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    Arkham Price Prediction - A Decendsing Flag in ARKM Price

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    trishashukla3000

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    Arkham Price Prediction - A Decendsing Flag in ARKM Price

    Uploaded by

    trishashukla3000
    3 views3 pages

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    Arkham Price Prediction- A Decendsing Flag in ARKM Price

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    3 views3 pages

    Arkham Price Prediction - A Decendsing Flag in ARKM Price

    Uploaded by

    trishashukla3000

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    © All Rights Reserved
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    Arkham Price Prediction: A Descending Flag In

    ARKM Price?
    ● Arkham price prediction suggests that bears have a firm grasp over the price action.
    ● ARKM price is up by 6.50% in the last 7 days on the daily chart.

    The Arkham price prediction suggested that it is currently trading within a descending
    channel on a 4h timeframe after making an extremely long bullish candle. Investors'
    sentiments regarding overall cryptocurrencies in the market at present are taking a
    bearish arch.

    An influential presence of the sellers is being observed in the market at the present
    moment. The price is making a descending channel pattern. Though there is a
    probability that it may find buyers' support from the demand zone of descending flag.
    The current trend of Arkham price is bearish, if the bears continue to hold the helm of
    the market the price can see an 11% decline within the next few weeks.

    Despite the bearish pessimism in the market, the descending channel is in a bullish
    pattern. It usually occurs in up trends when the price takes a correction in the
    accumulation phase. Hence, the current market situation is bleak it may not last.

    ARKM's price is currently trading at $3.86 with a 10% gain in the 24-hour trading volume
    and has a market cap of $3.59 Billion.
    ARKM Price Prediction: Technical Analysis of ARKM Price On Daily Chart

    Source: ARKM /USDT by TradingView

    The price action indicates that Arkham token is presently under the firm grasp of the
    bears though the present situation provides an ideal opportunity for the swing and other
    short-term investors as long as the price follows the current. The current target for the
    short-term bear is nearly $0.500. Following the confluence of multiple technical
    indicators, the odds are in the bears' favor in the short-term view. Though the investors
    may prefer to manage the risk-reward ratio accordingly.

    The RSI line is going toward the demand level on the 1-day chart. The RSI line is
    moving near 26.43 points and the 14 SMA provides resistance at around 34.79 points.
    The RSI line indicates that the price of the ARKM token may continue to see a bearish
    decline.

    Stochastic RSI is near oversold levels. The buyers might wait for a positive interception
    between the %D and %K lines though the price action is against them. The present
    value of stochastic RSI is 4.22 points.

    Conclusion
    According to the analysis, A significant presence of the sellers is being observed in the
    market at the present moment. If the bears continue to hold the helm of the market the
    price can see an 11% decline within the next few weeks. The present situation provides
    an ideal opportunity for the swing and other short-term investors.
    Technical levels

    Support - $0.045

    Resistance - $0.060

    Disclaimer
    The views and opinions stated by the author, or any people named in this article, are for
    informational purposes only, and they do not establish financial, investment, or other
    advice. Investing in or trading crypto assets comes with a risk of financial loss.

    Meta dis: The ARKM price is currently trading within a descending channel on a 4h
    timeframe after making an extremely long bullish candle.

    Tags: ARKM token, ARKM price

    Keyword: ARKM price

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