Arkham Bullish Vs Bearish (Support Levels & ST Target)

29 Sep

Arkham is now moving within the bullish zone on a short-term basis. Notice the "April 2024 support range" mapped on the chart, the grey space. As soon as ARKMBTC moved above this level, the chart setup becomes bullish and points to higher prices. If it moves below, it turns bearish.

We have a full green candle today and we can expect additional growth in the short-term. If there is a drop, support can be found in the lower range, this level can work for a reversal. If prices move even lower, then the chart setup turns bearish (red arrow).

Here we have potential for one more jump to reach a 90% target.

Make sure to plan before buying because market conditions are always changing. What looks good today can be bad tomorrow, what looks bad now can turn bullish the next day.

Thank you for reading.

Namaste.