1H read on $ARB at 0.1851. On the hourly chart $ARB is below EMA20 (0.1861) and EMA50 (0.1882); bounces into the EMA20 have been sold so far. 1H MACD momentum is bullish but still building, so the move still has drive.
If 0.1869 gives way on a closing basis, 0.1889 is next.
A break of 0.185 would expose 0.1838.
Bias on the 1H: bearish until EMA50 is reclaimed.
Context: this is roughly in step with $ETH (-0.59%), while $TRX (-1.21%) is the most similar move among liquid pairs.
If 0.1869 gives way on a closing basis, 0.1889 is next.
A break of 0.185 would expose 0.1838.
Bias on the 1H: bearish until EMA50 is reclaimed.
Context: this is roughly in step with $ETH (-0.59%), while $TRX (-1.21%) is the most similar move among liquid pairs.