Timonrosso

ARK sinking to 0.2000

Kort
BINANCE:ARKBUSD   None
Symmetrical Triangle has formed on the ARK.
This is a bearish pattern, which once the price breaks down we could see a target of $0.2000
With the candle spikes and gaps, these are dangerous signs of liquidity and manipulation issues which spooks investors away from unstable penny cryptos like these (or other penny markets for that matter).
I'm bearish with this one and wouldn't bet my shirt on it.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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