ARK has steadily climbed right back up to it's old IPO highs at around 4.50 from .03.
We need to break this resistance to see a new leg higher.
It has consolidated since September sideways under that level until bouncing off the upward sloping trend line, a bullish sign.
The longer we consolidate under this level, the stronger the break out might be. We want to be long over a strong break out of those old highs at 4.5 on good volume and if we hit overbought on the RSI.
Long over old highs around 4.5 Stop under 4.00 Target 6.74 (161.8% retracement of September to October consolidation range)
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MY TRADING METHOD: I keep my analysis simple. Good analysis always is. I use Price Patterns, Moving Averages, and RSI for my analysis. I use the 1 day for trend analysis and 60 minute for trade entry For my Targets I use Fibonacci projections, measured moves, support and resistance. Successful trading means proper risk sizing and trading small so you can stay in the game.
How do you know which trading pair is best and most accurate for crypto? Is USD or BTC tend to be more accurate?
BerlinTrader591
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@bborkowski97, Both are equally accurate. BUt if a lot of coins are increasing in price, then you can see which one is stronger and which one is weaker when you compare them to BItcoin.
JonnieGopher
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Bought 400 at 3.40... here's hoping for massive late November breakout