ARKM/USDT Bullish Continuation Pattern. Continue Upward Move ?
Updated
💎 ARKM has certainly turned heads in the market with its recent performance. The asset is currently forming a bullish flag pattern, which is typically indicative of a continuation of the prior uptrend. A successful breakout from this pattern could lead to a significant upward surge on the ARKM chart, Probability allowing ARKM to reach or even surpass our target in the major supply and bearish order block (OB) area.
💎 However, should ARKM struggle to breach the confines of the bullish flag pattern or encounter rejection, it may retreat to retest the demand zone at $0.339 in search of renewed momentum. This particular demand zone, previously a supply area and coinciding with the resistance trendline of a major descending channel, is a likely candidate for a bounce should the price revisit this level.
💎 In an unfavorable turn of events, if ARKM were to return to the demand zone and fail to hold it—effectively breaking down below this area—it would signal a reversal to bearish sentiment. Such a development could lead ARKM to revisit the key support area, marking a significant setback in its recent bullish advances.
💎 However, should ARKM struggle to breach the confines of the bullish flag pattern or encounter rejection, it may retreat to retest the demand zone at $0.339 in search of renewed momentum. This particular demand zone, previously a supply area and coinciding with the resistance trendline of a major descending channel, is a likely candidate for a bounce should the price revisit this level.
💎 In an unfavorable turn of events, if ARKM were to return to the demand zone and fail to hold it—effectively breaking down below this area—it would signal a reversal to bearish sentiment. Such a development could lead ARKM to revisit the key support area, marking a significant setback in its recent bullish advances.
Trade closed: target reached
Bingo! #ARKM is dancing to our tune, up 80.32% just like we predicted.
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