ARBUSDT trade ideas
Arbitrum Descending Channel, Can It Go Much Lower?Arbitrum has been moving down since January 2024, more than 10 months. It has been moving down within a perfect descending channel.
This is a young chart so we do not have any long-term or historical support levels. It is hard to pinpoint just how far down it can go.
We know based on the Fibonacci sequence that the next strong support sits around $0.34, that is the 1.236 Fib. retracement level. There is another one, $0.10, at 1.386 but this is really far away.
The chart is bearish and pointing lower. We can know this based on the descending channel, lower highs and lower lows, and, based on the fact that four weeks closing green produced no significant growth. This happened in September.
So four weeks green and no significant growth, no volume, no bullish momentum. This tells us that buyers are not present. There is no one interested in buying at this point.
The chart is now set to move lower and produce a test of the 5-August low which sits around $0.43. Now, the chart points to new lows because of the lower highs but before getting to new lows this level will definitely be challenged, there will be some reaction around it.
This is a wait and see and after the next low we can expect a recovery. There is no significant bear volume either, this means that we are seeing the continuation of the bearish trend.
Ten months going down is a long time. The correction is likely reaching its end.
We will see some more red and the growth... Maximum growth after February 2025 (March 2025) —the period before is the recovery phase— and then maximum speed in the remaining part of 2025.
Patience is key.
Thank you for reading.
Namaste.
ARB Long SetupARB has dipped lower to sweep the low and garb the liquidity, and from a strong support level, the trend reversed to an upward movement by breaking through the trendline resistance.
Now, we just need to wait for a pullback into the discount zone, where we can place several limit orders in anticipation of a stronger upward move.
ARB USDTARB has just broken above the Descending Channel after a solid push from the support zone at $0.4565 to $0.4786 marked in Red . This is a significant move, as ARB has been consolidating between support zone in Red and the resistance zone at $0.6238 to $0.6390 from approximately 54 days, and approximately trading within the descending channel from 184 days.
The price of ARB has to break above the resistance zone in Blue for bullish moves. If it clears this zone, the next target will be the major resistance zone at $0.8263 to $0.9312, which could potentially ignite a strong upward rally.
If ARB loses momentum, we could see a pullback to retest the descending channel upper trendline or the support zone in Red.
Breakout Alert: #ARBUSDT Breaks Out of Descending Channel Yello, Paradisers! Could we be standing on the edge of a major market move for #Arbitrum? Let's break it down and see what's happening with #ARBUSDT:
💎#ARB has just broken above the Descending Channel formation after a solid push from the demand zone at $0.497. This is a significant move, as AMEX:ARB has been consolidating within this formation for the past 4-5 months, and now, this breakout opens up the possibility of a bullish rally toward the internal resistance.
💎To confirm this bullish scenario, we will need to see #ARB break above the key internal resistance at $0.637. If it clears this level, the next target will be the major resistance zone, which could potentially ignite a strong upward rally.
💎But here’s the catch: If #Arbitrum loses momentum, we could see a pullback to retest the breakout near the demand zone. If it fails to hold this level, the next likely target is the lower support at $0.428.
💎A breakdown below this lower support would invalidate our bullish outlook, handing complete control over to the bears, and #ARB could continue its decline.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
#ARB/USDT#ARB
The price is moving in a downtrend on the 4-hour frame and is about to rebound down
We have a trend to stabilize below the moving average 100
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a resistance area at the downtrend of the channel at a price of 0.5040
Entry price 0.5032
First target 0.4888
Second target 0.4685
ARB/USDT 15m 1h OB-MSS-EQH-FVGA good entry was made with a 0.15% drawdown from the hourly order block after MSS confirmation, with a 1:6 risk-reward ratio. The target is to take out the local equal highs in the daily imbalance zone. I'll see what the market forms there. There's a possibility of reaching the midpoint of the imbalance at 0.5520
ARBUSDT - forming the bottomhi traders,
Let's take a look at ARBUSDT on a 3D time frame.
In my opinion, the bottom may be in.
Bullish divergences on 3D time frame are about to play out.
Many traders are bearish at the bottom, but here it is clear to me that it's time to accumulate cheap ARB.
The entry, stop loss, and 2 targets are shown on the chart.
Good luck!
ARB - Trading Plan on the 1W Timeframe🔻Trend Break Point: Price needs to hold above $0.64 for a potential bullish trend break.
🔻Decision Zone: Key levels to watch for full profit-taking or continuation are $0.9 - $1.1.
🔻Fundamentals: After the Sybil airdrop rush, activity has significantly decreased. Monthly token unlocks every 16th could lead to manipulative movements.
🔻Downside Risk: If the lows are broken, it’s difficult to determine the next support level as the chart shows a potential freefall. Prices below this point are highly speculative.
🟢Green zone = buying opportunities. 🔴Red zone = selling or profit-taking zones. Watch for price action and setups in these key areas.
ARB Technical Analysis in a 3-Day TimeframeHello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
ARB recently reached a new all-time low of $0.4287. The current price of $0.5125 is holding at a support line and is likely to break out above the resistance trendline and the 21 EMA.
Once the price breaks above the resistance level, it will need to remain above it until the 3-day candle closes to stay on a bullish track.
The RSI is showing a bullish divergence, indicating a potential bullish move for ARB. All it needs is a breakout and a close above the resistance level.
Key levels:
- Primary Support/Entry: $0.5.
- Lower Support/Accumulation: $0.3718 to $0.4287.
- Resistance: $0.54-$0.61.
- Target: $2.425.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE