MyCryptoParadise

GAS/USDT Could GAS Break the resistance?? Or back to rejected.

BINANCE:ARKUSDT   Ark / TetherUS
πŸ’Ž ARK's recent market activities have caught considerable attention. ARK has shown resilience by rebounding perfectly upon reaching a crucial support level. Now, ARK is facing a significant resistance area while it traverses a broadening wedge pattern.

πŸ’Ž A successful breakout through this resistance and the pattern's upper boundary could propel ARK into a substantial upward trajectory, probability making it straightforward to achieve our targeted Bearish OB area.

πŸ’Ž However, should ARK struggle to surpass this resistance and face rejection, there's a strong possibility that the price could revert to a downward trend, leading back towards the key support area. This could be an opportunity for ARK to gather momentum for another attempt at breaking the resistance.

πŸ’Ž In the scenario where ARK revisits the key support area, it's critical for the price to show a strong bounce. Failing to do so, and instead breaking down below this support level, could signal a continuation of the bearish trend and potentially lead to further downward movement.

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