Interesting chart for 
ARKMUSDT
Apologies for the trendlines mess, but they're all potentially relevant.
Watch for
• Bounce at ~$0.49 (0.786 Fib)
• Break above the yellow and orange resistance trendlines (~$0.57)
These conditions could form a Cup & Handle pattern and lead to a retest of the $0.80-$0.85 supply zone.
If that it broken, it could set the next target to ~$1.25.
ARKMUSDTApologies for the trendlines mess, but they're all potentially relevant.
Watch for
• Bounce at ~$0.49 (0.786 Fib)
• Break above the yellow and orange resistance trendlines (~$0.57)
These conditions could form a Cup & Handle pattern and lead to a retest of the $0.80-$0.85 supply zone.
If that it broken, it could set the next target to ~$1.25.
Note
4H zoom-in showing a clear RSI bull divergence as the price retested the ~$0.49 (0.786 Fib) support zone.Confluence keeps adding up, and this is starting to look more and more like a high-conviction setup.
Note
ARKM holding support while breaking RSI downtrend on the daily.Watch it closely.
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.
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.