ARB Technical Analysis Jan 29

ARB is squeezing within the $0.16-$0.17 range today, making $0.1642 support critical. Momentum is mixed in the next 24-48 hours, with the downtrend prevailing.

Short-Term Market Outlook

ARB is currently trading at $0.17 and has experienced a 2.75% decline in the last 24 hours. The daily range is narrowing to $0.16-$0.17, with volume at a moderate $105.67M. RSI at 37.64 is approaching oversold territory, signaling short-term rebound potential. However, although the MACD histogram is positive, the price’s inability to hold above EMA20 ($0.17) provides a bearish short-term outlook. Supertrend is giving a bearish signal at $0.18 resistance. The overall trend is downward, with 10 strong levels in 1D/3D/1W timeframes: 1 support/2 resistances in 1D, 2 supports/1 resistance in 3D, 2 supports/3 resistances in 1W. Watch $0.1642 support in the next 24-48 hours; high risk of rapid decline on breakout. For upward movement, a close above $0.1705 is required. In short-term trades, place stop-loss below $0.1642, with risk not exceeding 1-2%. This outlook contains a high volatility warning for intraday traders.

Intraday Critical Levels

Nearby Support Zones

Immediate support at $0.1642 (score: 77/100), the most critical level of the day. If this zone breaks, rapid invalidation could lead to movement toward $0.16, extending to the $0.1457 downside target. Second support at $0.16 (daily low), the last line of defense for scalp longs. If support holds, RSI rebound could be triggered.

Nearby Resistance Zones

First resistance at $0.1705 (score: 64/100), aligned with EMA20. A close above here could reverse momentum. Second resistance at $0.1768 (score: 67/100), converging with Supertrend $0.18. These levels are targets for scalp shorts and breakout triggers for longs. Resistance breakout invalidation below $0.1705.

Momentum and Speed Analysis

Short-term momentum is mixed: RSI at 37.64 signals a buying opportunity, while MACD’s positive histogram shows hidden bullish divergence. However, Supertrend is bearish and price is below EMA20, increasing the risk of rapid decline. Volume is low; expect $110M+ for breakouts. Momentum oscillators are neutral on 4-hour, with oversold divergence on 1-hour. Watch $0.1642 or $0.1705 breakouts for intraday acceleration; volatility is high, scalpers should follow 15-minute charts. Risk management: Position size 0.5-1%, invalidation 10-15 pips away.

Short-Term Scenarios

Upside Scenario

Strong close above $0.1705 (if BTC holds above $88,610) targets $0.1768 first, then $0.1878 (score:30). Triggers: RSI 50+ and volume increase. Invalidation: Close below $0.1642. This scenario suits intraday longs with $0.1650 entry, $0.1705 target scalp; risk/reward 1:2. +5% upside potential in the last 24 hours for swing longs possible, but BTC correlation is critical.

Downside Scenario

Break below $0.1642 (if BTC breaks $87,595) targets $0.16 quickly, then $0.1457 (score:22). Triggers: Supertrend sell signal and volume spike. Invalidation: Above $0.1705. Short scalpers: $0.1700 entry, $0.1642 target; expect 4-6% intraday decline. This scenario indicates downtrend continuation; protect positions with $0.1710 stop.

Bitcoin Correlation

BTC at $88,248 with 0.87% decline, Supertrend bearish. ARB is highly correlated with BTC (0.85+), BTC $87,595 support break would push ARB to $0.1642. If BTC holds $88,610 resistance, ARB joins the rebound. Key BTC levels: Supports $87,595/$86,571, resistances $88,610/$89,337. If BTC dominance rises, be cautious with altcoins; ARB scalps depend on BTC momentum.

Daily Summary and Watch Points

Today’s ARB focus: $0.1642 support and $0.1705 resistance. Upside scenario to $0.1878 with BTC rebound, downside to $0.1457. Monitor volume and RSI divergence. Risk: High short-term volatility, risk 1% of capital. Check links for ARB Spot Analysis and ARB Futures Analysis. Key watches: BTC $88k movement, ARB volume $110M+, 1-hour closes on levels.