#ARKM/USDT#ARKM
The price is moving in a descending channel on the 4-hour frame and is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 1.45
We have a downtrend and the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.56
First target 1.78
Second target 1.96
Third target 2.15
Arkmusdtbuy
ARKM target 2.524h time frame
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Entry: $1.4
TP: $2.52
SL: $1.28
RR: 7.26
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(1) Potential symmetrical structure, will go to the high at $2.52 before December
(2) Retesting the standard double bottom, which neckline is around $1.4
(3) Fibonacci projection 0.618 provide another support
(4) Target is set at Fib 2.0, which also have the resistance from previous structure
(5) Stop loss once going below $1.28
Will ARKMUSDT Surge or Plummet? Critical Analysis Inside!Yello, Paradisers! Have you been tracking #ARKMUSDT’s latest action? Let's dive in.
💎#ARKM has successfully rebounded from strong demand and broken out of a falling wedge pattern, indicating bullish momentum. The price is currently retesting the 1.456 demand level and could continue upward to test the key resistance level at 2.055.
💎Breaking through this resistance is crucial for ARKM to sustain its upward movement, with the highest probability of reaching our target resistance area.
💎However, if Bitcoin experiences negative momentum, ARKM might revisit the 1.456 demand level to build new momentum for another rebound and attempt to test the resistance.
💎If ARKM fails to bounce during the retest and breaks down from the demand level, it could signal trouble as the price might visit the strong demand area. Repeated touches of a strong area often indicate weakening support.
💎If ARKM maintains strong momentum, it has the potential to rebound and reverse upward. But if ARKM breaks down the strong demand, bearish momentum will likely take over, invalidating the bullish outlook and driving the price downward.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
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iFeel the success🌴
Arkham (ARKMUSDT) Hints at Potential Upswing.Arkham (ARKMUSDT) Hints at Potential Upswing
The Arkham ( BINANCE:ARKMUSDT ) chart suggests a possible move upwards after a week-long period of consolidation with price correction. Here are some bullish indicators:
Price Consolidation: The recent price movement might be a setup for a breakout.
Increased Trading Activity: Rising trading volume and market capitalization often indicate growing buyer interest.
While predicting exact prices is difficult, here are some key points to consider:
Breakout Confirmation: Will ARKM decisively break above a key resistance level?
Sustained Volume: Does trading activity continue to increase and support the upward move?
If you're considering a long trade on ARKMUSDT, here's a potential entry strategy:
Wait for Confirmation: Enter after a confirmed breakout above resistance.
Price Target: Consider the previous day's closing high as a possible entry point.
Moving Average: The 120-day moving average can be used as additional confirmation for the breakout.
Important Reminders:
This analysis is for informational purposes only and not financial advice.
Do your own research before making any trades.
Consider using stop-loss orders to manage risk.
ARKMUSDT BULLISH (Harmonic AB=CD)ARKMUSDT shows a bullish momentum as soon as it hits the LH and make new HH. Price actions also shows harmonic AB=CD with a price target going up to TP5. There is no divergence and also open interest is increasing.
***Trade Plan***
Entry @ Buy Stop
Stop Loss @ previous LL
TP1 to TP5 @ 1:5
What do you think, will it work?