Here's why I have Ark (ARK) on my list to boom any minute:
Since May 25th, Ark has not seen the bullish trends similar to that of BTC and other cryptos, that could change soon. As shown in the chart we have a general downtrend as well as falling pivot points. With the sudden spike that we saw at 12 noon (6/5/19) in addition to the trend-breaking, positive upward pivot point movement that we have seen from June 1st to now signified by the green arrow, we should expect a sudden reversal of this counterintuitive bearish trend and soon we may see a quick bull run and an upward wedge. I am not 100% certain as the ATR and the RSI are both still showing a bearish volatility, but this could likely be the sign of some BIG waves from the whales. Keep your eyes open, in the coming days or so. Happy trading!
Since May 25th, Ark has not seen the bullish trends similar to that of BTC and other cryptos, that could change soon. As shown in the chart we have a general downtrend as well as falling pivot points. With the sudden spike that we saw at 12 noon (6/5/19) in addition to the trend-breaking, positive upward pivot point movement that we have seen from June 1st to now signified by the green arrow, we should expect a sudden reversal of this counterintuitive bearish trend and soon we may see a quick bull run and an upward wedge. I am not 100% certain as the ATR and the RSI are both still showing a bearish volatility, but this could likely be the sign of some BIG waves from the whales. Keep your eyes open, in the coming days or so. Happy trading!
Comment:
There's support at 0.0000711, I am starting to go bear on ARK but I still hold for now. Stop is set at 0.0000707, however.