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ARBUSDTPERP PERPETUAL MIX CONTRACT

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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.
Long
by Skyrex
1
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.
Long
by FieryTrading
1
Alt coin beatingAlt coins are highly speculative assets, please buy and sell with caution. I do like Arbitrum, it’s a top Layer 2 project and should benefit from the upcoming Eth etf. However, the chart looks very bearish and it could continue to drop to $0.75. If that level is lost, I’d be exiting my position and wait for it to stop bleeding. We appear to be in wave C of the abc correction, so I suspect a turnaround could be on the horizon. But let’s not fight the trend, which continues to the downside. An early indication of a change in market structure is we can climb rhe 0.5 Fibonacci Speed fan (green line). I’ll be watching this closely, slowly accumulating spot position when the time is right. Not financial advice, just a trade idea.
Long
by NoFOMO_
ARBITRUM SHORT TRADE SETUP - UPDATE From psychological point of view - price was going high and they was successful convincing literally everyone that it will continue to go up then all of a sudden they nuke on their euphoria, then those who are a little bit brave to take the short of it are being targeted along the ones who are seeing this a bull run continuation so they take in both ways and finally cause frustration for both short term bulls and bears, then when the price drops to the last leg there is no enthusiasm and that's when the real deal starts.  If you missed entry at first now is your second chance. BINANCE:ARBUSDT PREVIOUS ANALYSIS OTHER ANALYSIS BINANCE:PEOPLEUSDT BINANCE:RSRUSDT BINANCE:NEARUSDT BINANCE:GMTUSDT BINANCE:RONINUSDT
Short
by DewyCandles
8
Arbitrum | ARB What Is Arbitrum and Why Is It a Big Deal ? The price of Arbitrum is $1.40 today with a 24hour trading volume of 1 billion dollar. This represents a 2.7% price increase in the last 24 hours and a 4% price increase in the past 7 days Arbitrum is a rollup chain designed to improve the scalability of Ethereum. It achieves this by bundling multiple transactions into a single transaction, thereby reducing the load on the Ethereum network. a rollup chain is a layer 2 solution that aggregates and processes transactions off-chain, before submitting a single transaction to the Ethereum mainnet. This means that users can enjoy faster and cheaper transactions, while still benefiting from the security and decentralization of the Ethereum network.Arbitrum's native token is called the Arbitrum token, or ARB for short. The token is used to pay for transaction fees on the Arbitrum network and also serves as a means of governance for the protocol. Holders of ARB can participate in decision-making processes, such as proposing and voting on protocol upgrades or changes. Smart Money Accumulating ARB ! The ARB airdrop, as expected culminated in a sell-the-news narrative, with token holders cashing out in large numbers. However, the token’s fundamentals have not faltered amid an influx of funds from institutions and other large-volume buyers – smart money. Following the announcement of the airdrop on March 16, tokens within the Arbitrum ecosystem exploded including Magic (MAGIC), GMX (GMX) Radiant Network (RDNT), and Gains Network (GNS). ARB has launched into an ecosystem with strong fundamentals, which are likely to cool off the token’s downside in the coming weeks. Moreover, accumulation among investors, taking advantage of the dump after the airdrop could provide the necessary momentum for ARB to rally again. next targets are 1.45 and 1.5$
Long
by moonypto
ARBITRUM - UPDATE - WHEN WILL THE BEARS GIVE UP This is a critical point for $arbusdt. First is to re-affirm that we are still bearish that is why we are still holding our SHORT position which we used to hedge our spot position. But also, we need to acknowledge at this point that there is one other scenario but it is irrelevant and insignificant there we will keep at this. On the 1st DCA, it is possible that this move becomes corrective ABC rather than impulsive which means we might not see a new low and the ones waiting for lower will be sidelined. That is the reason for the 1st DCA while the 2nd is an opportunity to bag more ARBITRUM just at Sell-side Liquidity or call it Bear Trap. We will be offloading our short position on perpetual below and use the proceeds to DCA on our spot. The invalidation level still remain the same. Hope you learn a thing or two. if you do, comment below, drop your opinion or suggestion too. PREVIOUS ANALYSIS OTHER ANALYSIS BINANCE:ALGOUSDT BINANCE:ADAUSDT BINANCE:PIXELUSDT BINANCE:APEUSDT BINANCE:NOTUSDT
by DewyCandles
ARB - Ranges overview Here is a quick look at the current ranges on ARB. We are currently trading around the lows of the HTF range. Not much action as BTC is currently accumulating and setting up for its next move. Will be looking to see IF we trade through the sellside liquidity resting around 0.8452$. IF we do and hold expect to trade towards 1.2776$ and eventually 1.5675$. IF we break through the sellside and get a clean below expect further pa to the downside. For the traders who also invest amongst you guys...these levels could be interesting for long term holds entries. No need to front run the market...BE PATIENT AND WAIT FOR IT TO COME TO YOU. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
by Patrick2707