$ARB

Analysing the ARB/USDT trading pair on the basis of given indicators. And price prediction for the next 4 hours and after a Day.

Chart Analysis:

1. Price Movement and Candlestick Pattern:

- The recent candlesticks indicate a sharp drop in price to $0.9000 followed by a slight recovery to $0.9883.

- This drop forms a long bearish candlestick, suggesting a strong selling pressure.

2. Exponential Moving Averages (EMAs):

- EMA(7) is below EMA(25) and EMA(99), indicating a short-term bearish trend.

- The gap between the EMAs is widening, reinforcing the bearish sentiment.

3. Volume:

- There is a significant spike in volume during the price drop, indicating high selling activity.

4. Relative Strength Index (RSI):

- The RSI is at 22.1780, which is in the oversold territory (below 30). This suggests that the price might be due for a short-term bounce or consolidation as the market corrects from the oversold condition.

5. Stochastic RSI:

- Both the Stochastic RSI and its moving average are around 20, also indicating an oversold condition.

Price Prediction:

Next 4 Hours:

- Given the oversold conditions indicated by both the RSI and Stochastic RSI, the price may stabilize or see a short-term bounce.

- However, due to the overall bearish trend indicated by the EMAs, any bounce may be limited, and the price might face resistance around the EMA(7) (currently around 1.0253).

- The price could range between $0.95 to $1.02, with a possibility of testing the recent low of $0.9000 if the selling pressure continues.

Next 1 Day:

- If the price manages to stabilize and move above the EMA(7), it could attempt to recover towards the EMA(25) (around 1.0755). However, this would require sustained buying pressure.

- If the bearish sentiment persists, the price might consolidate between $0.90 and $1.00, with potential further declines if the selling pressure intensifies.

- Overall, the medium-term outlook remains bearish unless there is a strong reversal signal.