ARKMUSDT trade ideas
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!
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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
LONG #ARKMUSDT30m TF. The coin is moving in a local uptrend, which is confirmed by the compression of the price lows along the inclined line with the help of limit buyers. The compression goes to two levels of resistance, behind which unrealized liquidity has accumulated. This formation indicates a possible continuation of the trend at the breakdown of the levels.
I am waiting for consolidation along the 1st level and the appearance of active purchases in the glass before the breakdown.
ARKMUSDT rally to continues!!!ARKMUSDT is experiencing a notable rally following a breakout from a combination of bullish continuation patterns, specifically a bullish pole and flag formation and a cup and handle setup.
The price has successfully reached the cup and handle target, and this level is now serving as robust support. The price is currently aiming to achieve the target set by the bullish pole and flag formation, as illustrated in the chart and this will also complete the current mini wave cycle.
Our plan is to use the established level at the cup and handle target as a new accumulation zone for buying opportunities. Please share your insights on this setup.
ARKM LongARKM long been DCA down
$2.16
$1.89
$1.41
Analyzes wallet infomation using Ai. Arkham Intelligence was founded in 2020 by Miguel Morel, an experienced entrepreneur in the cryptocurrency markets. In addition, Arkham also includes many investors.These investors include an undisclosed OpenAI Co-Founder, Palantir Co-Founder Joe Lonsdale, Tim Draper, Wintermute, GSR and Geoff Lewis, among others. Dec. As a result, we can say that Arkham has managed to attract some of the leading investors in the crypto field.