ARKM/USDT It possible revisit the demand and continue upward!
💎 Paradisers, #ARKM is indeed gaining attention as a potential coin to monitor closely.
💎 It has successfully broken out of the descending channel pattern, indicating positive momentum. However, the price hasn't yet retraced to retest the breakout level.
💎 The price may likely test the demand zone around $1.7 - $1.46 before resuming its upward movement. Confirmation of a bullish trend reversal would require a breakout above the Choch area, potentially leading to a move toward our target area.
💎 Should ARKM fail to find support and bounce from the demand area, the next significant level to watch is the key support area around $1.26. As the name suggests, this level holds key significance and would ideally act as a strong support zone for ARKM.
💎 However, bullish invalidation would occur if ARKM breaks below the key support area. Such a move would confirm a continuation of the bearish trend, potentially leading to further downward movement in price.
MyCryptoParadise
iFeel the success🌴
💎 It has successfully broken out of the descending channel pattern, indicating positive momentum. However, the price hasn't yet retraced to retest the breakout level.
💎 The price may likely test the demand zone around $1.7 - $1.46 before resuming its upward movement. Confirmation of a bullish trend reversal would require a breakout above the Choch area, potentially leading to a move toward our target area.
💎 Should ARKM fail to find support and bounce from the demand area, the next significant level to watch is the key support area around $1.26. As the name suggests, this level holds key significance and would ideally act as a strong support zone for ARKM.
💎 However, bullish invalidation would occur if ARKM breaks below the key support area. Such a move would confirm a continuation of the bearish trend, potentially leading to further downward movement in price.
MyCryptoParadise
iFeel the success🌴
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