ARK/USDT 0.1655$ (+0.61%) .. Ascending triangle ๐บ Is a breakout coming soon?
Ascending triangle
- Horizontal resistance: 0.1680$ (24h high: 0.1683$)
- Rising support: climbing from 0.1542$
- Price is now 0.1655$ inside the triangle, narrowing toward the end = an imminent breakout
โ Positive signals:
- Supertrend at 0.1631$, green and below the price = uptrend still intact
- RSI 51.37 = neutral with an upward bias, still room to reach 70
- Volume: 338M ARK / 55M USDT = good liquidity
- From 0.1542$ to 0.1680$ = +9% initial upside
Upside: break and close above 0.1680$ on volume =
Target 1: 0.1720$ (+4%)
Target 2: 0.1800$ (+8.7%)
Stop: 0.1631$ (below the Supertrend)
Downside: break below 0.1631$ and the triangle = pattern failure, target 0.1596$ - 0.1542
#ARK
#ARKUSDT
#ู ุซูุซ_ุตุงุนุฏ
#ุชุญููู_ููู #Binance
#Crypto
Not financial advice..
$ARK
Good luck everyone, just a chart read for reference
Ascending triangle
- Horizontal resistance: 0.1680$ (24h high: 0.1683$)
- Rising support: climbing from 0.1542$
- Price is now 0.1655$ inside the triangle, narrowing toward the end = an imminent breakout
โ Positive signals:
- Supertrend at 0.1631$, green and below the price = uptrend still intact
- RSI 51.37 = neutral with an upward bias, still room to reach 70
- Volume: 338M ARK / 55M USDT = good liquidity
- From 0.1542$ to 0.1680$ = +9% initial upside
Upside: break and close above 0.1680$ on volume =
Target 1: 0.1720$ (+4%)
Target 2: 0.1800$ (+8.7%)
Stop: 0.1631$ (below the Supertrend)
Downside: break below 0.1631$ and the triangle = pattern failure, target 0.1596$ - 0.1542
#ARK
#ARKUSDT
#ู ุซูุซ_ุตุงุนุฏ
#ุชุญููู_ููู #Binance
#Crypto
Not financial advice..
$ARK
Good luck everyone, just a chart read for reference
