ARBUSDT trade ideas
ARB PRESENTS 3RR IN IT FINAL 5TH ELLIOTT WAVE ON SMALLER TFFound something quite interesting and worthwile on BINANCE:ARBUSDT on the smaller timeframe. If all previous count is correct (which is expected to based on Eliott Wave Theory), wave 1-4 then i will say we will soon see a spike or movemnt for wave 5 which will create a new swing high. Expected gain is at least 6% and the risk reward ratio is within 2-3.7.
Invalidation level is clearly on the chart.
ARBITRUM - WE GOT THAT MINIMUM OF 6% FROM PREVIOUS CALLFew hours ago this premium call was given on BINANCE:ARBUSDT and it was stated clearly that the minimum expected gain is 6% which we now have. (see previous analysis on page or comment section for context.
Now that we have reached the minimum target you can take some profit prolly 70% of total position and set stop loss to breakeven. that means we have to risk associated to this position anymore. BINANCE:ARBUSDT
ARB - Ranges overview ARB seems to be trading around its mid range.
We have clean highs and clean lows defined.
We have a nice FVG (yellow box) on the left side which can still be run through. We will see how it goes from here.
As all the other idea it will go hand in hand with the BTC plan.
For now stay on the sideline and don't become an overzealous trader. Ask yourself... would you really want be front run in such a range....
BE PATIENT and THE TRADES WILL COME
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
ARB Short to .57-.78c range then Long to 1.35-1.60Not financial advice.
Trade ideas moving forward if you look to the left we had a failed inverse head and shoulders which leads me to believe we will repeat the pattern on a longer daily scale.
Saying all that rectangle box is entry.
To complete the head of inverse head and shoulders.
If pattern works out you can look for entry between .57-78c and dollar cost average into those ranges to verify the inverse head and shoulders setup with Take profit of 1.30-160 range moving forward.
Risk to reward pretty nice here
Always remember to practice Patience.
#PIK
Patience is Key
#TLAW
Think Like A Whale
Arbitrum analysis โIf ARB got daily closing below 1.0652 then we might see ARB going down towards 0.9448 level
โAt current ARB is trading at the Daily FVG...if btc started to pump or consolidated at the current levels then we might se ARB pump towards 1.2246 and 1.3499 levels
โAt current ARB is trading near the midpoint of the weekly FVG which should support the price for pump
๐#ARB will continue to rise based on the smiley structure๐We consolidated for a period of time after completing the short target, and finally formed a smiling face bullish structure. After breaking through the turning point, the smiling face bullish structure was established. At present, we have completed target 1 and encountered resistance in the resistance zone. After a period of pullback, there should be a lot of good performance. ๐
โ ๏ธNote, if our long defense point is broken then this bullish idea will be invalidated, there is risk in any trade, so donโt forget risk management. ๐ฏโ๏ธ
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๐๐ #ChartPattern Alert! ๐๐ ๐ Channel ๐A "channel," in the context of trading and technical analysis, is a chart pattern that forms when the prices of a financial asset move between two parallel lines, creating a kind of corridor or channel. There are two main types of channels: an ascending channel and a descending channel.
Ascending Channel: This channel forms when prices have an overall upward trend, but this trend is contained within two upward-sloping parallel lines. The lower level is the support, where prices often find buyers, while the upper level is the resistance, where sellers may come into play. Traders often view the ascending channel as a sign of the continuation of the existing uptrend.
Descending Channel: On the other hand, the descending channel forms when prices have a downward trend, but this trend is bounded by two downward-sloping parallel lines. The upper level is the resistance, where prices tend to retreat, while the lower level is the support, where minor bounces may occur. Traders typically interpret the descending channel as a sign of the continuation of the downtrend.
Channel analysis is an important tool for traders as it can help identify entry and exit points, as well as set profit targets and stop-loss levels. However, it's crucial to note that channels are not foolproof, and prices can break beyond the channel lines, signaling a change in trend.
In summary, a "channel" is a chart formation that depicts the direction and strength of a price trend in a financial asset. It's a useful tool for traders looking to make informed decisions about their market trades.
ARB is gearing up for a major pump - 25% loading! ๐ Get ready, crypto enthusiasts! ๐ ARB is gearing up for a major pump - 25% loading! ๐ Exciting times ahead as the market heats up. ๐ฅ Are you prepared to seize the opportunity? ๐๐น #ARBPump #CryptoNews #TradingAlert #BullishVibes ๐๐
Exciting developments in the $ARB ๐ Exciting developments in the AMEX:ARB universe! ๐ The charts are painting a promising picture with a Bullish Falling Wedge breakout and a robust Double Bottom formation. ๐ The technicals suggest a potential upward surge, and I'm gearing up for the ride!
๐ Currently loading up as we speak, eyeing a target of $1.8. ๐ฏ This setup seems to have the perfect recipe for significant gains. ๐๐ฐ The market sentiment is positive, and I'm ready to capitalize on this opportunity!
๐ Keep an eye on the charts, fellow crypto enthusiasts! ๐ Let's ride the waves together and aim for those impressive gains. ๐๐ #ARB #CryptoNews #BullishSetup #DoubleBottom #ToTheMoon #CryptoTrading #MarketWatch ๐