ARBUSDT trade ideas
ARB Buy TradeHere is my Study on ARB..
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🟢 ARBUSDT 🟢 LONG - Local on 20.084-hour Chart - ARBITRUM BINANCE:ARBUSDT BINANCE:ARBUSDT.P
Following a strong bearish impulse, we observed a significant rebound.
A long-term movement is emerging through the MSS.
I anticipate a continuation of the bullish momentum towards the removal of EQH (liquidity shelf) within the range of 1.1921 - 1.2068.
... subsequently, I expect to witness a reaction and further downward movement towards the removal of SSL (0.8996).
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ARB USDT Bearish scenario for the YTD!Technical Analysis for this is Bearish, all the MA, Fib, and Structure says bearish.
Sentiment Analysis we just did a wall on it, so more news about how ARB will not be the narrative, which will be more bullish as to our next bull market scenario. The same narrative you get for SOL during 2018 when it was made, it reached its ATL on 1D tf. Crazy, then 2021 bullmarket entered everyone was rich. I cannot say more. ARB is going to be something I will buying more as it threads down. Wait for sideways buy only the confirmations. Watch Trendlines then match it with the news.
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I am fairly certain that this is wave 5 of the larger wave 2, which will likely exhibit swift and strong characteristics to prompt retail investors to sell coins at a lower price and incur losses. I am awaiting confirmation of a bullish divergence. As you can see from the chart, you will notice a similar pattern of candlesticks that I circled before the price surged dramatically
NFA!
ARBUSDT wants the breakout ?ARBUSDT wants the breakout ?
Flag Breakout: ARBUSDT has experienced a clear breakout from a flag pattern. A flag is a continuation pattern that resembles a rectangle or parallelogram and forms after a strong price movement. A breakout from a flag often indicates a potential continuation of the prior trend.
Testing 0.618 Fibonacci Level: The price is currently testing the 0.618 Fibonacci retracement level. The 0.618 level is derived from the Fibonacci sequence and is a key level in technical analysis. It's often used to identify potential retracement levels during price corrections.
Resistance Flip: You've indicated that if the price manages to flip the resistance at the current level, you are considering a new long position according to your trading rules. Flipping a resistance level to support is a common technical pattern, where a former resistance level, once broken, becomes a potential support level for future price movements.
New Long Position: As per your analysis, a new long position would involve buying ARBUSDT with the expectation that its price will rise. This aligns with the potential bullish momentum indicated by the flag breakout and the potential support flip at the 0.618 Fibonacci level.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
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ARB/USDT is Ready to Fly, Arbitrum Analysis Today Dear Paradisers, Take Notes!
ARB finds itself at a pivotal juncture within a triangle formation, hinting at an intriguing turn of events.
💎 At this moment, ARB is making strides to emerge from this triangle. A successful emergence could pave the way for a bullish surge.
💎 However, if the bulls falter in their breakout attempt, ARB might circle back to test its support around the $1.11 mark. As always, the broader market's pulse will be instrumental in shaping this breakout's direction.
💎 On the whole, we're buoyant about ARB reaching these anticipated milestones. Stay tuned with #MyCryptoParadise for more insights!
ARB/USDT Bullish move incoming?👀 🚀Arbitrum Today Analysis
💎ARB is making a fascinating move as it's currently trading in a demand zone and is primed for a bullish surge.
💎 A few days ago, it skillfully tapped into the bearish Order Block , made equal highs, and initiated a downward move to mitigate the Bullish OB and seize buying liquidity.
💎 Currently, it's nearing a crossover with the EMA 55. If the price maintains its momentum above this, it could trigger an upward move.
💎 Above, there's a supply zone where the price is expected to retest due to remaining liquidity.
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
#ARB/USDT - Long - Potential 18.18%Direction: Long
Market: Spot
Risk: 0.25% - 1%
#USDT_ARB
Exchange: BINANCE
Timeframe: 360
TP1: 1.3504
Entry: 1.1427
STOP: 1.0477
At the minute we're seeing DEFI re-tooling for the coming bull run, with project announcements and development activity increasing (or at least increasing in visibility).
AMEX:ARB yesterday announced BOLD (Bounded Liquidity Delay), a dispute protocol that can enable permissionless validation for Arbitrum chain. In June the announcement (which I missed!) of the Orbit toolkit moved price 17% so I'm structured here to take advantage of a similar price range.
Personally I'm only working to the top target but the Fib levels on the chart should act as good incremental targets if you're taking a big position and want to lock in profits.
In terms of entry I'm waiting to break the trendline to confirm.
Let me know what you think!