Short

ARKUSDT short opportunity

Updated
ARKUSDT remains in the downtrend.
Both in a short-term and long-term perspective we're expecting the downtrend to continue.

Recently Binance delisted ARKBTC trading pair which is not a good sign for this project when it comes to long-term predictions.

On the lower degree the price remains under the downsloping resistance line creating lower highs. Support at $0,277 were holding pretty well, however it was tested already so many times that we expect it to break at some point.

How to trade it:
You can short rejections below the downsloping resistance line (put a stop loss above this yellow line once you enter your short) or you can wait for a price to break the support at $0,277.

Target for shorts / entry for long: $0,251
As this coin is easy to pump by whales as it's very illiquid market , don't do higher than 5x leverage.

Good luck
Trade active
Support is acting as a resistance now. Expecting the price to reach the target soon
Trade closed: target reached
targets reached
ARKARKBTCarkcoinARKKARKUSDChart PatternsHarmonic PatternsTechnical Indicators

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