Long
ARK/BTC { ARK } - BULLISH SETUP
ANALYSIS 🔎
- ARK/ BTC is testing the major ascending triangle's inclined support as expected from my previous analysis.
- Price action is printing a minor ascending triangle at the test zone.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the minor ascending triangle's horizontal resistance (@0.00003100)
- Limit entry: test of the minor ascending triangle's inclined support.
TARGETS 🎯
- Major ascending triangle's horizontal resistance (@0.00003390)
- Further breakout above the major ascending triangle's horizontal resistance could lead to a pump to the fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the minor and major ascending triangle's inclined support.
- ARK/ BTC is testing the major ascending triangle's inclined support as expected from my previous analysis.
- Price action is printing a minor ascending triangle at the test zone.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the minor ascending triangle's horizontal resistance (@0.00003100)
- Limit entry: test of the minor ascending triangle's inclined support.
TARGETS 🎯
- Major ascending triangle's horizontal resistance (@0.00003390)
- Further breakout above the major ascending triangle's horizontal resistance could lead to a pump to the fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the minor and major ascending triangle's inclined support.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.