CyrusTheGreat
Long

Daily wedge with good bullish volume

BINANCE:ARKBTC   Ark / Bitcoin
Ark is a project with pretty strong fundamentals and it's moving not far from all-time lows.

TA shows Higher lows with lower highs, volume is there, we can expect a breakthrough above the top trend line similar to what other alt coins did recently.
First level of interest is S/R strong support at Jan 5 and resistance from March 25 where support was pushed down pretty strong.
Comment: Trend has been retested. We are still on track.
Comment: Things went fine and the break happened. Now it's important for the accumulation phase to not be pushed very fast back to the trend line. A retrace to 3150-3160 will be healthy for the next push.
Comment: Good run! 3353 is a strong resistance level so it will be a good moment for some sideways accumulation before moving forward.
Comment: 3353-3355 is a target which was previously rejected to 2928 in less than 1h so it's a strong level. The accumulation which is happening now is super healthy if bulls can defend the 3200 level which was previously resistance and became 2 times tested support on the hourly graph.

Still bullish on this.
Comment: We are lurking around 3355 with RSI around 60 and 50 MA coming up rapidly. This is important because on 1H graph, 50 MA act like S/R level in many cases.
Comment: Huge bullish bar which hit our target. It took 6 days but hey, 20% profit is not bad :)
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