The chart for ARKBTC continues to be solid/strong.
Last week, when a Doji 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 weekly timeframe which we call solid and strong.
The MACD stays above zero and the signal line; bullish.
The RSI is really strong above 70.
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 bullish on ARKBTC.