LudwigStirner

ARK Still Neutral in Short Term

BITTREX:ARKBTC   Ark / Bitcoin
I think, ARK will remain neutral and consolidate around 45k Sats in the short term. The market needs to make a sustained move above today’s high and above the 50-Day EMA in order to confirm whether the recent rebound off 45k is not just a corrective move of the downtrend from the January 25 high but rather the start of a bullish phase. The RSI is still in bearish territory below 50 and the coin is capped by the 100-Day EMA at 48k Sats.
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