#ARB/USDT#ARB
The price is moving in a downtrend on the 4-hour frame and is about to rebound down
We have a trend to stabilize below the moving average 100
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a resistance area at the downtrend of the channel at a price of 0.5040
Entry price 0.5032
First target 0.4888
Second target 0.4685
Arbusdtshort
ARBUSDT at resistance againThe price got rejected from the 4h resistance area and landed on the 1h support zone. That produced a good bounce and led the price to reach the 4h resistance zone again. It is possible that this time the price will break this resistance and head to the up side. But lets monitor it and if it does so, a long would be favorable after the break of this resistance.