Crypto
ARB Traders on High Alert as Momentum Fades
ARB is trading at $0.17 this morning and technical indicators are flashing cautionary signals.
The Relative Strength Index (RSI) has entered overbought territory above 70, while the Moving Average Convergence Divergence (MACD) histogram has flatlined at zero, indicating that momentum may be dying.
Historically, when price is pressed against the upper Bollinger Band with a flatlining MACD, mean reversion occurs rather than a breakout.
Smart money positioning data shows a 58.6% long bias with a 1.42 ratio, which suggests that the whales and retail crowd are aligned in the same direction.