Arbitrum ( LSE:ARB ) Technical Analysis: Insights for Traders
Short-Term Bearish Trend Analysis
Arbitrum ( LSE:ARB ) is currently exhibiting a bearish trend in the short-term trading window. Traders should monitor for potential declines or stabilization in the market, signaling a possible reversal or continuation of the downtrend.
Key Accumulation Zones...
💎Paradisers, #ARBUSDT has recently formed a W pattern within a supportive trendline, signaling a potential reversal after the price dipped below previous lows, likely indicating a shakeout of weak-handed investors.
💎 A breakout above the resistant level, coupled with confirmation of the W pattern, would significantly increase the likelihood of a bullish move....
💎 ARB is currently finding support from a supportive trendline, indicating a potential bullish move in the near future.
💎A bullish move is expected above the resistance level, with targets expected to reach until the next resistant levels.
💎In the event of a breakdown below the trendline, the price may find support at the previous resistance level, which could...
- ARB has delivered 1.5x returns post my call-out
- ARB still has the potential to keep growing more
- ARB can first take out the highs grab some liquidity above the wicks and post that retrace back to its origin
- ARB isn't my long-term pick I would prefer swinging my money here and taking it out as soon as possible
- Don't risk more than 10%
On 1h TF
ARB has dropped too strong but closed above Support so that's a good signal continue to go up
I expect ARB will test $1.776 before come back Bullish Race
Time will tell
💎 Paradisers, let's take a closer look at ARB/USDT. On the daily chart, it's sketching an 'M' pattern. Notably, the right peak is lower than the left, reinforcing the strength of this bearish pattern.
💎 If ARB/USDT dips below the 0.9036 level, we might be gearing up for a descent. Potential destinations? We're eyeing the demand zones at 0.8043 and possibly even...
#ARB last and present cycle works exactly under opposite Head& Shoulders pattern, at which its next target must be again for $1.75-$1.8 soon in 24 hrs...best time for Long position, but always #DYOR and use always #StopLoss
#ARB 1hr. Chart #Binance
#Arbitrum hourly #TA running at present under Bullish Channal Flag Pattern with next target of $1.8-2 dollar soon in to next 24 hrs...
for best calculation, always #DYOR
