Arbitrum to the Moon: Strategic Targets and Growth PotentialDonald Trump spoke at the Bitcoin conference. I decided to watch it again. Here's a brief summary:
1. The USA will become the cryptocurrency capital of the world.
2. Create a strategic Bitcoin reserve for the USA.
3. Fire Gary Gensler (SEC) on Donald Trump's first day as president.
4. Move Bitcoin mining to the USA.
And much more. I think this is the beginning of growth for Ethereum, Bitcoin, and altcoins. I gathered data from Coinbase's Orderbook and noted the large limit orders that were placed before the price correction of Arbitrum. I believe these are the approximate targets for sending Arbitrum to the Moon. The best choose Arbitrum, Optimism, and zkSync in your portfolio. May the Jedi force be with us.
#arbitrum #ethereum #optimism #DonaldTrump #zkSync
ARB
ARB/USDT Main trend. Pivot Points.Main trend. There is a lot of hype on this cryptocurrency in the Internet space. Although according to the graph especially profit in comparison with other similar HYIP altcoins is not. Take into account and “prices” and volume, at which this cryptocurrency got to the so-called early “investors”.
Secondary trend . Medium-term, the price is in an ascending channel.
Locally at this moment in time the price is at the horizontal consolidation of the local distribution. If the price does not break and consolidate above the resistance of 1.75, a downward flag to the lower boundary of the ascending channel may be realized.
Razloki and price . Note that there was an understandable decline during the last local breakout. The next breakout will occur on 04/16/2024, which is a few days before the bitcoin halving. It is very likely that there will be a decline.
The main support zones are highlighted in gray. Also, specially drawn a simple fan, so that were clear visually dynamic support and resistance zones of the most developing trend in the future, when the price will leave the channel zone.
Local trading situation. Clearly on the linear.
The marker shows the logic and percentages of this important local reversal zone, in case of its breakout or not. Also, the meridian of the channel (green dotted line) has local resistance. Although insignificant in this trading situation. Observe risk management working with HYIP cryptocurrencies.
Alikze »» STRK | Descending channel🔍 Technical analysis: Descending channel
- It is moving in a downward channel in the daily and 12H time frames.
- Currently, there is a demand in the green box and the bottom of the descending channel.
- After the demand in the green box area, it has re-entered the descending channel.
- According to the current structure, it can grow up to the middle of the channel and the range of 0.78 after the pullback.
- If it can stabilize above the 0.78 area, it can continue its growth until the neck line area and the supply area.
💎 In addition, if the green box is broken, the downward trend can continue up to the 0.39 area.
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BINANCE:STRKUSDT
Potential Big Moves for ARBUSDT: Bullish Continuation Ahead?Yello, Paradisers! Are you ready for some potential big moves with #ARBUSDT? Let’s dive into the analysis to see what’s brewing!
💎#ARBITRUM is showing signs of a probable bullish continuation from a support zone at $0.7215. We have observed #ARB following a descending channel for a long time. Recently, after breaking above descending resistance, it’s restoring momentum at the key support.
💎If the price successfully manages to hold momentum at this support level of $0.7215, there is a great probability of a bullish ride, similar to previous behavior at this level. If #ARB manages to break above the probable resistance at $0.8516, it will likely target the next resistance zone and beyond. However, if the price fails to hold momentum at the key support, we’re expecting a probable bullish rebound from the lower demand zone around $0.6306.
💎It's vital to maintain vigilance and closely observe #ARB price movements. A breakdown below the demand area, confirmed by a daily closure, would challenge the bullish scenario and could result in further declines.
Stay focused, patient, and disciplined, Paradisers!
MyCryptoParadise
iFeel the success🌴
Alikze »» SUI | Descending channel🔍 Technical analysis: Descending channel
- It is moving in a descending channel on a daily basis.
- Currently, there is demand at the bottom of the descending channel in the green box.
- If it can break the range of 0.78, it can continue its growth with a pullback to the support box until the supply zone.
- But if the green box area breaks down, the correction will be ongoing and should be re-examined and updated.
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BINANCE:SUIUSDT
#ARB/USDT#ARB
We have a descending channel pattern on the 4-hour frame, the price is moving inside it and adhering to its borders well
We have a support area in green at a price of 0.600 after the price touched it and rebounded from it
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the price upwards
Entry price 0.65
First target 0.80
Second target 0.90
Third target 1.03
ARB update (still bearish)Based on the data we have on the chart now, it looks like ARB is in a major correction.
Now we seem to have just entered the C wave.
Wave C is bearish.
In this wave C, the minimum price to which the price can drop is the green box.
In this wave C, the minimum time to pass is the time of the vertical line (November 24).
Closing a daily candle above the invalidation level will violate the analysis
The demand range is indicated by the Fibonacci ratios on the chart.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Has Arbitrum cryptocurrency reached the bottom?For Arbitrum, judging by Fibonacci, we've reached the final target of 227.20%, so it's a good time to start accumulating a position for the mid to long term.
➖ I don't know if the price will drop to $0.18 per coin, though I once saw a buy order at that price on Coinbase.
➖ Overall, using DCA (Dollar Cost Averaging) to start accumulating a position seems wise, but pinpointing the exact bottom is challenging.
Chart:
Future targets:
#arbitrum #arb #ethereum
ARBITRUM Triple Bullish Signal!Arbitrum has seen a significant drop in value over the last few weeks, just like most other alts.
Since ARB is one of the newer alts on Binance, it has an above average growth path ahead of it.
Today I found 3 different "indicators" signaling a potential long-term bottom is in:
- Daily RSI has hit oversold
- Dotted purple support has held
- Bullish divergence on the daily RSI
A single indicator would be tricky to trade, but since all 3 are showing that this might be a great entry for a reversal I'm willing to take the bet.
Stop below the support, target around the current all-time highs.
ARB-USDT is ready to go UP!ARB cryptocurrency is in an uptrend structure and has now grabbed the liquidity of the structure's low.
Then if it make a confirmation like SCOB or 1H ChoCh then we could expect it go up to its structure's high at 2.406 dollar.
if it close below the 0.725 then this analysis will be faild.
Arbitrum (ARB) is a hidden gem or scam?Hello, Skyrexians!
Last couple of weeks something bad is happening on the crypto market. It's dumping hard, especially altcoins. Most of the top crypto traders has been waiting for altseason for quite a long period of time, but the result is the opposite. Major exchanges delisted some tokens, which immediately fall below it's critical levels, crypto trading strategies faces with huge losses, most of automated trading bots also hurt deposits, even grid trading bot got stop loss because of price falling below price range. In such a difficult times it's vital to chose the best assets to invest money. Finding such altcoins is important also for automated cryptocurrency trading because it needs enough liquidity. Today we will try to understand if BINANCE:ARBUSDT such asset or not, providing multi time frame analysis using different indicators.
Arbitrium weekly analysis - what Elliott waves are telling us?
Almost all profitable crypto trading strategies are based on Elliott Waves, at least for confirmation trading decisions. On the 1W chart we can see that the first bullish impulse has been obviously finished at $2.43. In my opinion now most of traders shall think that game is over because current dump has almost hit the wave 1 bottom, but waves 2 can retrace up to 100% of the wave 1, especially for such low cap altcoins. ARB is still not bottomed yet, but this bottom is next to.
if this anticipation is true this asset is about to start the impulsive wave 3, which has minimal target at $2.56, most likely at $3.58 and the optimistic one at $5.23. For sure it's not the final target for entire bull market if it will take place, just for wave 3. Extended wave 5 can easily double all these targets, but now it's too early to talk about it.
ARB/USDT POTENTIAL FALLING WEDGE! MUST BOUNCE FROM HERE!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
ARB showing potential on the daily timeframe! We might see a good bounce from here. Buy some here and add more in the dip.
Taregts:- $1.01/$1.24/$1.58/$1.86/$2.28
SL:- Daily close below $0.84
Let me know your thoughts in the comment section.
Arbitrum Analysis | Consolidation with a Bearish BiasCurrent Chart Analysis: The daily chart of ARB continues to show a steady downtrend within a broad range. This pattern reflects sustained selling pressure and dominant bearish sentiment in the market. The price is approaching a significant support level around $0.76 - $0.74, historically serving as a crucial zone for price stabilization.
Support and Resistance Levels: The current price is near a support level around $0.91. The critical resistance level to monitor is $1.29, which has been a strong barrier, often leading to price struggles and reversals upon testing.
Volume Analysis: Trading volumes typically increase during price declines, highlighting intensified selling pressure. During consolidation phases, volumes remain elevated while candlesticks exhibit low volatility. This pattern suggests market uncertainty and a lack of clear directional momentum, potentially signaling position accumulation by traders preparing for the next significant breakout or breakdown.
Possible Scenarios:
🟩 Bullish Scenario: A breakout above the local resistance level at $1.10, accompanied by increased trading volumes, could signal a potential bullish reversal, driving the price up to $1.29. To confirm the shift in market sentiment, this breakout should be supported by high volumes and price consolidation above the $1.29 level on the daily timeframe. This could lead to a subsequent phase of price consolidation, allowing for further testing of key resistance levels on the path to continued growth.
🟥 Bearish Scenario: If the price fails to hold above the $0.91 support level, it could lead to further declines. Consolidation below this support level would likely continue the downtrend towards the next support zone around $0.76 - $0.74. Traders should be prepared for potential short positions or implementing protective measures if this scenario unfolds.
Overall Market Sentiment:
Current Bias: ARB is displaying bearish sentiment, with potential for extended range-bound trading between the support at $0.91 and the resistance levels at $1.10 and $1.29. The recent token unlock event has added significant supply, contributing to downward pressure, while overall market uncertainty in the crypto space exacerbates this trend. Despite the bullish potential from the Robinhood integration, its impact appears muted in the current environment, unable to counterbalance the prevailing bearish dynamics.
Recommendations for Traders:
◼️ Monitoring Trading Volumes: Keep a close watch on trading volumes around key support and resistance levels to assess the strength of any breakout or pullback.
◼️ Preparation for Volatility: Given the recent increase in token supply and market uncertainties, expect heightened volatility. Consider risk management strategies such as setting stop-loss orders, adjusting position sizes, and employing careful entry and exit planning to mitigate risks from sudden market movements.
Disclaimer: Content for seasoned traders only. Not financial advice. You bear sole responsibility for trading outcomes. ➖ DYOR 🧠 💡
#ARB/USDT#ARB
The price is moving within a bullish channel pattern on a 12-hour frame, which is a retracement pattern
We have a bounce from a green support area at 0.9000
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum
Entry price is 0.9700
The first target is 1.048
The second goal is 1.136
Third goal 1.24
Arbitrum Rectangle + Elliott Wave: Targets $1.6 or $1.93TL;DR Potential local bottom at $1.07, potential targets at $1.6 and $1.93
Arbitrum is still trading in its rectangle.
After a recent rejection from the resistance, today it retested $1.07.
If it holds, it would mark a perfect Wave 2 end (61.8% of Wave 1).
In turn, according to Elliott wave theory, this would set the Wave 3 target to $1.6 or $1.93.
🎯 $1.6 is also the rectangle breakout target, and a High Volume Node (HVN), so lots of confluence there.
I see two potential strategies for a long entry:
The safe play would be to wait for a daily close above the resistance trendline, targeting W3 targets 1 and 2.
The higher risk/reward play would be entering now, with a somewhat tight SL below $1.07, targeting the rectangle resistance first, then W3 targets 1 and 2.
In both cases, watch the $1.45 area because it is a previous support and HVN.
➡️Not Financial Advice⬅️