ForecastCity
Long

A trading opportunity to buy in ARKUSD

BITTREX:ARKUSD   Ark / US Dollar (calculated by TradingView)
Technical analysis:
. ARK/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.

Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (1.4547 to 4.4910). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (1.4547)
Ending of entry zone (4.4910)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:

Take Profits:
TP1= @ 1.9008
TP2= @ 2.5293
TP3= @ 2.8638
TP4= @ 3.5292
TP5= @ 5.0388
TP6= @ 6.2557
TP7= @ 7.4755
TP8= @ 9.2089
TP9= @ 11.4100
TP10= Free

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