ARBITRUM - ARB/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	ARBUSDT
ISIN:

ARBITRUM - ARB/USDT - Daily - Technical analysis published on 01/21/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

28%

44%

My opinion

Bullish above 1.72 USDT

My targets

2.03 USDT (+9.14%)

2.26 USDT (+21.51%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ARBITRUM - ARB/USDT. As long as you are above the support located at 1.72 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 2.03 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 2.26 USDT as an objective. If the support 1.72 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

3.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ARBITRUM - ARB/USDT price is 1.86 USDT. The price has increased by +2.20% since the last closing with the lowest point at 1.78 USDT and the highest point at 1.87 USDT. The deviation from the price is +4.49% for the low point and -0.53% for the high point.

1.78

1.87

1.86

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this ARBITRUM - ARB/USDT chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.96	1.21	1.72	1.86	2.03	2.26
Change (%)	-48.39%	-34.95%	-7.53%	-	+9.14%	+21.51%
Change	-0.90	-0.65	-0.14	-	+0.17	+0.40
Level	Intermediate	Intermediate	Intermediate	-	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.67	1.71	1.77	1.81	1.87	1.91	1.97
Camarilla	1.79	1.80	1.81	1.82	1.83	1.84	1.85
Woodie	1.67	1.72	1.77	1.82	1.87	1.92	1.97
Fibonacci	1.71	1.75	1.78	1.81	1.85	1.88	1.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.18	1.47	1.64	1.93	2.10	2.39	2.56
Camarilla	1.69	1.74	1.78	1.82	1.86	1.90	1.95
Woodie	1.13	1.44	1.59	1.90	2.05	2.36	2.51
Fibonacci	1.47	1.64	1.75	1.93	2.10	2.21	2.39

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.53	0.78	1.17	1.42	1.81	2.06	2.45
Camarilla	1.38	1.44	1.50	1.56	1.62	1.68	1.74
Woodie	0.60	0.82	1.24	1.46	1.88	2.10	2.52
Fibonacci	0.78	1.02	1.18	1.42	1.66	1.82	2.06

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	51.39
MACD (12,26,9):	0.1100
Directional Movement:	3.50
AROON (14):	21.43
DEMA (21):	2.06
Parabolic SAR (0,02-0,02-0,2):	2.37
Elder Ray (13):	-0.12
Super Trend (3,10):	1.57
Zig ZAG (10):	1.86
VORTEX (21):	1.0700
Stochastique (14,3,5):	33.01
TEMA (21):	2.02
Williams %R (14):	-65.76
Chande Momentum Oscillator (20):	0.01
Repulse (5,40,3):	0.0100
ROCnROLL:	-1
TRIX (15,9):	1.5100
Courbe Coppock:	12.32

MA7:	1.96
MA20:	1.97
MA50:	1.54
MA100:	1.27
MAexp7:	1.92
MAexp20:	1.89
MAexp50:	1.63
MAexp100:	1.40
Price / MA7:	-5.10%
Price / MA20:	-5.58%
Price / MA50:	+20.78%
Price / MA100:	+46.46%
Price / MAexp7:	-3.13%
Price / MAexp20:	-1.59%
Price / MAexp50:	+14.11%
Price / MAexp100:	+32.86%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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