ARKBTC
is showing a clear head & shoulders top reversal. expected target prices are labeled on the chart. first target is a probable support level, second target is based on pattern projection. fundamentally this is an excellent coin (decentralized exchange), it just became a victim of hype and needs to cool off for a bit before it can make new highs.
trade at your own risk.
Comment:
bounced off of the 2.618 fib level. due to the strong fundamentals of this coin, it may not end up reaching my labeled target prices. but we'll see.
Comment:
headed to first target level now
Comment:
target 1 reached
Trade closed: target reached:
final target reached