đź’Ž Paradisers, #ARKM is indeed gaining attention as a potential coin to monitor closely.
đź’Ž It has successfully broken out of the descending channel pattern, indicating positive momentum. However, the price hasn't yet retraced to retest the breakout level.
đź’Ž The price may likely test the demand zone around $1.7 - $1.46 before resuming its upward movement. Confirmation of a bullish trend reversal would require a breakout above the Choch area, potentially leading to a move toward our target area.
đź’Ž Should ARKM fail to find support and bounce from the demand area, the next significant level to watch is the key support area around $1.26. As the name suggests, this level holds key significance and would ideally act as a strong support zone for ARKM.
đź’Ž However, bullish invalidation would occur if ARKM breaks below the key support area. Such a move would confirm a continuation of the bearish trend, potentially leading to further downward movement in price.
 MyCryptoParadise
iFeel the success🌴
đź’Ž It has successfully broken out of the descending channel pattern, indicating positive momentum. However, the price hasn't yet retraced to retest the breakout level.
đź’Ž The price may likely test the demand zone around $1.7 - $1.46 before resuming its upward movement. Confirmation of a bullish trend reversal would require a breakout above the Choch area, potentially leading to a move toward our target area.
đź’Ž Should ARKM fail to find support and bounce from the demand area, the next significant level to watch is the key support area around $1.26. As the name suggests, this level holds key significance and would ideally act as a strong support zone for ARKM.
đź’Ž However, bullish invalidation would occur if ARKM breaks below the key support area. Such a move would confirm a continuation of the bearish trend, potentially leading to further downward movement in price.
 MyCryptoParadise
iFeel the success🌴
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Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.