ARKBTC

The price has hit important support level on 4 hr chart. It is still trading above the pivot level. Oscillators are indicating downside after topping. WA Explosion is dropping on bullish front. We are waiting for the price to break pivot. If WA Explosion turns negative and picks momentum, we can see a quick dip in pricing.

Meanwhile here is the news for today "Cryptocurrencies dipped lower on Friday, with Bitcoin falling to a one-week low as the bear market returns". On the regulatory front, the International Monetary Fund thinks that central banks should regulate cryptocurrency assets to keep the digital coins from having an unfair competitive advantage.

Lets see if the news can add fuel to the fire and bring the pair down

Comment:

P is acting as a strong support. Watch for breakdown. Still green bars on trend, waiting for red bars

Comment:

Bingo...another trade analysis in money. Enjoy the profit$$