ARB/USDT Symmetrical Triangle Breakout with Pullback OpportunityThe chart depicts a Symmetrical Triangle pattern, indicating a phase of consolidation followed by a confirmed breakout to the upside. Currently, the price is undergoing a pullback, presenting a potential opportunity for entry within the retracement zone.
Key Observations
1. The Symmetrical Triangle structure has already been breached, signaling the continuation of bullish momentum.
2. The price is retracing towards the $0.85–$0.84 zone, which aligns with key support and represents an attractive area for accumulation.
3. The projected target post-breakout is approximately $1.00, consistent with historical resistance levels and the triangle's measured move.
Strategic Implications
Focus on the pullback as a buying opportunity near $0.85–$0.84. Ensure the pullback holds within this range to confirm support and validate the bullish setup. Look for signs of reversal, such as bullish candlestick patterns or increased volume, to reinforce confidence in the trade. Set a stop-loss below $0.80 to mitigate downside risk, while aiming for the $1.00 target as the primary profit zone.
Arblong
ARB LONGThis analysis compares the current price action of ARB/USDT (left chart) with the previous Bitcoin cycle (right chart). The price action suggests a potential setup for a long position at a favorable discount, identified around the 0.382 retracement level (shown in red on the ARB/USDT chart).
Key observations:
We expect a significant pullback towards the 0.382 level, which has previously acted as a key support zone, creating a potential buying opportunity.
Similar to the previous Bitcoin cycle, the current price structure shows a sharp retracement followed by a possible continuation to the upside.
The next potential resistance zone, or "buyside liquidity," is marked on the chart, which could act as a target for the upcoming move higher.
Trade Plan:
Entry: At the 0.866 level or lower, near the 0.382 retracement zone.
Stop Loss: Below 0.7558
Take Profit : Target the next resistance zone near the 1.10 level, aligning with the buyside liquidity area or higher.
ARB Up To 26% ?!ARB has broken through the 1.16 level and is expected to find support in this area. After receiving support at this level, we can anticipate a move towards higher numbers with a potential breakout of the higher resistance at 1.236 (a breakout would be confirmed by a 4-hour candle closing above this price). The first target for this move would be 1.395, followed by a second target of 1.570, for a total R/R of 3.9.
Key Points:
Support: 1.16
Resistance: 1.236
Target 1: 1.395
Target 2: 1.570
R/R: 3.9
Please note that this is not financial advice, and past performance does not guarantee future results.
ARB: bullish with halving📊Analysis by AhmadArz:
🔍Entry: 0.8205
🛑Stop Loss: 0.6362
🎯Take Profit: 1 -1.15 -1.36 -1.50 -1.72 -1.89 -2.08 -2.21
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#ARB Pullback to structure and 61.8 FiboIn time h4, after correction in a descending channel, it is now out of the channel, which can be prepared to continue the upward path after the pullback to 618 Fibo, which is currently a resistance level, confirming the failure of the descending structure. Therefore, at the specified level, it is possible to continue the upward trend with confirmation.
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