$ARB #ARB; #Arbitrum Correction possible↘️🟥-32% and 🚀 #PUMP +72%💸 #INVESTIDEAUA 🔥#HotTrends
The price moves sideways
📊 Time frame
3d ↗️🟩 ▶️accumulation in the form of U, growth up to $2.87
📉 Correction is possible
1d ↘️ ▶️ Breakdown of structure SHORT, $1.82-1.0368
🤔 Rationale:
🔸03/16/24 Unlock ARB 1.11B (11.1% of Total Supply) $ 2.14B (76.7% of Market Cap)
🔸Trade Volumes: Down -96.36% from 7-day high to approximately $1,700,261.55. Observations: The significant drop in trading volume to approximately $1.7 million coincides with a notable 15.36% decline in ARB price over the past week, suggesting a potential correlation between decreased investor interest or liquidity and downward price movements.
🔸 Capital flows: decreased from -190,467.60 ARB in the last 7 days to -844,424.40 ARB, indicating a downward trend. The significant increase in negative capital flows from -190,467.60 ARB to -844,424.40 ARB over the past week appears to correlate with a 15.36% decline in the price of ARB, suggesting that capital outflows may be a contributing factor observed price decline.
🔥 Elimination heat map:
▶️Magnetic Zone: A concentration of liquidation levels in a certain price range can indicate that price is likely to move towards that zone.
🔸 An RSI averaging 44.98 and remaining neutral suggests the market is in balance, but a downward trend in prices could indicate underlying bearish sentiment that is not fully reflected in the RSI.
🔸 OBV shows a downward trend that coincides with a falling trend in prices, indicating sustained selling pressure and confirming bearish sentiment in the market.
