ARB / TetherUS
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Arbitrum Swing Trade

606
2Day Timeframe + elliot wave count + support and resistances

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12h Timeframe + support and resistances

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Suspecting the correction is finished and the low is in
Every pullback is an buy opportunity until we break the last high around 2,40 dollar or make an complete 5 wave move to complete wave 3 primary

On the 6h chart looking to enter back in previous rang in a 5 wave move
target is point of control around 1,13 dollar or a possible fake out to the value area high around 1,21 dollar

Stop loss beneath the low in the elliot wave count, otherwise the downtrend continues in wave 5 of wave C on the 2Day chart




Not
Bouncing off the 0.618 Fib retracement and 0.618 Fib extension target for wave C
Market structure holding the higher low, wave 3 should begin next


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Not
bounced another time from the 2h green support from previous chart

alternative scenario for the 5 wave move up

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.