Bouncing off major @ $2-$2.20, priced formed a new high with resistance @ $2.85. March 3rd (lower high) has been taken out, awaiting price to form (higher low). A daily candle that close above $2.85 and Ark will pick up with momentum.
Shifting over to our pattern timeframe we can see a minor correction is in place. As this analysis is being written price is sitting @ $2.60 with the open a of anew 4hour candle. If price holds @ this level wait for break and close above $2.70 on the 4hour for entry. Another possible entry is waiting for the potential bounce off our support @ $2.35 zone
Finally looking at our trigger timeframe we see intraday price is looking . Our support @ $2.35 looks like it will be visited in the near future.A bounce off this level is the ideal entry, not only bouncing off our drawn support but trendline as well.
Target 1: $3.00
Target 2: $3.75
Target 3: $7.00
Target 4: $10.00
Target 5: $15.00
Target 6: HODL
* Buy: Wait for bounce @ $2.35 or break and close above $2.70
* Sell: Por Que?
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