ARB target 44h time frame
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ARB creating a potential triangle structure, which is also a continuation structure of the wave from 0.76~2.42. Furthermore, this is the possible 2nd wave of Elliott impulse wave, that perform as a correction for previous pump. Therefore, if ARB go back to the uptrend line of triangle again, there is an opportunity to open long.
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TP: 4
SL: 1.5
ARBUSDT
Arbitrum | ARB ( Whales buy the dip )The price of Arbitrum is $1.48 today with a 24hour trading volume of 818 million dollar. This represents a 12.50% price increase in the last 24 hours with a circulating supply of 1.3 Billion ARB.
Whales buy the dip! but why ? after Arbitrum started distributing governance tokens to eligible decentralized autonomous organizations, some whales have been adding to their stacks.
Earlier today, one address holding 1.95 million Arbitrum governance tokens, worth roughly $2.7 million, received nearly 200,000 dollar in ARB from Binance at the time, the price of one token was 1.38
Not long before, a second address holding 1.78 million governance tokens ,worth 2.5 million dollar, spent 80 ETH on buying roughly 146,000 worth of ARB at 1.34 dollar per token.
Arbitrum, the leading Layer 2 network on Ethereum, began distributing governance tokens to DAOs earlier this week. Its core team previously designated 1.13% of the overall 10 billion governance token supply, equivalent to 113 million ARB with a current value exceeding 145million, to be distributed among qualifying projects in the Arbitrum ecosystem. he distribution of governance tokens to DAOs is intended to help bootstrap activity on the Arbitrum network. The tokens may be allocated to projects' treasuries or used for other objectives, as determined by the respective DAOs.
Projects receiving governance tokens include Uniswap, Sushi, Aave, GMX, Hop Protocol, Radiant Capital, Balancer, Synapse, MakerDAO, Curve, Layer Zero and 1inch.
next targets are 1.5 and 1.5$
Waiting on breakout for LONG Trade - ARBBINANCE:ARBUSDT (1D CHART) Technical Analysis Update
ARB is currently trading at $1.8838 and showing overall bullish sentiment. Price is playing inside the triangle and tested the support zone multiple times and now its looking to bounce back from the support. This bounce back could break the resistance. We are looking at a LONG trade if the price breaks the resistance line.
Entry level: $ 2.2188 (after candle close above this price)
Stop loss level: $ 1.7284
Target 1: $ 2.395
Target 2: $ 2.624
Target 3: $ 3.024
Target 4: $ 3.6069
Max Leverage: 3x
Don't forget to keep stop loss.
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Cheers
GreenCrypto
Should you buy this layer-2 token?Arbitrum stands out as a premier layer-2 scaling solution, witnessing a remarkable surge in its token price, soaring by over 300% from its recent low of $0.5 to $2.4. This surge has captivated the attention of investors, especially amidst the bullish sentiments of 2024. Presently, the token's trajectory indicates a bearish trend, hovering close to its support level of $1.7, which also aligns with the 0.618 Fibonacci retracement level. An anticipated unlocking of $2 billion worth of tokens is slated for March 16, 2024. Following this event, there may be opportunities to acquire the token at levels of $1.5 and $1.2.
ARBUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: Market and lower
Target: 2.3 - 2.5 - 2.7
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
BTC.D : ALT SEASON = Dominance Hi Guys ,
Bitcoin dominance chart shows that it has been in an ascending channel for a long time and after hitting the ceiling of the channel, it is now ready to fall with the change of structure. We can expect a good altcoin season.
SecondChanceCrypto
⏰ 19/FEB /24
⛔️DYOR
Always do your research.
If you have any questions, you can write them in the comments below and I will answer them.
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STGUSDT H4Hi Guys Hope You well
We are now Here to share you our idea.
Do the best .
SecondChanceCrypto
⏰ 19/FEB /24
⛔️DYOR
Always do your research.
If you have any questions, you can write them in the comments below and I will answer them.
And please don't forget to support this idea with your likes and comments.
$ARB Arbitrum Arb in Symmetrical Triangle Pattern... Up or Down?LSE:ARB Arbitrum price action currently in a Symmetrical Triangle
Current price: $1.82
#arb had a 35% retracement from a height of $2.4
Continuous breakdown will find supports: 1.69, 1.54
Else Expect LSE:ARB to retest previous resistances and even reach all time highs, Resistances: 1.98, 2.1, 2.21, 2.34, then 2.49, 2.64, 2.82, 2.96
ARB ANALYSIS (4H)On the chart, from where we entered "START", we seem to see a correction.
This correction seems to be a diametric.
There was a suitable place for the termination of the F wave on the chart, which we marked with red color.
If the price reaches this range, you can enter a sell/short position.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ARB/USDT Keep an eye on the demand, Potential Bounce hard!!💎 ARB has witnessed significant developments in the market. After achieving a new all-time high (ATH), the price has experienced a significant decline, and there is a possibility that it will continue to drop until it reaches the demand area around the 1.37 area.
💎 Once it reaches this demand area, there is potential for a bounce, which could lead to a continuation of the upward movement and the probability of setting a new ATH.
💎 However, if ARB reaches the demand area and does not show a positive response, such as consolidating in that region, this could be a concerning sign.
💎 It suggests that there is potential for the price to break down below the demand area and continue its downward trajectory, possibly heading towards the next lower demand area or even reaching the key support area.
ARB ANALYSIS🔮 #ARB Analysis 💰💰
🌟🚀 #ARB is retesting its crucial support zone. Also it is trading above its support zone and 50 EMA works as a crucial support. If #ARB successfully retests and sustain above the support zone then it may leads to a rally towards $2.4353 📈📈
🔖Current Price --- $1.7889
🎯Target Price -----$2.4353
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #ARB . 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#ARB #Cryptocurrency #DYOR
Arbitrum ($ARB) - Ranging for now, demand sitting belowThis idea is that ARB will see ranging price action with significant swings over the coming days weeks. Reclaiming the equilibrium would be major, but not sure if we get that just yet.
If the range is lost, I see this heading toward $1.30
Some serious gains to be made even if it ranges for a little while. Overall structure is strong and bullish for a longer term outlook however.
Cheers
ARB/USDT Bullish continuation from demand ?🚀ARB Today Analysis💎 Get ready, Paradisers! #ARBUSDT is on the brink of what looks like a profitable leap, showing all the signs of picking up steam from its current demand zone.
💎 Diving into #ARBITRUM latest trends, it took a little dip below the demand level, nudging the market vibe towards the sell side. Yet, with the price brushing against buying liquidity around this key point, a bullish rebound from the deeper demand at $1.3823 seems on the horizon. If LSE:ARB can keep up the pace after hitting this mark, we're potentially looking at a climb towards the juicy supply zone at $2.4078.
💎 But let's not forget, the trading arena is all about staying one step ahead. Should our star player fail to keep the bullish energy alive from its lower stance, a further drop could be in the cards.