💎 ARKM has undoubtedly captured our attention, having broken the descending channel pattern. Following this breakout, ARKM engaged in a retesting phase, subsequently experiencing a robust surge, validating the retesting process.
💎 It's plausible that ARKM will approach the formidable resistance zone, attempting a decisive breakout. If successful, Probability we might witness another significant rally, facilitating a smooth ascent towards the target bearish OB area.
💎 Conversely, a concerning development would occur if ARKM retraces to the demand zone without demonstrating any bullish rejection or bounce. Such behavior could signal ARKM's potential failure to uphold the demand zone, reverting to bearish momentum. Under these circumstances, ARKM could be primed for a downward trajectory, revisiting previous support levels or even descending towards critical support zones.
💎 It's plausible that ARKM will approach the formidable resistance zone, attempting a decisive breakout. If successful, Probability we might witness another significant rally, facilitating a smooth ascent towards the target bearish OB area.
💎 Conversely, a concerning development would occur if ARKM retraces to the demand zone without demonstrating any bullish rejection or bounce. Such behavior could signal ARKM's potential failure to uphold the demand zone, reverting to bearish momentum. Under these circumstances, ARKM could be primed for a downward trajectory, revisiting previous support levels or even descending towards critical support zones.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.