ARBUSDT trade ideas
Undervalued $ARBCould see retest of a market structure breakout from a Monthly and ATH level...
Fixed Range PoC lines up with VaH to create strong support at $1.90 $2 mark
Would fit for a third hit on second parabolic yellow trendline
Lines up with the 0.66/0.0618 Fibs
Hits on Band 1 of anchored VWAP
Good confluence...
Look for a third drive up for 35% return on Swing. SFP/Failed auction set up for short...?
Thoughts?
Arbusdt Bullish setup discovered with potential targetArbusdt is currently displaying a bullish flag and pole formation, indicating a robust breakout. The important support zone presents an opportune area for immediate coin accumulation, showcasing strong potential for upward movement.
On the flip side, there exists an immediate resistance level, also functioning as an internal supply zone. Paying close attention to this level is crucial as the price reaction there will be pivotal in determining the coin's future trajectory. The reaction to this resistance will significantly impact the next market moves.
The setup target is visually illustrated on the chart, offering traders a clear reference for potential price movements.
To manage risk effectively, it's advisable to adhere to the provided stop loss in your trading strategy. Remember, a well-placed stop loss helps safeguard your positions and manage risk exposure.
Your support through likes and comments is greatly appreciated. Your engagement encourages further analysis and insights. Thank you.
Mock Up Price Action for ARB | Near-Mid Term (12HR)Mock Up Price Action for BINANCE:ARBUSDT | Near-Mid Term (12HR)
- Watching and waiting for opportunities to enter short
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
ARBUSDT #001 ( Bullish Flag raises ,small correction & continue Hello dear traders.
Good days .
Weekly Bearish Gann Square finished and bullish cycle started .
Bullish Gann square is plotted and first Elliot leg is passed , with small correction to get support from lower Gann Fan will continue upward move .
Chart updated and route plotted with help of Gann Square and Gann Box.
Good luck and safe trades.
Thanks for your support and comments
ARB Plan 0.04The arb’s graph is moving in an Elliott wave pattern. Wave (3) has a 1-2-3-4-5 subwave structure, which is an impulse wave. Now, it is increasing in wave 3 of Wave (3), which is a correction double combination. Wait for wave 3 to complete and then enter the trade at wave 3 to target wave 4. However, one shouldn't trade against the trend. We should wait for wave 4 to complete and then enter the trade at wave 4 to target wave 5 of wave (3).
ArbusdtPretty clean bearish harmonic here..
We're in price discovery so hard to want to short it but if we start pulling back
Might simply retest the previous ath breakout and not push as low as the 0.236 but its the last harmonic target
Pretty clean invalidating here on pushing to new highs..
If we're going to get a post etf news
Pre halving sell off
Then the 0.236 could be the God tier entry on a massive down wick sort of thing..
Overall the markets still very bullish eths turn now.. but harmonics can show areas where to apply caution or take some profit incase of pullbacks..
ARB/USDT LONGT=1.85
T2=2.11
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
The pattern was first described by William J. O'Neil in his 1988 classic book on technical analysis
ARB Surges 6% And Shows No Signs of Slowing DownBINANCE:ARBUSDT retested the $1.6740 support level twice in the last 3 days. Despite breaching the level during these retests, bulls were able to prevent the altcoin from closing a daily candle below this mark. Looking at the past 24 hours, ARB has entered into a bullish move, and looks to add to the positive trend that it has been in throughout the last couple of weeks.
The medium-term bullish trend in ARB is apparent, as indicated by a positively inclined trendline on its daily chart. If this trend persists, the Arbitrum price might surpass the $1.99 resistance within the next 48 hours, potentially setting the stage for the cryptocurrency to reach a new all-time high.
ARB May Break Out Soon
It's important for traders and investors to recognize the formation of a symmetrical triangle on ARB's daily chart, following the altcoin's pattern of higher lows and lower highs in recent days. If this chart pattern holds true, ARB could possess the momentum needed to break through the $1.99 barrier.
On the other hand, if traders opt to secure profits, leading to increased selling, the Arbitrum price might fall back to the $1.6740 level in the forthcoming 48 hours. Persistent selling pressure could further push ARB down to around $1.3470 in the short term.
Technical indicators on ARB's daily chart are currently hinting at an impending bullish move. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing bullish signs. The MACD line is beginning to ascend above the MACD Signal line, suggesting a strengthening bullish trend for ARB. Simultaneously, the RSI is poised to cross above its Simple Moving Average (SMA) line. The intersection of these two lines would act as a significant bullish technical signal, indicating that buyers are gaining the upper hand over sellers.