Arsenal still have a chance, but it's obviously very tough because they are not only required to play well consistently, but they also have to hope that Liverpool will struggle in the following games. But if Arteta can be realistic, then it would be better if they quickly waved the white flag in the EPL race, so they can focus on other competitions (eg, the Champions League), and that might increase their chances there.
Hope you not saying Arsenal is having a chance to win the premier league title this season, because that’s not just possible for Arsenal to win the premier league title this season. Liverpool is ahead of Arsenal with 13 points, how will arsenal be able to cover that points up? Even if Liverpool performance drops, I don’t think Arsenal will be able to cover up, because their performance has dropped also, Arsenal can’t win all the matches which they are having left, they are definitely going to win, draw and lose some, so I just dont know how Arsenal will win the premier league.
What Arsenal should focus on is the champions league, that’s the only trophy which they can win this season, and I don’t really think that’s going to be possible also, with Arsenal current performance, I don’t really think they will be able to win most of the clubs in champions league currently, Arsenal next match will be against PSV, let’s see how they will perform in the match.