ANALYSIS π - ARK/ BTC is testing the major ascending triangle's inclined support as expected from my previous analysis. - Price action is printing a minor ascending triangle at the test zone. - This is a bullish build up pattern. - There's a breakout potential.
BUY ENTRY β¬οΈ - Market entry: current market price. - Stop limit entry: breakout above the minor ascending triangle's horizontal resistance (@0.00003100) - Limit entry: test of the minor ascending triangle's inclined support.
TARGETS π― - Major ascending triangle's horizontal resistance (@0.00003390) - Further breakout above the major ascending triangle's horizontal resistance could lead to a pump to the fibonacci extension levels.
SETUP INVALIDATION β - Breakdown below the minor and major ascending triangle's inclined support.