The chart shows a clear bearish trend in the ARB/USDT pair over the observed period. The price has seen a significant decline from the high of the last 24 hours.
Key Indicators:
*RSI (6): With a value of 63.1384, the RSI suggests that the asset could be oversold in the near term, which could indicate a possible upward correction. However, given the strong downtrend, any rally is likely to be temporary.
Bollinger Bands: The Bollinger Bands are quite open, indicating high volatility in the market. The price is below the middle band, reinforcing the bearish trend.
Volume: Volume has decreased over the past few hours, which could suggest a loss of interest from buyers.
The ARB/USDT pair is in a bearish trend. Although the RSI suggests a possible upward correction, the overall trend is bearish.
However, given bull market conditions it is an excellent entry price!
