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 52.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.37116000 to 0.26149000). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.37116000)
Ending of entry zone (0.26149000)

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 the 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= @ 0.51643000
TP2= @ 0.65827000
TP3= @ 0.82500000
TP4= @ 1.19200000
TP5= @ 1.65500000
TP6= @ 2.45283000
TP7= @ 3.81600000
TP8= @ 4.91800000
TP9= Free
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It would be a retracement to 0.37116000
+1 Reply
@fxniki, Thanks for sharing your point of view.
+1 Reply
I agree with your idea
+1 Reply
@fxniki, Thanks for your comment.
+1 Reply
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