AKRM Riding the Wave: Buy Low, Ride High! 🌊"**Short Fundamental**
* Arkham Intelligence (ARKM) is a decentralized intelligence platform that aims to provide users with access to high-quality, unbiased information.
* The platform is powered by a network of analysts and researchers who are incentivized to provide accurate and timely information.
* ARKM tokens are used to reward users for contributing to the platform, as well as to pay for access to premium content.
**Recent News**
* Arkham Intelligence recently announced a partnership with Chainlink to provide decentralized oracle services for the platform.
* The platform is also in the process of launching a new data marketplace, which will allow users to buy and sell data sets.
* ARKM tokens have been listed on several major exchanges, including Binance and Huobi.
**Disclaimer**
The information provided in this document is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. The author of this document does not make any representations or warranties regarding the accuracy or completeness of the information provided herein. The author of this document is not a financial advisor and does not provide personalized investment advice. Readers should consult with a qualified financial advisor before making any investment decisions.
ARKMUSDT trade ideas
ARKM/USDT In the Crucial Zone, break out or rejected again??💎 Paradisers, ARKM has certainly caught our attention. Currently, ARKM is grappling with a persistent daily resistance zone. Despite numerous attempts, it has consistently faced rejection at this level.
💎 Previously, after a strong rejection, ARKM plummeted to the demand zone, only to rebound with vigor. This could indicate that ARKM is gathering momentum to finally breach the resistance and embark on an upward trajectory.
💎 However, should ARKM face another rejection and descend, it might aim for the robust support zone to regather its momentum.
ARKM/USDT In the Crucial Zone, Break out & Potential Exploding!Yello Paradisers, Potential Exploding! #ARKM
💎 ARKM recently experienced a significant bounce after being rejected at a key support level, and is now testing the resistance zone. While it has broken through this resistance on a lower timeframe, we should wait for daily timeframe confirmation to validate this breakout.
💎A double-bottom pattern is visible, but breaking the current resistance is crucial for ARKM to easily reach the bearish Order Block (OB) or strong supply zone. The optimal buying strategy for ARKM would be to wait for it to break and close above the resistance on either the daily or 12-hour timeframe.
💎 Should ARKM fail to break through this area, it's likely to revert back to a nearby support level to gather momentum for another breakout attempt. If it breaks that support, additional accumulation at the next key support level would be advisable.
💎 This analysis would be invalidated if ARKM breaks and closes below the key support level on the daily timeframe.
AKRM Short Trade Here is My Study On ANKR.
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This Is Not A Finacial Advise
ARKM Possible Playout ChartARKM's price movement is predicted to continue its decline. Currently, the support based on Fibonacci retracement is at $0.477. However, from a technical perspective, ARKM has the potential to continue its downward trend below the price of $0.445, with a downside risk of -14.15%. A potential reversal could occur if ARKM manages to close its daily price above $0.53. Therefore, it is advisable to adopt a "wait and see" approach at the moment. #DYOR (Do Your Own Research).
ARKM - Falling wedge, or over the edge? ARKM is a newly listed project that has a decentralized intelligence marketplace and ARKM can be utilized with the market.
Since it's initial listing, price action has continued to slide under heavy selling pressure.
Price is down ~50% from its highs. The reduced selling pressure can also be seen from the reduction in volume over time.
If there is not a market wide directional event, we could see strong support at the zones i've illustrated.
I've also added long position indicators for long positions, to gauge how the idea plays out relative to my thesis here.
I would assert that one of these two support zones will act as a point of control that undergoes a test of resistance.
Additionally, falling wedges with this volume profile can indicate a strong reversal.
However, initial listings can be highly volatile and a breakdown of support would not surprise me either. I would put it at 60/40. Bull/bear.
Volatility signals potentials for LONG**Title: ARKHM/USDT Price Analysis: Volatility Signals Potential Upside, Caution Advised**
**Date: July 26, 2023**
In the latest developments for ARKHM/USDT, the cryptocurrency pair has experienced significant price fluctuations, showcasing well-defined small and big waves. While the recent price movements signal potential upside, caution is advised due to the inherent volatility in the market.
**Small Wave 1 ($0.6307) and Small Wave 2 ($0.7245):** ARKHM/USDT started with a bullish tone as Small Wave 1 surged to $0.6307, followed by a correction in Small Wave 2 at $0.7245.
**Small Wave 3 ($0.5907):** The momentum shifted in favor of the bears as Small Wave 3 dropped to $0.5907, indicating increased selling pressure.
**Small Wave 4 ($0.6392):** A retracement occurred with Small Wave 4 reaching $0.6392, suggesting a temporary recovery.
**Small Wave 5 ($0.5601 - Rejection):** The downward pressure intensified, with Small Wave 5 starting a rejection at $0.5601. A significant bottom was formed, indicating a potential reversal.
**Big Wave A ($0.6691 - Retracement):** A larger retracement occurred with Big Wave A hitting $0.6691 on Saturday, July 22, 2023. The market continued its downward trajectory, completing another set of Small 5 Waves, reaching $0.4896, and forming Big Wave C as a temporary bottom.
**Wednesday, July 26, 2023 - Confirmation Buy:** The market showed signs of a potential upturn as the price broke a critical level, reaching $0.5188, confirming a buy signal.
**Forming New Wave A ($0.6020):** Following the confirmation, a new uptrend began, forming a fresh Wave A at $0.6020.
**Wave B Retracement ($0.5201):** The market experienced a retracement in the form of Wave B, pulling the price back to $0.5201.
**Current Price ($0.5334):** As of the current analysis, the ARKHM/USDT pair stands at $0.5334, showcasing potential for further price movement.
**Sentiment:**
The overall sentiment surrounding ARKHM/USDT remains cautiously optimistic. The recent price fluctuations and well-defined waves suggest potential upside, but traders must exercise caution due to the inherent volatility in the market. Proper risk management is crucial as the market continues to exhibit significant price swings.
**Conclusion:**
ARKHM/USDT has displayed a series of well-defined small and big waves, signaling potential price movement in the market. Traders are advised to carefully analyze market trends and implement robust risk management strategies. While there is a possibility of upside potential, caution should be exercised due to the volatility in the market.