💎 Keep a close eye on the ARKUSDT
💎 Paradisers, #ARK has formed a descending channel, and the price is potentially forming a double bottom after absorbing liquidity, which increases the bullish probability.
💎 We can expect a bounce from here due to the liquidity taken and the double bottom pattern, but we don't yet have a clear formation from the price.
💎 If the price breaks out of the descending channel and resistance level, we can target the next resistance levels.
💎 However, if the price breaks down below the demand zone, it will invalidate the bullishness. In that case, it's best to wait for better price action to develop.
💎 We can expect a bounce from here due to the liquidity taken and the double bottom pattern, but we don't yet have a clear formation from the price.
💎 If the price breaks out of the descending channel and resistance level, we can target the next resistance levels.
💎 However, if the price breaks down below the demand zone, it will invalidate the bullishness. In that case, it's best to wait for better price action to develop.
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