Another One, ARK/USD long opportunity!
Daily
Bouncing off major support zone @ $2-$2.20, priced formed a new high with resistance @ $2.85. March 3rd (lower high) has been taken out, awaiting price to form (higher low). A daily candle that close above $2.85 and Ark will pick up with momentum.
4Hour
Shifting over to our pattern timeframe we can see a minor correction is in place. As this analysis is being written price is sitting @ $2.60 with the open a of anew 4hour candle. If price holds @ this level wait for break and close above $2.70 on the 4hour for entry. Another possible entry is waiting for the potential bounce off our support @ $2.35 zone
Hourly
Finally looking at our trigger timeframe we see intraday price is looking bearish. Our support @ $2.35 looks like it will be visited in the near future.A bounce off this level is the ideal entry, not only bouncing off our drawn support but trendline as well.
Target 1: $3.00
Target 2: $3.75
Target 3: $7.00
Target 4: $10.00
Target 5: $15.00
Target 6: HODL
*Conclusion*__
* Buy: Wait for bounce @ $2.35 or break and close above $2.70
* Sell: Por Que?
We spend our days following the patterns, technicals and essentials of the
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Bouncing off major support zone @ $2-$2.20, priced formed a new high with resistance @ $2.85. March 3rd (lower high) has been taken out, awaiting price to form (higher low). A daily candle that close above $2.85 and Ark will pick up with momentum.
4Hour
Shifting over to our pattern timeframe we can see a minor correction is in place. As this analysis is being written price is sitting @ $2.60 with the open a of anew 4hour candle. If price holds @ this level wait for break and close above $2.70 on the 4hour for entry. Another possible entry is waiting for the potential bounce off our support @ $2.35 zone
Hourly
Finally looking at our trigger timeframe we see intraday price is looking bearish. Our support @ $2.35 looks like it will be visited in the near future.A bounce off this level is the ideal entry, not only bouncing off our drawn support but trendline as well.
Target 1: $3.00
Target 2: $3.75
Target 3: $7.00
Target 4: $10.00
Target 5: $15.00
Target 6: HODL
*Conclusion*__
* Buy: Wait for bounce @ $2.35 or break and close above $2.70
* Sell: Por Que?
We spend our days following the patterns, technicals and essentials of the
present most sultry data about Bitcoin, Ethereum, ICO's and different Altcoins,
and burrow through all the messiness to discover just the best data for our perusers!
In the event that you need the best cryptocurrency to buy / news conveyed
straight to your inbox.
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