ARBUSTDnalysis of ARBUSTD Using Elliott Wave Theory and Rising Wedge Pattern Today, I conducted a detailed analysis of ARBUSTD using Elliott Wave Theory and identified a rising wedge pattern on the chart. The following observations were made as a result of this analysis:Shortby cat_meow_666Updated 1
Bullish pennantPossible bullish pennant on 30 minute chart, Im seeing good rejection along the .780 area, target price would be in the .819 range. However if price fails to reject the .819 range, I see it going down to find support at the .762 range Longby morgoththeking3
ARB - Great Recovery ARB has showed slight deviation below the key $0.74 level, but is currently showing a strong recovery to reclaim that level. The other thing I want to point out is on the weekly timeframe the strength index is bouncing exactly off oversold levels. A few months from now we could look at this signal aLongby VIAQUANT2
ARB (Last Dip Before the Bullish Move)The bearish trend of Arbitrum is coming to an end. A last dip around $0.6 : $0.7 is likely before the bullish move starts. We'll decide if the bullish move is corrective or impulsive during it. No clear invalidation so managing the risk is a must.Longby MohamedSewid2
ARB - Bottom is inHere based on our calculations we can conclude that there is a 93.8% chance that Arbitrum has found its low and these prices will not be revisited until the next bear market. If you take a look at the Coinbase chart, some institution or entity is heavily defending the $0.74 level. This level wasby VIAQUANT113
ARBUSDT 1D: IT'S TIME TO FLYARBUSDT 1D in BUY zone At this time ARB has already touched the support zone at 0.74. From this level, it skyrocketed at the end of 2023. If it holds this support and crosses the red downtrend line, we will see ARB fly again :) _____________________________________________________________________Longby DeuXfi6
Arbitrum Analysis | Consolidation with a Bearish BiasCurrent Chart Analysis: The daily chart of ARB continues to show a steady downtrend within a broad range. This pattern reflects sustained selling pressure and dominant bearish sentiment in the market. The price is approaching a significant support level around $0.76 - $0.74, historically serving asby TeddyVizion3
arbitrum ideaI think it tested its bottom of channel and try the upper end now. Any feedback?Longby DrSungDDS113
A couple potential breakout targets for Arbitrum’s bullflagOn the weekly timeframe the purple line represents the flagpole, however if I zoom out to the monthly timeframe the neon lemon lime trendline is the full pole of the bullflag. Not sure which one will be the most valid in the long run so I have posted measured move targets for both. *not financial adby DrDovetailUpdated 12
ARBAs long as ARB keeps getting pushed down by the 21ema ill be looking to load up in the .90cent range which isn't to far from where are now. Seems like the bottom could be near, if BTC goes below 57k then expect to go lower. Either way ARB at these levels are great to DCA in. by LONGshorts4217