$ARKM
I wish you a happy and fulfilling week. Looking back at our previous analysis, we have discussed and evaluated a variety of altcoins, including Arkm, PHB, Render, FET, EthFi, etc., and the performance of these tokens has not disappointed us so far.
Many of these tokens have successfully broken through their main channel resistance, and many have also crossed the weighted average line, which makes us look forward to seeing whether they can further push the main channel trend upward to create a clear upward trend. As for prices, they are still at a relatively low level relative to their potential, so for investors who set a reasonable stop loss, this is still a buying opportunity worth considering.
On the other hand, we also noticed that tokens such as rdnt, tnsr, idex, arb have not yet broken through their resistance levels, but they have been hovering in the resistance area for weeks, like a tight spring that may burst at any time. This provides investors with another opportunity to observe and evaluate, and perhaps find potential buying points.
Looking at BTC again, it tried near the upper limit of the main channel. Although it failed to break through successfully due to insufficient trading volume over the weekend and slightly pulled back, this did not change our optimistic expectations for the subsequent trend. We noticed that the slope of the channel has decreased, which may mean that the market is accumulating strength for the next breakthrough.
I mentioned earlier that ETH may be a key factor in breaking through the resistance of this channel, and today's opening seems to verify this. Therefore, it is reasonable to predict that ETH may show higher performance and more generous returns in the coming week.
Finally, I would like to emphasize that the analysis I provide here is for reference only and should not be regarded as investment advice. Everyone's investment decision should be based on their own research, risk tolerance and investment goals. I will continue to provide charts and their analysis, but the final decision is in your hands. I hope that my analysis can provide some valuable clues and perspectives for your investment journey, especially for those who may lack professional evaluation and analysis tools.