As 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.
5 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.
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!
On 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*
I'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.
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.
📊 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...
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 .
this chart shows potential exit zones for selling the arb, I am expecting a long term increase during to increased L2 activity.
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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.
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!!!
Has 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 👍.
After 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...
so 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 pattern
