ARK has been in this channel since 7th December 2017, the uptrend has been solid, there have been no Spring since then.
Currently its at the bottom of the channel, it has reached the bottom 4 times in the past and has always bounced from it:
First bounce peaked at 110% profit
Second bounce peaked at 118% profit
Third bounce peaked at 38% profit
Fourth bounce peaked at 35% profit
MACD / Stoch RSI / RSI support upward movements, we're aiming for 49% profit wityh this trade.
Buy price: 0.00053
Target: 0.00080 ( 49% potential profit )
Stop loss: 0.00049 ( 7% potential loss )
Reward to Risk: 7 to 1
Currently its at the bottom of the channel, it has reached the bottom 4 times in the past and has always bounced from it:
First bounce peaked at 110% profit
Second bounce peaked at 118% profit
Third bounce peaked at 38% profit
Fourth bounce peaked at 35% profit
MACD / Stoch RSI / RSI support upward movements, we're aiming for 49% profit wityh this trade.
Buy price: 0.00053
Target: 0.00080 ( 49% potential profit )
Stop loss: 0.00049 ( 7% potential loss )
Reward to Risk: 7 to 1
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