Long
ARKBTC Triple bottom
At the 3-hour timeframe chart Ark demonstrate confident bounces from the short term support line.
Technically the coin has a great potential to grow. Triple local bottom was formed around 0.000141 where our lowest point of the buy zone is located. This level acts like a strong and tested support, moreover we see oversold state Stoch RSI state in the short term, while MACD at the weekly timeframe is positive. It indicates possibility of quick growth and consolidation on upper levels further.
At 1-day timeframe the price went above EMA, while trends of moving averages itself are ascending
Buy zone: 0.000141-145
Sell targets:
0.000151
0.000156
0.000161
Technically the coin has a great potential to grow. Triple local bottom was formed around 0.000141 where our lowest point of the buy zone is located. This level acts like a strong and tested support, moreover we see oversold state Stoch RSI state in the short term, while MACD at the weekly timeframe is positive. It indicates possibility of quick growth and consolidation on upper levels further.
At 1-day timeframe the price went above EMA, while trends of moving averages itself are ascending
Buy zone: 0.000141-145
Sell targets:
0.000151
0.000156
0.000161
Note
The price was near with the first target, but there were not enough trade volume and it went down. ARK's price is now higher than the buying zone was. Set stop loss to the breakeven level, the signal is still active
Trade closed: target reached
The coin reached 0.000160 yesterday and 2nd target was hitProfit: 10.6%
Duration: 5 days
Trade closed: target reached
All targets were reached yesterdayProfit: 18.4%
Duration: 7 days
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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.
Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
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.