ARKBTC Triple bottom

At the 3-hour timeframe chart Ark demonstrate confident bounces from the short term support line.

Technically the coin has a great potential to grow. Triple local bottom was formed around 0.000141 where our lowest point of the buy zone is located. This level acts like a strong and tested support, moreover we see oversold state Stoch RSI state in the short term, while MACD at the weekly timeframe is positive. It indicates possibility of quick growth and consolidation on upper levels further.

At 1-day timeframe the price went above EMA, while trends of moving averages itself are ascending

Buy zone: 0.000141-145
Sell targets:
0.000151
0.000156
0.000161

Comment:

The price was near with the first target, but there were not enough trade volume and it went down. ARK's price is now higher than the buying zone was.

Set stop loss to the breakeven level, the signal is still active

Trade closed: target reached:

The coin reached 0.000160 yesterday and 2nd target was hit

Profit: 10.6%
Duration: 5 days

Trade closed: target reached:

All targets were reached yesterday

Profit: 18.4%
Duration: 7 days