ARBUSDT trade ideas
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
ARB(ARBUSDT): BUYING OPPORTUNITY โช๏ธARB is engaged in Elliott wave surge following the formation of a twin base pattern on a daily timeframe. Analyzing from a 4H TF I spotted a bearish flag which suggest further downward move to the daily horizontal support.
Following a prolonged 5-wave surge, the ABC adjustment has commenced. Currently, the motion is in wave 3, and I anticipate its conclusion in wave 4. It is in this range that I will acquire extended positions...Tarde safely ๐โ
ARB - Heading Down To Print an Inverted Head & Shoulders PatternSome alts are now collapsing with bearish momentum candles and it was now a profitable decision to partially sell.
As we looked at before with the Resistance and Demand Line both providing liquidity pockets, this was an ideal setup for price movers to push up into the double pocket, trigger lots of stop losses and limit buys, then move back down.
And that is exactly what has happened and a Shakeout Reversal Pattern was formed; creating the Right Shoulder of a Head & Shoulders pattern and now ARB is dumping with a second bearish momentum candle printing.
We'll have to see where this candle closes, but if you look at the size of the current and previous candle, they are a fairly equal opposite compared to anything in the uptrend.
For that reason I think this may be a deeper correction here.
And so ARB will soon be hitting some supports if it continues down but I think this looks like it may get all the way back to re-test Left Shoulder Support and print a symmetrical Inverted Head & Shoulder patter as we looked at before and then if it gets there is will have a good chance to hit the 0.618 of the retracement Golden Window ๐ง.
Not advice
ARB/USDT Ready for an Explosive Journey? ARB Daily Analysis๐Yello, Paradisers take note as ARBUSDT displays a striking scenario at its resistance point, indicating a potential bullish departure from the Bullish Order Block (OB).
๐Arbitrum has recently pierced through its descending trendline, suggesting a climb is underway. It's currently facing a challenge at the 1.2624 resistance, yet the prospects for a bullish push originating from the Bullish OB are promising.
๐An additional bullish sign is ARBUSDT's sustained strength above the EMA100, adding weight to the optimistic scenario.
๐Nonetheless, traders should remain alert: a fall beneath the 0.940 level may signal a shift to bearish territory. Keep a close watch and strategize with prudence.
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