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ARBUSDT

ARBITRUM DOUBLE BOTTOMThis article is pure technical analysis. BINANCE:ARBUSDT is showing a double bottom pattern, indicating a potential bullish movement. But first, pay attention to its past price movement that led to a bullish movement of the coin, ARB had a multi-month trendline breakout. Through this trendline below there were multiple instances of resistance (highlighted in red) from the all-time high. As of this writing, the neckline is still showing its firmness as the price attempts to breakout after hitting it momentarily. This firmness is presented on this chart below through back testing procedure wherein we see instances of it being most as resistance line and support at times. For an intraday perspective, we have to wait for a confirmation for either breakout or breakdown plays. If a breakdown happens, I plotted some trendlines for a possible take profit areas by using basic support and resistance with backtesting. $1.0121 and $1.0619 will be my take profit areas to consider. On the other hand, I plotted a diagonal trendline support, when a massive sell confirms potentially could lead to reversal. Also, consider the MACD indicator in a 4-hour timeframe if MACD crosses along with weakening of the buying pressure that could lead to a reversal. BULL or BEAR: Still BULLISH considering market on a consolidation phase from the massive pump that happened days ago. Let's give the market the time to recover :) I'll give time to update the movement for this coin. Overall, scalp if you want to trade this coin and wait for those scenarios that I mentioned for intraday trade. Follow me on this platform for more market pattern ideas like this. I appreciate the support. Always PLAN your trades and happy trading!
Long
by luigi360swirl
ARB/USDT A Bullish Breakout on the Horizon? 👀 🚀 💎 Paradisers, ARBUSDT is on the cusp of a significant move, flirting with a resistance breakout that could pave the way for a bullish trajectory. 💎 Our observations have consistently shown Arbitrum adherence to a descending trendline, which it has now surpassed, indicating a bullish trend. Currently, it's challenging a resistance level at 1.0888, and a successful breach could lead to a surge towards higher resistance zones. The price's position above the EMA55 further bolsters the potential for an upward push. 💎 However, should ARBUSDT face a strong rejection at the 1.0888 mark, we might see it retreat to a support level at 0.8798 for a bullish resurgence. 💎 On the flip side, slipping below this support level could trigger a notable downtrend. Stay vigilant and ready to capitalize on the forthcoming market movements.
Long
by MyCryptoParadise
ARBUSDT Elliott Waves Analysis (Local Setup)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Targets: 0.87 and 0.9 after first target reached move ur stop to breakeven Stop: ~0.77 (depending of ur risk). ALWAYS follow ur RM . RR: 1 to 2 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
2
📈 ARB: 2-Day Double Bottom - Descending Triangle 🚨 Attention traders, we've got an exciting chart setup on ARB! A 2-day double bottom pattern is forming, with a descending triangle on the horizon. It's time to craft a trading plan for potential breakouts. Chart Analysis: Pair: ARB Timeframe: 2-Day Key Observations: Double Bottom: The ARB chart shows a clear double bottom pattern, indicating a potential reversal. 📉📈 Descending Triangle: A descending triangle has formed, suggesting a period of consolidation. 📉🔼 Support and Resistance: The recent double bottom acts as a significant support level. We aim for an upside breakout with resistance at the All-Time High (ATH) around $2. 📊🧩 Trading Plan: Entry: Consider entering a long position when the price breaks above the upper boundary of the descending triangle. Ensure this breakout is confirmed with strong volume. 🚀📊 Stop Loss: Set a stop loss just below the support level of the double bottom pattern to manage risk effectively. 🛡️⛔ Take Profit Targets: First Target: Around $2, which is the ATH. This level could act as resistance, so consider taking some profits here. 💰💼 Second Target: Beyond ATH, consider letting a portion of your position run in case of a price discovery phase. 🎯📈 Price Discovery Targets: In a bullish scenario where ARB experiences price discovery, we could see the price surge toward $20. This is a speculative but exciting target, and you may consider trailing your stop loss to protect gains. Risk Management: As with any crypto trade, remember that the market is volatile. Only invest what you can afford to lose and employ proper risk management strategies, including setting stop-loss orders. Disclaimer: This is not financial advice. Always do your research and consider consulting with a financial advisor before making any trading decisions. Keep a close eye on ARB as it approaches the apex of the descending triangle. Potential breakouts could be just around the corner. Happy trading, and may the markets be in your favor! 🚀💹 Note: TradingView posts are for educational and informational purposes only. Always conduct your research and use proper risk management when trading cryptocurrencies. 📚🔍
Long
by STP_MrNodeItAll
Dollar-Shop altcoins 💵 MATIC, SUI, ARBHi Traders, Investors and Speculators of Charts📈📉 For now, this is the last video in the 3-part series of altcoins that are trading well under 1 dollar. These coins make for great additions to a diversified portfolio AND with such a cheap price, why not get a few. You never know which one will 100x 🤑 SUI makes some great arguments in terms of fundamentals, including horizontal scalability and being able to directly pass an asset (such as an NFT), directly into a function argument; great for storage. MATIC looking like it wants go head back to the 30's: NOTE that these are accumulation ideas ideally. You can definitely swing trade once they have doubled, but keep a few around for incase one of them x10 or x100. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck BINANCE:MATICUSDT COINBASE:MATICUSD BINANCE:ARBUSDT COINBASE:ARBUSD BINANCE:SUIUSDT BITSTAMP:SUIUSD
by CryptoCheck-
46
ARBUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Target/reversal zone: 0.6 - 0.5$ after first target reached move ur stop to breakeven Stop: (depending of ur risk). ALWAYS follow ur RM . risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Short
by trytofeelpositive
3
ARB/USDT bullish ride? 👀 🚀 Arbitrum today analysis💎 Paradisers, turn your attention to #ARBUSDT as we've spotted it making intriguing moves, currently trading within a demand zone and gearing up for a bullish surge. 💎 A look back reveals that #Arbitrum broke out of its descending channel, embarking on an upward trajectory. Adding to this, a recent shift has been noted where a previous supply zone has transformed into a demand zone. This transition hints at a likely bullish continuation from this very demand zone. 💎 Another angle to keep in mind: if the price of #ARB breaks below this demand zone, it might descend to its previous low. And if it breaches that previous low as well, a continued downtrend could be on the horizon. In both scenarios, trade with caution and strategy. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights!
Long
by MyCryptoParadise
ARB/USDT Break the Descending channel, Bullish Momentum ???Yello Paradisers, Potential Coin! #Arbitrum 💎 ARB has broken out of the descending channel on the 4H timeframe. This could signify bullish momentum for ARB, especially if the daily candle closes above the pattern. 💎 Examining previous movements, ARB has been navigating within a falling wedge pattern. Interestingly, the most recent lower low did not reach the support trendline of the falling wedge, but it did align with the Fibonacci 1.414 target down. 💎 Should the breakout of the descending channel fail, ARB is likely to revert downwards to test the Fibonacci area. This could be an optimal accumulation point as prices touching the golden ratio of 1.618 often result in significant bounces. Notably, this golden ratio also coincides with the area support trendline, enhancing the likelihood of a price bounce upon contact.
by MyCryptoParadise_Nathan
18