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 01/23/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

50%

28%

My opinion

Bullish above 1.42 USDT

My targets

1.72 USDT (+2.99%)

2.03 USDT (+21.56%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.42 USDT remains possible. It is advisable to trade ARBITRUM - ARB/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.42 USDT. The next bullish objective for buyers is set at 1.72 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.03 USDT. If there is any crossing, the next objective would be the resistance located at 2.26 USDT. PS: if there is a bearish break in the support located at 1.42 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

1.6

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 rating is 1.67 USDT. On the day, this instrument lost -1.18% and was between 1.54 USDT and 1.74 USDT. This implies that the price is at +8.44% from its lowest and at -4.02% from its highest.

1.54

1.74

1.67

Here is a more detailed summary of the historical variations registered by ARBITRUM - ARB/USDT:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

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. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : 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.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Aroon indicator bearish trend

Type : Bearish

Timeframe : Daily

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.77	0.96	1.21	1.67	1.72	2.03	2.26
Change (%)	-53.89%	-42.51%	-27.54%	-	+2.99%	+21.56%	+35.33%
Change	-0.90	-0.71	-0.46	-	+0.05	+0.36	+0.59
Level	Intermediate	Intermediate	Intermediate	-	Major	Intermediate	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	1.44	1.54	1.62	1.72	1.80	1.90	1.98
Camarilla	1.64	1.66	1.67	1.69	1.71	1.72	1.74
Woodie	1.42	1.54	1.60	1.72	1.78	1.90	1.96
Fibonacci	1.54	1.61	1.66	1.72	1.79	1.84	1.90

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):	43.28
MACD (12,26,9):	0.0500
Directional Movement:	-4.55
AROON (14):	-85.71
DEMA (21):	1.96
Parabolic SAR (0,02-0,02-0,2):	2.33
Elder Ray (13):	-0.23
Super Trend (3,10):	1.57
Zig ZAG (10):	1.67
VORTEX (21):	0.9700
Stochastique (14,3,5):	17.59
TEMA (21):	1.87
Williams %R (14):	-85.65
Chande Momentum Oscillator (20):	-0.59
Repulse (5,40,3):	-7.4900
ROCnROLL:	-1
TRIX (15,9):	1.1700
Courbe Coppock:	7.76

MA7:	1.83
MA20:	1.95
MA50:	1.56
MA100:	1.28
MAexp7:	1.81
MAexp20:	1.85
MAexp50:	1.64
MAexp100:	1.41
Price / MA7:	-8.74%
Price / MA20:	-14.36%
Price / MA50:	+7.05%
Price / MA100:	+30.47%
Price / MAexp7:	-7.73%
Price / MAexp20:	-9.73%
Price / MAexp50:	+1.83%
Price / MAexp100:	+18.44%

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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