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Let’s go for the analysis of Arbitrum (ARB/USDT), one of the favorite coins among airdrop hunters with great memories, and still one of the most popular DeFi tokens.
🌐 Overview of Bitcoin
Before starting the analysis, let me remind you again that we moved the Bitcoin analysis section out of this part and made it a separate daily analysis as per your request, so we can discuss Bitcoin’s condition in more detail and analyze its charts and dominance separately.
This is the general Bitcoin dominance analysis that we promised to cover separately and analyze in longer time frames:
📈 On the 4H timeframe, ARB experienced a strong bullish wave. After breaking 0.4059 and moving out of the range box (0.36–0.40), it had a sharp rally reaching 0.6146.
❌ After rejection from this key weekly resistance, ARB formed a lower high and sharply corrected, eventually breaking below a resistance trendline.
📉 It has now reached the strong support at 0.4738, which also aligns with the 50% Fibonacci retracement level. According to Dow theory, the 50% level is also a very critical area, making this point an important PRZ (Potential Reversal Zone).
✅ For long positions: It’s still a bit early. With a trendline breakout you could attempt something, but personally, I’d wait for a higher high and higher low structure before going long.
⚠️ For short positions: The setup is much clearer. After breaking below 0.4738, we can open a short position targeting 0.4358, while keeping risk management in mind for opening positions.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Let’s go for the analysis of Arbitrum (ARB/USDT), one of the favorite coins among airdrop hunters with great memories, and still one of the most popular DeFi tokens.
🌐 Overview of Bitcoin
Before starting the analysis, let me remind you again that we moved the Bitcoin analysis section out of this part and made it a separate daily analysis as per your request, so we can discuss Bitcoin’s condition in more detail and analyze its charts and dominance separately.
This is the general Bitcoin dominance analysis that we promised to cover separately and analyze in longer time frames:
📈 On the 4H timeframe, ARB experienced a strong bullish wave. After breaking 0.4059 and moving out of the range box (0.36–0.40), it had a sharp rally reaching 0.6146.
❌ After rejection from this key weekly resistance, ARB formed a lower high and sharply corrected, eventually breaking below a resistance trendline.
📉 It has now reached the strong support at 0.4738, which also aligns with the 50% Fibonacci retracement level. According to Dow theory, the 50% level is also a very critical area, making this point an important PRZ (Potential Reversal Zone).
✅ For long positions: It’s still a bit early. With a trendline breakout you could attempt something, but personally, I’d wait for a higher high and higher low structure before going long.
⚠️ For short positions: The setup is much clearer. After breaking below 0.4738, we can open a short position targeting 0.4358, while keeping risk management in mind for opening positions.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Don’t Miss Out!
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.