๐Ÿ“Š $ARB / $BTC โ€“ 30M Technical Analysis (Binance)

๐Ÿ”น Momentum Indicators:

RSI: 36.00 โšช โ†’ Weak momentum, nearing oversold

Stoch K: 25.00 โšช โ†’ Close to oversold territory

MFI: 41.00 โšช โ†’ Low buying pressure, but not yet oversold

CCI: -134.00 ๐Ÿ”ด โ†’ Strong bearish momentum

Williams %R: -100.00 ๐Ÿ”ด โ†’ Extremely oversold

๐Ÿ”น Trend Indicators:

EMA (10, 25, 50, 100): Bearish ๐Ÿ”ด

EMA 200: Slightly Bullish โ‡๏ธ

SMA (10, 25, 50, 100): Bearish ๐Ÿ”ด

SMA 200: Slightly Bullish โ‡๏ธ

๐Ÿ”ธ Indicates short to mid-term bearish trend, long-term trend trying to hold.

๐Ÿ”น Trend Strength & Direction:

ADX: 32.94 โšช โ†’ Strong trend forming

-DI > +DI: Bearish trend in control ๐Ÿ”ด

MACD: Bearish crossover ON ๐Ÿ”ด

Parabolic SAR: Bearish ๐Ÿ”ด

๐Ÿ“‰ Conclusion:

$ARB/BTC is currently under strong bearish pressure on the 30-minute chart. With oversold signals from CCI and Williams %R, there may be room for a short-term relief bounce, but the overall trend remains decidedly bearish for now.

โŒ Trend: Bearish

โš ๏ธ Note: Oversold signs may attract scalpers, but caution is advised as trend pressure is still down.