#ARB STRUGGLES TO RETRACE BACK TO ITS DAILY AVERAGE: WHAT'S NEXT?
We have highlighted ARB's daily range and we have found out that the price hasn't retraced back to its average. Our conclusion for this matter is the fact that the crypto market is still confused to the overall direction in the present time. Although, we can see this altcoin to be moving in between its daily range. There will still be continuation of the accumulation that this altcoin is still doing. As the market continues to show more signs of rejection. Identification of suitable spots for long positions will be a great thing to do with this altcoin. As for the optimal positions, we will continue to wait for them since this altcoin is already considered as oversold and once it gets extremely oversold more buyers will show interest.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
