- Last week, when a was printed, we saw a test of EMA50.
- This week, prices tested EMA10 but quickly moved back up.
Now we have ARKBTC trading above EMA10 and EMA50 on the which we call solid and strong.
We saw Bitcoin drop over $1600 in one candle and now is trading $1000 below the recent peak, yet this altcoin pair like many others continue to recover and its price is very likely to increase.
Here we have over 230% potential mapped with mid/long-term targets... This pair can do much more in the long run.
Any trading above EMA50 and we remain strongly on ARKBTC .
Thanks a lot for reading.