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Jerome_Aki
Jan 28, 2018 4:10 AM

ARK is arking. At works. Long

Ark / BitcoinBittrex

Description

I HODL )

Trade active

I'm considering a rebuy
Comments
Jippz
Hi Jrcpac

Can you elborate more on this TA? Im hodling too but not to confident in the chart at the moment.
Jerome_Aki
@Jippz,

Actually I was not confident either, so I wanted to share this idea to show how the pattern was following a good path.


I zoomed out in order to get a better overall view & realized it was doing a perfect arc actually.

For the past month & half, what we see is higher lows. The trend is good despite regular pullbacks.
The pattern rebounds each time on the yellow line. It's a support drawing a cup on a large timeframe. It has been tested many times. Looks strong.


My intention was intended for holders. Keep your bags.


Look the 4h chart. If the price can stand above the pink line we should get a support.
Volumes look weak but what is important is OBV. If it stays high while support is confirming, It's another bullish signal.

Then other indicators such as the Kichou line (green) should confirm soon.

It's only my view. I'm open to critisism :)


(4h chart)
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