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RotiWokeman
Dec 31, 2017 9:51 PM

ARK BTC Ascending Triangle, Hidden Bullish Divergence Long

Ark / BitcoinBittrex

Description

I'm seeing a similar pattern on a lot of my favorite alts. Hidden bullish divergence (RSI lower lows, price action higher highs), Ichimoku cloud flip, and with ARK in particular we may see an end-to-end cloud break on the daily time frame. Ark is in a clearly defined ascending triangle. I don't think this is bearish enough to be a triple top; the bulls are likely testing the resistance to break upward. The upper limit of the Ichimoku cloud fits perfectly onto the 50% retracement zone of a Fibonacci from the All-time high back in September.

1st target: 0.00070995

babypips.com/learn/forex/divergence-cheat-sheet

Comment

Comment

Comment

Ascending triangle breakout to the upside :D

Trade active

Trade active

Trade closed: target reached

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