ARKBTC on the daily time frame. Looks to be accumulating within a what appears to be the formation of a bullish ascending triangle. Above the 200EMA by quite some distance which in itself is testament to ARK's upwards drive. I'm keen to see what happens when price meets ascending trend line 'A'. Arguably price action on the daily is in no-mans land for a scalp...
COIN ACCUMULATING AS PREVIOUSLY EXPLAINED, SO YOU WILL FIND THOSE WHICKS OF PUMP AND RETRACEMENT, EXPECT IT TO MOVE HEALTHY FROM THIS POINT AND ACCUMULATE MORE BEFORE THE PUMP.
I HAVE UPTADED THE POSSIBLE SCENARIO THAT I SEE.
TWO ENTRIES AT 250 AND 210 . NOT HOLDING AND TARGETING AROUND 270+
PLEASE READ PREVIOUS CHARTS AND UNDERSTAND THE IDEA FROM THE...
ARK IS ALSO MOVING IN ACCUMULATION RANGE PREVIOUSLY POSTED. (PLEASE CHECK PREVIOUS CHARTS TO UNDERSTAND THE WHOLE IDEA BEHIND THESE POSITIONS)
250 and 210
CHECK PREVIOUS CHARTS AND UNDERSTAND THE IDEA.
FIRST ENTRY 250/b]
SECOND ENTRY 210
DEVIATION OF ABOUT 16%
NO SL IN HISTORICAL ALL TIME LOW
SHOWING STRONG SUPPORT
EXPECT ANOTHER PUSH DOWN (RULE OF ACCUMULATION)
RULE OF COST AVERAGE
IF YOUR FIRST ENTRY IS 1
YOUR SECOND ENTRY IS 2
THIRD ENTRY 3
SO YOUR EXIT PRICE FOR ALL YOU SHAKY HANDS IS LOWER TO YOUR INITIAL BUY AND LOWER THAN THE MEDIAN %
ARK/BTC - ARK/USD both hit resistances at the same point, ARK/USD on the 78.6 Fib and ARK/BTC on the downward trend line, i do believe if we close above we can see movement towards 1286 SATS. Movement in the cloud could see more gains.
Hi price is moving along bull trend line but is not get new higher end of candles what we can see on chart . In this situation my advice is wait when price will breakout resist line . We see that indicators give us signal for buy also we can see a lot moving volume . Look like triangle formation but is good wait for confirmation and also we have to be careful for...