There is a trading opportunity to buy in ARKUSD
Technical analysis:
. ARK/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.559 to 0.426). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.559)
Ending of entry zone (0.426)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.8250
TP2= @ 1.0013
TP3= @ 1.1920
TP4= @ 1.6550
TP5= @ 2.4540
TP6= @ 3.8160
TP7= @ 4.9180
TP8= Free
. ARK/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.559 to 0.426). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.559)
Ending of entry zone (0.426)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.8250
TP2= @ 1.0013
TP3= @ 1.1920
TP4= @ 1.6550
TP5= @ 2.4540
TP6= @ 3.8160
TP7= @ 4.9180
TP8= Free
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