ARKMUSDT trade ideas
Here's an update on ARKM/USDT in a daily timeframe.Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
$ARKM is currently at the crucial support trendline, trying to hold the price above $1.32. The lower support at $1.18 remains intact, and we are likely to see a quick drop to that level followed by a rebound.
Strategy:
- Accumulation: $1.18 to CMP.
- Trade: Spot.
- Primary Resistance: 35 EMA ($1,57).
- Initial Target: $2.
- Long-term Target: $4.
- Invalidation: A close below the lower support line.
DYOR, NFA.
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ARKM/USDT NEW VOLUME INCREASEIn the last hours, we have seen a low time frame decrease from BTC, which did allow most coins to break down in a low time frame.
ARK/USDT is a coin that starting showing new interest since the last trend.
We will follow this coin to see the possibility in volume and confirmations.
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.
MyCryptoParadise
iFeel the success🌴
ARKM Technical Analysis in Daily TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
ARKM has been in a downtrend since March 2024 when it made a new all-time high of $4.02. Currently, the price is close to the primary support level at $1.178, and a rebound is likely expected from here.
The RSI shows a bullish divergence, creating a better chance for a bullish rally.
- Primary Support: $1.176.
- Lower Support: $0.7519.
- Primary resistance: 50EMA and the resistance trendline.
- Long-term Target: $4.
- Invalidation Point: A breakdown and close below the primary support level.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
ARKM SETUP AND INVALIDATIONSAfter close to a 50% Fall from the June's high, We can clearly see a decent retracement brewing on ARKM.
This births certain question, such as
1. What's the overall trend?
2. What's the current market sentiment saying?
3. Are there corresponding patterns to the market sentiment and a host of other questions.
That brings me to my Analysis.
As we witnessed accumulation all through the month of May, Finally a breakdown in June and a retracement to the accumulation zone now heating up.
The overall sentiment of this chart for me remains bearish, as the market approaches a S/R flip zone. I'd therefore be taking a short trade at the set trigger on the chart.
Invalidation is also marked out.
#Tradesafely #Applyrisk
Is ARKMUSDT Poised for a Bullish Reversal? Yello, Paradisers! Are you ready for a potential game-changer in ARKMUSDT? The cryptocurrency is approaching a critical support zone at $1.696, and the signs are looking promising for an upward swing.
💎Currently, ARKM is testing this support level, showing signs of a potential bullish reversal. If it can sustain this momentum, we might witness a successful retest of the support level, leading to a break through the supply area. This could pave the way for a challenge against even stronger resistance zones ahead. Patience is key here; waiting for a definitive retest and momentum build at the support level will ensure you’re making informed trading decisions.
💎As experienced $ARKM traders know, navigating the cryptocurrency market is like playing a strategic game. While the current bullish momentum appears promising, it’s crucial to have a Plan B. If ARKM fails to maintain its momentum and starts to decline, look for a rally from the lower demand level at $1.618. If $ARKM drops below this secondary demand level, it’s a signal to reassess your strategy. Be prepared to adjust your bullish outlook and modify your trading tactics to align with the evolving market conditions.
💎Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. Be disciplined with your trading strategy, and keep mastering your willpower. If you just do this, you will already be 80% better than everyone else.
Stay sharp, stay focused, and as always, trade smart, Paradisers!
MyCryptoParadise
iFeel the success🌴
$Arkm Idea >?< Wild bet Hello traders,
Another wild bet here. You should keep an eye 👀 on this one. It looks like it may be breaking out out the triangle on daily timeframe. When yellow colored box area of interest taken out , this beast might break loose. Possible 100% yield opportunity. Indicators and moving averages screaming for strong buy at the moment. Very interesting idea behind this coin and I personally love it!
" - Arkham uses its own proprietary artificial intelligence engine, ULTRA, to algorithmically match addresses with real-world entities to enhance transparency in the crypto industry.
- Arkham introduces intel-to-earn, an intel economy that matches buyers and sellers of blockchain data at scale."
Unlock the Potential: Enter #ARKM Trade!Symmetrical Triangle Breakout:
The #ARKM/USDT chart showcases a symmetrical triangle pattern, which has just broken to the upside. This breakout signals a significant bullish move, indicating a continuation of the prevailing uptrend.
Solid Support Levels:
The chart demonstrates strong support around the $2.61 level, providing a solid base for the price to rebound. This support reduces the downside risk and offers a reliable entry point.
Bullish Price Action:
Recent price action shows higher lows and higher highs, reflecting a strong bullish sentiment. This positive trend suggests that the price is poised for further upward movement.
Volume Spike Confirmation:
The breakout is accompanied by a noticeable increase in trading volume, confirming the strength and validity of the move. High volume during the breakout indicates strong buyer interest and reduces the chances of a false breakout.
Rising RSI:
The Relative Strength Index (RSI) is trending upwards, indicating increasing bullish momentum. With RSI moving above the midpoint, it signals that there is still ample room for the price to rise before hitting overbought conditions.
Favorable Risk-Reward Ratio:
The trade setup shows a target price of $4.011 with a stop-loss at $1.702, offering an attractive risk-reward ratio. This potential gain significantly outweighs the risk, making this trade a compelling opportunity.
In summary, the combination of a symmetrical triangle breakout, strong support levels, bullish price action, volume confirmation, and positive RSI momentum presents an excellent opportunity to enter the ARKM/USDT trade. Don't miss out on this potential profit-making setup!
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#ARKM/USDT#ARKM
The price is moving within a 2-day triangle pattern, which is a retracement pattern
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum
Entry price is 2.30
The first target is 2.90
Second goal 3.43
Third goal 3.94