Theia_

ARB Seeking Lower or Forming Bottom?

Short
KRAKEN:ARBUSD   ARB
Arbitrium has followed through on my original idea, breaking through support forming a lower low. Now that we have bounced it seems Arb is finding resistance in the wrong places, as well as a lack of support to push up. Leading me to believe that the markets wants lower. However if this develops into sideways consolidation we could be forming a bottom. I’m leaning bearish.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.