ARK/BTC

2019年3月29日

Ark has been in this tightening range for some time now. You could make this a triangle, but I'm always a little leery of those massive wicks up. I'd rather see this range tighten further on the daily and look for a break. There's obvious resistance and an inability to hold above the 1750 area. So we can A) buy the bottom of the trend line, B) wait for the range to tighten and look for a break out trade, or C) get a break but look for a daily close above 1750. Target the the top of the wicks in the mid term with the 2700 area being the final target should we remain bullish. Manage your risk properly depending where you enter. Right now a break of 1480 is bearish and below there is where I recommend putting your stop.