$ARB losing momentum on the 1H chart: Looking for liquidity at $0.1986? 📉⚠️
The $ARB /USDT pair is trading at $0.2005 (-1.72%) on the 1-hour timeframe, showing rejection after attempting to break above the upper resistance zone. Price is moving below the short- and medium-term moving average structure.
Key points on the 1H chart:
▪️️ EMAs aligned above price: The EMA 7 ($0.2012), EMA 25 ($0.2028), and EMA 99 ($0.2032) are now acting as a downward-sloping dynamic ceiling.
▪️ Negative MACD: Bearish crossover with the histogram in red (DIF -0.0011 / DEA -0.0008), confirming that sellers have the short-term initiative.
▪️ Unexpected support zone: Price is hovering near the 24-hour low at $0.1986. Losing this level opens the door to a move toward the previous support at $0.1884.
▪️ KDJ in the lower zone (J = 35.28): Trending downward but approaching oversold levels, which could trigger a technical rebound toward the EMA 25.
To regain the bullish structure on the 1H chart, bulls need to close candles above the $0.2032 zone.
Are you waiting for a retest of support at $0.1986, or accumulating in this zone? 👇
$ARB #Arbitrum #BinanceSquare #CryptoTrading #TechnicalAnalysis
The $ARB /USDT pair is trading at $0.2005 (-1.72%) on the 1-hour timeframe, showing rejection after attempting to break above the upper resistance zone. Price is moving below the short- and medium-term moving average structure.
Key points on the 1H chart:
▪️️ EMAs aligned above price: The EMA 7 ($0.2012), EMA 25 ($0.2028), and EMA 99 ($0.2032) are now acting as a downward-sloping dynamic ceiling.
▪️ Negative MACD: Bearish crossover with the histogram in red (DIF -0.0011 / DEA -0.0008), confirming that sellers have the short-term initiative.
▪️ Unexpected support zone: Price is hovering near the 24-hour low at $0.1986. Losing this level opens the door to a move toward the previous support at $0.1884.
▪️ KDJ in the lower zone (J = 35.28): Trending downward but approaching oversold levels, which could trigger a technical rebound toward the EMA 25.
To regain the bullish structure on the 1H chart, bulls need to close candles above the $0.2032 zone.
Are you waiting for a retest of support at $0.1986, or accumulating in this zone? 👇
$ARB #Arbitrum #BinanceSquare #CryptoTrading #TechnicalAnalysis
