Enter after failure and stabilizationARB currency has reached its downward trend line, so there is a possibility of a drop. This drop can be to the bottom of the channel, but before entering this position, it must break the support limits.
On the other hand, according to the formation of the head and shoulder pattern, there is a possibility of a growth of up to 36% for this currency, but before entering the long position, we must observe the stabilization in it, which means breaking the previous peak and exiting the channel.
In this case, we can have a secure entry.
follow us
ARBUST.P trade ideas
Brief Analysis ——ARBAfter the FUD of SEC, as representatives of Optimistic-Rollup, OP and ARB rebounded stronger than many other tokens. In the second half of the year, ETH will usher in an important upgrade, Dencun, which will reduce the transaction fee of L2, which is beneficial to OP and ARB. And it is likely that other L2-tokens will appear in the second half of the year, making Layer 2 a new focus. Today we bring the brief analysis of OP, ARB and GMX.
It is also an Op-Rollup mechanism. ARB has performed better than OP recently. From the chart, after the rise in late June, the price has always remained fluctuating above 1.05. The bulls defended every increase in bear power. Neutral to bullish on a large scale. More recently, the long green candle last Thursday took the price to the high of Jun.27. Although candle on Friday eventually turned into an upward pin-bar. But the bulls defended the bears, and the price continued to rise without a pullback.
Conclusion: Mostly rising after a callback. We see strength of the bulls, but there is resistance at the previous high. Therefore, we think that the rise will probably not stop, but a pullback may happen. We set resistance level at 1.45 and support level at 1.22.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
ARB : Head and ShoulderDisclaimer
High Risk Investment
Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form.
A qualified professional should be consulted before making any financial decisions.
-------------------------------------------------------------------------------------------------------------------
ARB, What it be?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
In at 1.1291.
Initial Elliottwave count and idea got blown up.
Had a plan B idea in the vid on it.
After being stopped, I cried, then watched how the PA played after the sweep.
Swift move up, corrective move to Algo zone.
Classic tradedevils setup played out.
Possibly a wee little W5 to pop the last pivot then maybe a turn, but I think 1.29 is the level to watch. Breaking below 1.1774 is sus.
My internal count idea, atm.
Cheers!
Check in for a flight or check out for a flight? The question isARB currency has reached its own downward trend in 4 hours, so the possibility of falling can be stronger, but if it leaves the rectangle pattern upwards, we can have a safe entry from the mentioned price. Don't forget to enter this cryptocurrency if the downward trend breaks. And the fixation will be on the said price
✴️ Arbitrum Will Eventually Get There... The Wait Is Over!Arbritrum has been doing so, so... It has been consolidating since May with no real action, nothing of interest.
The 3-down pattern though can signal that the consolidation/correction is coming to an end. This pattern repeats over and over as bottoms form.
Another positive is that the current price trades above the 3-April low.
The negative is that EMA50 is still working as resistance but that's the last resistance before strong growth can take place.
If you are a bull and looking for higher prices, we are getting closer to what you are looking for... Let me make it simple, the wait is over.
Namaste.
ARB - long as wellHi, ARB is trying to break up. If this will happen its hard to predict what will happen because there is not much history behind. If such a scenario will be in play, I would take profits arround 1.48$, however this coin is really hard to predict. Hard to predict means it can be pumped to 3-4$ even.