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EthanTW
Nov 22, 2023 1:38 PM

ARK target 2.7 Long

Ark / TetherUSBinance

Description

2h time frame
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ARK is creating a symmetrical triangle, this is probably a continuation structure of the previous pumping wave (from 0.43 to 1.85).Therefore, there are two opportunities to open long, retesting triangle bottom or breaking above triangle, target can be set with Fibonacci Projection.
TP: 2.74 / 3.29
SL: 1.275
Comments
Anticovid
Hi Sir, are you still bullish on it, seeing the bad PA but 25 daily MA just about to support the price?
EthanTW
@Anticovid, Hi, I just keep SL as plan at 1.275
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