Technical analysis by akempire32 about Symbol ARB: Buy recommendation (3/20/2024)

arb went down so hard also the first one to get fukd firstly token unlockscnd btc down trendbut it held yestrday giving a ray of hope and look at the daily candle it printedsame shit happened during 23 janit was in down trend going down as hard as it canbtc looked way oversold i thought 59 was the bottommaybe there will be a flash crash to fill 59k orders or notbut so far arb$ looks good macd giving a reversal signjust one more daily green candle closing above 1.74 and i will long this bastrdi m targeting 2.25 backif the week closes greenthen we r def going up1.95 is our major resistancehave to flip it into support only then we move to 2.5fomc unchanged ratesbtc goes 4k straight upnow on the verge of breaking down trend with the next 4 hrly candleif things goes straight like this we just might be getting ready for next leg upbefore halving one last rally a new all time high for btc and then cool off periodalts will going for their recoveries of previous bull cyclepeople will flip the f out after watching alts flymainstream enters and btc starts another rally probably midsommarhV TO close this day above 1.7413then we go back upwatta crazy weekbtc dumping again looks like a price revisit on weeklywe might visit 59k or 58k as everyone is expecting since we broke down from athgrayscale is dumping and bulls r letting themonce they r done they will take control freely and there will be nothing but green candleswat does this has to do with arb$ or any other altswell btc dominance has still not broken its trendlineso another leg up for alts is still stuck becuase of btc1.8 $ was actually a rebound it did hit my slbut i know we will be back again by the next week or end of this monthbtc will once again close monthly with a green candleand b4 halving will move to another ath before cooling off for coming months or soarb$ currently trading in a very specific area i.e 1.76 to 1.55trading in this zone is not a good ideaalso the weekly is about to close in less than 12 hrsthere will be crazy volume this evening as monday is approachingmacd is still printing faded red candles there is still no sign of reversalbut i m hoping the monthly will close above 1.8$ARB$ is back up from the bottom arb/btc chart looking ready to explode any daymacd giving sign of reversalwe just might make it to 2.4$ by the end of this month1.755 is perfect entry to longw has formed and next resistance is at 1.9that's a good opportunityah fukin hell4hr rsi oversold dumped more than i could imaginearb$ is getting fukd over nd overthis is the only one that didn't recover muchwhilst most of the tokens recovered more than halfbtc is just messing with altsfukin btc.dwe are 1 or 2 days away from macd reversali hope we don't go down againdaily rsi is looking goodmonthly is going to close soonwe move forward in coming days that's all we can hope forwe r geting closer to macd reversal and rsi still looks good {daily time frame}i hope sonew monthly means volume we may retest 2 to 2.4 might break it but this time is different because etf changed the game1.8 turned out to be lvl 3 resistancearb/btc chart hints to 1.4 as bottom There's a chance of big move ahead as april is coming and we might move one leg up before halvingbtc broke out of bull flagsignalling for daily macd reversalSo arb $ fooled me maybe you tooso far arb is moving in this trianglea potential move of 15 to 20% seems imminent nowDaily is one candle away from printing macd reversalwe may test 1.95 to 2.1 $ soon hope we do that before 10th of aprilArb is the biggest dissapointment so farwhen every other crypto recovered from their bottoms This mf didn't a price visit to 1.44 before moving upside is still possiblelonging this mf before 1.8 is just a bad ideasitting at 4b market cap at present this will take more than half a billion volume to revisit 2$ if it moves back to 1.45 to 1.4 rangeAnd that doesn't seems like happening anytime soonEven though the daily RSI is and macd are pointing for reversal i just don't get it why it's behaving like Cardano from previous bull cycleThis is Eth {BETA} and this should get good upside movement even if its just lil pumps but seeing this go down everyday makes want to scream at arb {LOL}well how do i say this there's no better way but to say it straightWeekly is cooked bad If this weekly doesn't end up in green or doge we will confirm a bad cross over on the weekly macdplus given the halving coming those who don't know lemme tell u that the day halving is complete miners take profits and sell the fuk out of bitcoin and it keeps happening till they r out of it mostly that time is horrible and good in both way kind of like a 2 side of coin storysome alts go the fuk out to make new all time highs and some just sit or drown and float and so onThat's just a lil story which most likely should happenBut given the etf change i don't know for sure whether it will happen this month last week or end of this month or who knows whether institutions will let that happen that is a max pain down town to 50k which every body is expectingIT can go to 45 44k as a fake out shakeout typeTHats all btc shit now to arb$the daily macd is forcing for a crossover to come rsi can take few dumps but that will be okay bcz mostly macd reversing will mean we go up leaving a little poop behind (as going up pooping lil bit again nd again)The pattern hereits currently in a downtrend bearish triangle which will make it retest 1.44 But what i think is it might be possible that we break downwards move a lil sideways and boom to the uphill (that's what i think of the 2 scenarios)The other scenario is breaking the trend straightaway forward with a good dic* candle to 1.78 or 1.8Will further update the idea when the day and month and weekly closeswell there u goarb also broke the weekly wick pf previous candlecouldn't be more bearish nowlooks like we will be consolidating now but there's still hope because we haven't topped out on btcwhich could happen before halving {that's what we all r hoping for}daily rsi fukdweekly macd and rsi very fukd {only a btc breaking the barrier of 71500 can save us}