arbitrum ideaI think it tested its bottom of channel and try the upper end now. Any feedback?Longby DrSungDDS112
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 🧠 💡by BestTeddyTrader0
A couple potential breakout targets for Arbitrum’s bullflagOn the weekly timeframe the purple line represents the flagpole, however if I zoom out to the monthly timeframe the neon lemon lime trendline is the full pole of the bullflag. Not sure which one will be the most valid in the long run so I have posted measured move targets for both. *not financial advice*by DrDovetailUpdated 11
ARBAs long as ARB keeps getting pushed down by the 21ema ill be looking to load up in the .90cent range which isn't to far from where are now. Seems like the bottom could be near, if BTC goes below 57k then expect to go lower. Either way ARB at these levels are great to DCA in. by LONGshorts4217
ARB5 Year Stoch RSI looks to have bottomed. Prediction: Since there isn't data on the ALL timeframe it might be hard to make an accurate judgement. However, I think with the Stoch RSI bottoming it might stay within a range and eventually push up. It had a strong counter recovery from the bottom, so after spending some time within a range it will continue up.Longby Kyo0262
ArbUsd Elliott wave countTwo scenarios for Arbitrum. Black count where we have a finished impulse to the upside and we are going down to complete wave 2 if price clears 1.5427. Orange count where if price clears 2.0883 may be a tringle ((4)) and we are focusing to the upside to end wave ((5)). On this count we used log scale!by Cross10XSignalsUpdated 10
ARBUSD - buy ideaCorrective channel, EW Flat - wave C has a complete 5-waves internal structure. Price is also at DMA200.Longby Alpha_Mind4
Long ARBI've got to go long ARB here but I am def keeping a tight stop. We're going long to the top of the channel. I'm in at 1.63 with a final target of 2.24 and a SL of 1.54 making the RRR 8/1.Longby stewdamusUpdated 7
next very good opportunity for a LONG in Arbitrum.Arbitrum at the 200 EMA support. Additional support of the Anchored VWAP bands. The correction could be completed here and the daily uptrend will continue.Longby jackyorsen1
🚀 ARB: Breaking Resistance and Aiming for Upside! 📈💹📊 Analysis: Acceptance Above $1.8: ARB seems to be gaining acceptance above $1.8. Breakout and Close: Look for a breakout and close above $2.2, turning resistance into support. Entry Range: Consider entering the trade between $1.8 and $2.2. Take Profit Levels: Aim for profits around $3 or $4. Stop Loss: Set a stop loss at $1.6. 🌐 Note: ARB's movement above key levels and the potential support-to-resistance transition make it an interesting opportunity.Longby Richtv_official6
ARBUSD Golden Zone ? Arbitrim has much potential as does Optimism. The Golden dashed line represents Highest volume and the green dot is representing the custom upper indicator. Some nibbles are being had, I presume of whales pricing in on averages. Most would have taken some profits on the high and ready to load .... Golden Zone or not this is a good project now and into the future . Longby Jeshua1212Updated 1
arbitrum increasethis chart shows potential exit zones for selling the arb, I am expecting a long term increase during to increased L2 activity. ======== The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. DYOR Uhxel.Longby UhXeLUpdated 117
ARB is about to sweep???I think that we could see the pump today!!! Are you ready to make some cash??? Personally I took over half my money out of my exchange and am playing with smaller stacks. If the cycle is over we could be seeing some solid pain. I think most of the cryptos have 1 week remaining in this cycle. BE SAFE!! TAKE SOME PROFIT!! NOT FINANCIAL ADVICE!!!by Polarbearman442
ARBIUSD Target And ResistanceARBIUSD Target And Resistance Is Marked On The ChartLongby alidashtbeshUpdated 2
ARB - Nice PopHas had a nice pop but that long wicked Gravestone Doji is a clue that it will hang around in this area for a while. ARB looks great but I think it may take a little while before the next wave up 👍. Longby dRends354410
ARBUSD's first support and resistanceThe first support and resistance of ARBUSD is marked on the chart.by alidashtbesh1
descending bullish triangle descending bullish triangle head and shoulders breaking out of the trend line and we have a retouch Longby OnenessTrader113
Arbitrum ($ARB) Poised for Further CorrectionAfter reaching an all-time high of $2.4, Arbitrum underwent a minor correction. Currently, the asset is trading near the support zone of $2.0–$2.05, which has been tested twice in the past few days. The most likely scenario is for the asset to resume its upward movement from this support zone. In this case, the nearest resistance level would be at $2.227, where a significant number of sell orders are concentrated. If buyers manage to surpass this level, the asset could continue its upward trajectory toward the next resistance zone at $2.33–$2.40, maintaining the potential for setting new all-time highs. A deeper correction for Arbitrum is only conceivable if a similar scenario unfolds on the BTC chart. Under such circumstances, LSE:ARB could retreat to support levels at $1.97 and $1.85–$1.90.by DEXWireNews2
Arbitrum To the moon!This is an exciting one: Bullish pennant pattern Soft Bullish Divergence Current Trend is up, so we love trading with the trend Longby OnenessTrader7
ARB/USDTso LSE:ARB has formed a rising wedge pattern which is a bearish pattern Do not panic and sell it does not mean it always plays out, but we can do here is add alerts on the white support lines, and set alert on the green resistance line, if we flip it invalidates the bearish patternby UnknownUnicorn228047493
Arb looking great, moving up soonconsolidation in middle channel after huge run and then we leap to new level. could happen very quick. scalp if you can but don't try to time this move. pinching pennies when a coin is about to 10x is not wise.Longby wp3p62knjc3
ARB going down?She needs to take a nap. She has been dancing. She is ready for a pull back. Watching ETH and BTC for the signal. Both of those pretty ladies' are ready for a nap also. Looking for 1.60-1.90. Might not get it bus she has already paid me the last 3 days!! NOT FINANCIAL ADVICE!!! Longby Polarbearman1
ARB is ready for a BOOM BOOM CandleBoom Boom Incoming!!!!! ARB is going to 10x! Change your life Forever!Longby wp3p62knjc2