the boundaries of DeFi. With its omnichain money market, Radiant allows users to deposit and borrow assets seamlessly across various chains, eliminating the need for multiple transactions and bridging the liquidity silos that have long plagued the industry. This consolidation of fragmented liquidity enhances the overall DeFi ecosystem and creates a more seamless and user-friendly experience for all participants.
In line with its forward-thinking vision, Radiant embraces sustainability with its gated emissions model. The Dynamic Liquidity Providers (dLP) mechanism incentivizes users who actively contribute to the protocol, fostering a more equitable and sustainable DeFi landscape.
As Radiant continues to expand its cross-chain functionality and support for various collateral options, it sets itself apart as an innovative force to be reckoned with in the DeFi 3.0 era. By combining cutting-edge technology, a dedicated community, and an unwavering commitment to security, Radiant is poised to surpass industry giants like AAVE and establish itself as a driving force in the decentralized finance landscape.
Join the Radiant revolution today and experience the future of DeFi in its full brilliance.
Arbitrum Long term tradeBack at it again with another huge potential trade setup. This time it's Arbitrum the layer 2 scaling solution for Ethereum, designed to improve scalability and reduce transaction costs on the Ethereum network. While I cannot predict the future with certainty, I can provide you with some potential reasons why Arbitrum crypto token could experience significant growth and increase in value:
Scalability Solution: Ethereum has been facing scalability challenges due to its limited transaction throughput. Arbitrum aims to address this issue by providing a layer 2 solution that can process a high number of transactions off-chain, while still maintaining the security and decentralization of the Ethereum mainnet. If Arbitrum gains widespread adoption as a scaling solution, it could attract more users and projects to the Ethereum ecosystem, which could positively impact the value of the Arbitrum token.
Lower Transaction Costs: Ethereum's high transaction fees have been a concern for users, especially during periods of network congestion. By utilizing Arbitrum, users can benefit from lower transaction costs since most of the transactions are processed off-chain. This cost efficiency may incentivize more users and decentralized applications (dApps) to adopt and utilize the Arbitrum network, potentially driving up the demand for the token.
Arbitrum's impressive performance in terms of TVL, volume, and user metrics, despite being a relatively new token, demonstrates its strong adoption and growth potential. Despite launching only a few months ago, Arbitrum has managed to achieve metrics that has far exceeded Solana's.
In my trading analysis, I have identified an attractive opportunity with Arbitrum crypto token. My strategy focuses on high-reward, low-risk investments to maximize the probability of returns.
If price drops to 0.8$ i will buying a nice bag and riding it to these targets, potentially 70x for the next bull cycle. However, if the price does not reach $0.8 and the market structure appears bullish, I will adjust my approach. In such a scenario, I will employ a breakout strategy, carefully observing and buying on upward price breakouts.
It's important to note that this is a long-term play, and I anticipate holding my positions until 2024. I am confident in the prospects of Arbitrum as a new narrative in the crypto space, as old narratives die new ones like Arb are born.
By strategically selecting assets with higher betas but lower risks, I aim to achieve substantial returns while maintaining a calculated approach.
Don't forget to take profits when the time comes, buying at these prices could be life-changing, the upcoming weeks will be crucial.
As always stay blessed and drop a follow to read what other tokens I will be buying soon!
ARB Arbitrum Bullish Trendline ARB is currently displaying a bullish trend continuation pattern, indicating the potential for further upward movement in the near term. The price action suggests ongoing buying pressure and positive market sentiment, signaling the possibility of continued price appreciation.
Considering the bullish trend continuation, it is reasonable to set a price target of $1.20 for ARB. This target represents the projected upside that could be achieved if the bullish trend persists.
Looking forward to read your opinion about it!