ARB/USDT Main trend. Pivot Points.

Main trend. There is a lot of hype on this cryptocurrency in the Internet space. Although according to the graph especially profit in comparison with other similar HYIP altcoins is not. Take into account and “prices” and volume, at which this cryptocurrency got to the so-called early “investors”.

Secondary trend. Medium-term, the price is in an ascending channel.

Locally at this moment in time the price is at the horizontal consolidation of the local distribution. If the price does not break and consolidate above the resistance of 1.75, a downward flag to the lower boundary of the ascending channel may be realized.

Razloki and price. Note that there was an understandable decline during the last local breakout. The next breakout will occur on 04/16/2024, which is a few days before the bitcoin halving. It is very likely that there will be a decline.

The main support zones are highlighted in gray. Also, specially drawn a simple fan, so that were clear visually dynamic support and resistance zones of the most developing trend in the future, when the price will leave the channel zone.


Local trading situation. Clearly on the linear.

The marker shows the logic and percentages of this important local reversal zone, in case of its breakout or not. Also, the meridian of the channel (green dotted line) has local resistance. Although insignificant in this trading situation. Observe risk management working with HYIP cryptocurrencies.

Comment:

HYIP cryptocurrency. The logical triple top with exit from it through the descending flag was realized after all.

Because of the fact that the HYIP (news background prospects and so on) and unloaded into hamsters, with relatively low liquidity (the development of interest at the moment and the desire to “burn money” to hold the price), on the market decline on April 8 - 15 squeeze reached the boundaries of the lower values of the fan, which is more than -60%.

Breakout of this purple line — a small growth, pullback. Formation of a double bottom and quite strong pumping of a promising scam for the next reset. Also pay attention to the timing of the breaks of this cryptocurrency.

Comment:

1 7 05 2024 Scared? Do not want to buy into long HYIP promising technological crypto garbage at -63%)? Maybe you should, or is it better only after a breakout?

Comment:

What is the valuation of the next promising cryptocurrency?
In the price, or in the level of optimism of the price growth)?

Is it really true that Ethereum has second level (L2) scalability? No one cares about that, the main thing is the expensive price of phantom at the moment, and the ability to sell to withdraw live money. Don't fool yourselves.

Does Price reflect real utility in the present and in the future? Yes? Are you sure??? Take a closer look).
Then, hype meme and all sorts of analos# (#solana) ecosystems are the most promising coming out?