ARBArb is displaying weakness with bearish downtrend candles on the 1-hour time frame, which is why I am taking a short position.
ARBUSDT trade ideas
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
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 $2.7 million, received nearly 200,000 dollar in ARB from Binance at the time, the price of one token was 1.38
Not long before, a second address holding 1.78 million governance tokens ,worth 2.5 million dollar, spent 80 ETH on buying roughly 146,000 worth of ARB at 1.34 dollar per token.
Arbitrum, the leading Layer 2 network on Ethereum, began distributing governance tokens to DAOs earlier this week. Its core team previously designated 1.13% of the overall 10 billion governance token supply, equivalent to 113 million ARB with a current value exceeding 145million, to be distributed among qualifying projects in the Arbitrum ecosystem. he distribution of governance tokens to DAOs is intended to help bootstrap activity on the Arbitrum network. The tokens may be allocated to projects' treasuries or used for other objectives, as determined by the respective DAOs.
Projects receiving governance tokens include Uniswap, Sushi, Aave, GMX, Hop Protocol, Radiant Capital, Balancer, Synapse, MakerDAO, Curve, Layer Zero and 1inch.
next targets are 1.5 and 1.5$
ARB forming a bullish pattern.ARB forming a bullish pattern here.
●ARB forming a Bullish Pennant pattern.
●Successful breakout of the pennant and retest would take ARB up for $3 easily.
●Also the bounce from the Daily FVG is a plus point here.
Arbitrum $1.955 ➥ $3.70Arbitrum $1.955 ➥ $3.70
Entry Price: $1.955
Stop Loss: $1.848
First target: $3.70
Second target: $9-$19
Arbitrum is a Layer 2 scaling solution for the Ethereum blockchain that powers fast smart contract transactions while reducing transaction costs. Layer 2 solutions can scale the base Layer 1 blockchain by delegating complex computational tasks, such as transaction processing and data storage to the second chain.
#ARB/USDT is testing the Diagonal Trendline in 4-Hour TF!#ARB/USDT is testing the Diagonal Trendline in 4-Hour TF!
Waiting for Breakout above the Trendline and a retest on LTF to long it. The local resistance level is PDH $1.958 and the local support level is PDL $$1.8695.
ARB idea💡 I anticipate a correction from arb due to its significant expansion, forming a double top pattern that could potentially result in a price decline. This is why I am shorting arb.
ARBUSDT - SWING - 26-08 03/24This technical analysis is for informational and educational purposes only. It does not constitute financial advice. Remember to always research and consult with a professional before making investment decisions. Good luck!
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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Arbitrage #ARB #longARB has broken out from the resistance zone and is currently testing it as a support level. I am in a long position with a tight sell stop and a high reward-to-risk ratio.
ARB - LONGAttention! 🚨
This technical analysis is for informational and educational purposes only. It does not constitute financial advice. Remember to always research and consult with a professional before making investment decisions. Good luck! 📈💼🚀 I
Arbitrum - hold redI currently like ARB at this level - would like to see a bounce soon to maintain red band.
Holding the range well overall, expecting relief soon but question is if this macro range can break to the upside.
I'm of the opinion it will, but perhaps some more chop in the mean time.
Mcdonalds pattern and what levels are profitable?$1.5 the first support level I have set the limit order on, it has more risk then levels next to it
$1.4 is solid support with that OB, I put more risk on it
$1.1 should be bottom for the whole correction
follow risks and you will make it.... para-pa-pa-paaa
ARB idea💡 Arb recently experienced a significant dump, possibly due to the formation of a head and shoulder pattern. It now needs to reach its neckline and release trapped traders. With this in mind, I have decided to take a long position. If you have concerns, please refrain from going long.
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.
ArbitrumAttention! 🚨
This technical analysis is for informational and educational purposes only. It does not constitute financial advice. Remember to always research and consult with a professional before making investment decisions. Good luck! 📈💼🚀
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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
short ARBArbitrum is breaking through the ascending trendline. The bearish movement to support level at $1.57 is expected to happen
Now, it' s #arbitrum 's $ARB TurnBullish cup and handle pattern is processing...
I always said: Arbitrum is undervalued.
NOT FINANCIAL ADVICE.
ARB is forming an ascending channelIf ARB can stay within the ascending channel, we could see a rise towards the top of the channel. A position can be opened with a tight stop-loss order.
ARBUSDTmy entry on this trade idea is taken from a point of interest below an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
ARBUSDTmy entry on this trade idea is taken from a point of interest below an inducement .. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. its just a trade idea, not financial advise
Bullish Gartley Pattern EmergingBullish Gartley Pattern emerging...with ARB unlocking more tokens this could drive the price down, with more overall uplift for this token later in the year to meet the 161.8% extension...
