ARKMUSDT trade ideas
ARKM - Falling wedge, or over the edge? ARKM is a newly listed project that has a decentralized intelligence marketplace and ARKM can be utilized with the market.
Since it's initial listing, price action has continued to slide under heavy selling pressure.
Price is down ~50% from its highs. The reduced selling pressure can also be seen from the reduction in volume over time.
If there is not a market wide directional event, we could see strong support at the zones i've illustrated.
I've also added long position indicators for long positions, to gauge how the idea plays out relative to my thesis here.
I would assert that one of these two support zones will act as a point of control that undergoes a test of resistance.
Additionally, falling wedges with this volume profile can indicate a strong reversal.
However, initial listings can be highly volatile and a breakdown of support would not surprise me either. I would put it at 60/40. Bull/bear.
Arkham IntelliscamTo me, it seems like an ordinary scam from binance and co.
But, if we look at this pattern, an upper breakout could results in minimum a retest of 0.70$
Trade with caution, enter trade based on the direction of the breakout.
ARKMUSDTARKMUSDT is in strong bearish phase potentially printing LH and LL.
No sign of reversal from here.
We wait and watch for the breakout of last LL.
ARKMUSDTHello Traders,
As we can see that Arkm is on the strong strong and we are hoping a bullish trend from here, as per the chart pattern we are hoping a bullish trend upto upper resistence.
Volatility signals potentials for LONG**Title: ARKHM/USDT Price Analysis: Volatility Signals Potential Upside, Caution Advised**
**Date: July 26, 2023**
In the latest developments for ARKHM/USDT, the cryptocurrency pair has experienced significant price fluctuations, showcasing well-defined small and big waves. While the recent price movements signal potential upside, caution is advised due to the inherent volatility in the market.
**Small Wave 1 ($0.6307) and Small Wave 2 ($0.7245):** ARKHM/USDT started with a bullish tone as Small Wave 1 surged to $0.6307, followed by a correction in Small Wave 2 at $0.7245.
**Small Wave 3 ($0.5907):** The momentum shifted in favor of the bears as Small Wave 3 dropped to $0.5907, indicating increased selling pressure.
**Small Wave 4 ($0.6392):** A retracement occurred with Small Wave 4 reaching $0.6392, suggesting a temporary recovery.
**Small Wave 5 ($0.5601 - Rejection):** The downward pressure intensified, with Small Wave 5 starting a rejection at $0.5601. A significant bottom was formed, indicating a potential reversal.
**Big Wave A ($0.6691 - Retracement):** A larger retracement occurred with Big Wave A hitting $0.6691 on Saturday, July 22, 2023. The market continued its downward trajectory, completing another set of Small 5 Waves, reaching $0.4896, and forming Big Wave C as a temporary bottom.
**Wednesday, July 26, 2023 - Confirmation Buy:** The market showed signs of a potential upturn as the price broke a critical level, reaching $0.5188, confirming a buy signal.
**Forming New Wave A ($0.6020):** Following the confirmation, a new uptrend began, forming a fresh Wave A at $0.6020.
**Wave B Retracement ($0.5201):** The market experienced a retracement in the form of Wave B, pulling the price back to $0.5201.
**Current Price ($0.5334):** As of the current analysis, the ARKHM/USDT pair stands at $0.5334, showcasing potential for further price movement.
**Sentiment:**
The overall sentiment surrounding ARKHM/USDT remains cautiously optimistic. The recent price fluctuations and well-defined waves suggest potential upside, but traders must exercise caution due to the inherent volatility in the market. Proper risk management is crucial as the market continues to exhibit significant price swings.
**Conclusion:**
ARKHM/USDT has displayed a series of well-defined small and big waves, signaling potential price movement in the market. Traders are advised to carefully analyze market trends and implement robust risk management strategies. While there is a possibility of upside potential, caution should be exercised due to the volatility in the market.
ARKM COIN POSSIBLE TRADE SETUP & LONGTERM SCENERIO !!$ARKM Coin Update & Possible Trade Setup !!
• On 4h tf RSI Look Over sold.
• Price already drop 35%+ from all time high & fundamentally this project look strong.
• As we Notic CRYPTOCAP:BTC in Bearish Trend So In short term maximume dump in its price expected at 0.48$-0.45$. ( then bounce back expected.
• And In Longterm Like in Next 6 month, 1year Or bull Run this token price possible we see minimume b/w 2$-5$.
• Amount that you want invest divide in 3 parts first buying near 0.45$-0.48$. ( for short term trade )
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Arkham Possible Playout Chart 1 Week
Arkham (ARKM) is a newly listed token on the largest cryptocurrency exchange, Binance, on July 18th, and it is predicted that ARKM will experience a second pullback session with a target price increase to $0.7215, offering a potential profit of 23.72% in its next session. This increase is believed to be a result of accumulation that may occur after airdroppers sell a portion or all of their ARKM assets. Currently, ARKM is trading at $0.61 and is predicted to reach the support area at $0.578. #dyor (Do Your Own Research).
