ARBUSDT trade ideas
ARBUSDT: Huge bull runThe price moves in the consolidation channel, there is a set of positions. In the next bull run we will see a huge move up here. For me, one of the most promising coins in the upcoming bull run. The one who knows how to wait wins, remember that.
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ARBUSDTThe overall situation of BINANCE:ARBUSDT can be described as follows:
A descending channel has formed, which confirms with multiple price bounces off the lower channel line. It is likely that the price will soon reach $1.40 from $1.16 and validate the hypothesis of the descending channel, shaping it further.
At the price of $1.40, we are witnessing a resistance line, and it doesn't seem likely that the market will be able to break through this resistance under the current conditions.
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ARBUSDT (Arbitrum @Binance futures) spikes upThe thing here is, that I don't say price is going up now, BUT if it does reach ~1.205 there will be massacre!
Liquidation map shows that there is cumulatively 8M dollars of short positions about to get liguidated if price goes up. There is not enough buys on orderbook to cover those so price will spike atleast to 1.217.
There is many ways to take advantage of that spike but easiest way is to put stop-market-order to 1.205 and take profit level to 1.217. Then you can jump to moving train even if it is already going full speed.
You can check BTCUSDT too. It will do the same but in smaller scale so less % profit to take.
ARB buy TradeHere Is My Study on ARB
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Enter after failure and stabilizationARB currency has reached its downward trend line, so there is a possibility of a drop. This drop can be to the bottom of the channel, but before entering this position, it must break the support limits.
On the other hand, according to the formation of the head and shoulder pattern, there is a possibility of a growth of up to 36% for this currency, but before entering the long position, we must observe the stabilization in it, which means breaking the previous peak and exiting the channel.
In this case, we can have a secure entry.
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Brief Analysis ——ARBAfter the FUD of SEC, as representatives of Optimistic-Rollup, OP and ARB rebounded stronger than many other tokens. In the second half of the year, ETH will usher in an important upgrade, Dencun, which will reduce the transaction fee of L2, which is beneficial to OP and ARB. And it is likely that other L2-tokens will appear in the second half of the year, making Layer 2 a new focus. Today we bring the brief analysis of OP, ARB and GMX.
It is also an Op-Rollup mechanism. ARB has performed better than OP recently. From the chart, after the rise in late June, the price has always remained fluctuating above 1.05. The bulls defended every increase in bear power. Neutral to bullish on a large scale. More recently, the long green candle last Thursday took the price to the high of Jun.27. Although candle on Friday eventually turned into an upward pin-bar. But the bulls defended the bears, and the price continued to rise without a pullback.
Conclusion: Mostly rising after a callback. We see strength of the bulls, but there is resistance at the previous high. Therefore, we think that the rise will probably not stop, but a pullback may happen. We set resistance level at 1.45 and support level at 1.22.
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ARB : Head and ShoulderDisclaimer
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In at 1.1291.
Initial Elliottwave count and idea got blown up.
Had a plan B idea in the vid on it.
After being stopped, I cried, then watched how the PA played after the sweep.
Swift move up, corrective move to Algo zone.
Classic tradedevils setup played out.
Possibly a wee little W5 to pop the last pivot then maybe a turn, but I think 1.29 is the level to watch. Breaking below 1.1774 is sus.
My internal count idea, atm.
Cheers!
Check in for a flight or check out for a flight? The question isARB currency has reached its own downward trend in 4 hours, so the possibility of falling can be stronger, but if it leaves the rectangle pattern upwards, we can have a safe entry from the mentioned price. Don't forget to enter this cryptocurrency if the downward trend breaks. And the fixation will be on the said price