$ARC

Short

Entry: 0.04681 (current) and 0.04772 (at the upper resistance if it rebounds)

Targets:

0.04552 (testing MA7 average)

0.04481 (testing MA25 average)

0.04314 (support at MA99 average)

Stop: above the level of 0.04850

Simple Analysis:

The currency has achieved a strong rise of +15.15%, but the Relative Strength Index (RSI) has reached an overbought level at 74.34. The price is currently significantly extended above the moving averages, and signs of weakness have appeared at the peak of 0.04772, indicating the start of a downward corrective wave to test support levels below.

$POWER $RAVE