Two 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!
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!
Comment:
Price must clear 1.7558 to turn Arbitrum up as a possible triangle unfolds in wave b.
Clearing 1.6080 we will see price lower to complete the c wave.
Clearing 1.6080 we will see price lower to complete the c wave.
Comment:
Trading above 1.6581 will favor that an impulse from 2.2783 has ended wave ((c)) of 2 at 1.400.
Watching for evidences wave 2 finished 1.458 (a complex correction WXY)
Also we have equality between waves W and Y.
Y wave an expended flat correction.
Above 1.458 and clearing 1.7519 we look upward for wave A or 3