ARK has seen some good news; smartbridge for BTC, got SCIC status in France and the mobile wallet is almost done. This has caused the initial spike towards the blue trendline, after it bounced perfectly from my target area where I entered this trade. Now ARK is trying to break out from the trendline which now works as support. The green box on the right chart is where I placed some more buy orders. Stoploss would be not far below this box. If ARK can break from the continuation pattern it is now forming, the next target could be around 0.0006.
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Major bull run from BTC last night caused a dip in almost all alts. ARK couldn't hold above the trendline, is now back in the channel and testing the 0.00034 level. It should hold this level as a fibo 0.0618 retracement, otherwise it might retrace a lot further. Half of my position (the ones I bought in the upper green box) got stopped out already. I'm keeping the other half to see if it can hold this level and maybe bounce back up if BTC cools down.
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ARK is recovering its losses, and is moving up in the channel again. Picked up some extra ARK in the lower blue box. First target will be at the upper trendline.
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Trade closed: target reached:
ARK fully reached all my targets. Now at the top of the trendline, might enter new trades when breaking through this line.
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