ARK/BTC { ARK } - BULLISH SETUP

ANALYSIS 🔎
- ARK/BTC is printing the inversed head and shoulders pattern at its early stages.
- The inverse head and shoulders pattern is a bullish reversal pattern.
- Catching the pattern aggressively at its early stages would yield a good profit but it's quite risky.

BUY ENTRY ⬆️
- Current market price.

TARGETS 🎯
- Horizontal resistance level (@0.000040).
- Horizontal resistance level (@0.000050).
- Horizontal resistance level (@0.000064).
- Horizontal resistance level (@0.000094).

SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the ascending trendline support.
- Final invalidation: beakdown below the right shoulder's horizontal suppor level (@0.00001943).