$ARB is up 82.25% in 30 days and still down 7.11% on the week. I read that as a pause inside a big run, not a top.
Over the month it's 72.6 points ahead of BTC. The week handed back 7.7 of those points, and five slow days don't erase a month like that.
The slow part is the tell. Volume over the last 5 days is 0.56x the 20 days before, so nobody is chasing it down. The Elara upgrade, which adds transaction blocking for enterprise chains, gives the run a reason to exist. Setup score is 8 out of 14. That's decent, not a screamer, and I'm not dressing it up.
$ARB trades at $0.201 right now. If it holds yesterday's low at $0.1996, I think it walks back up to yesterday's high at $0.2124, about 5.6% away. If it loses $0.1996, I'm wrong on this and there's nothing to defend. Anyone long would be holding a pullback that turned into a reversal.
holding $0.1996 or losing it?
follow me for more calls like this.
Over the month it's 72.6 points ahead of BTC. The week handed back 7.7 of those points, and five slow days don't erase a month like that.
The slow part is the tell. Volume over the last 5 days is 0.56x the 20 days before, so nobody is chasing it down. The Elara upgrade, which adds transaction blocking for enterprise chains, gives the run a reason to exist. Setup score is 8 out of 14. That's decent, not a screamer, and I'm not dressing it up.
$ARB trades at $0.201 right now. If it holds yesterday's low at $0.1996, I think it walks back up to yesterday's high at $0.2124, about 5.6% away. If it loses $0.1996, I'm wrong on this and there's nothing to defend. Anyone long would be holding a pullback that turned into a reversal.
holding $0.1996 or losing it?
follow me for more calls like this.
