BITTREX:ARKUSD   Ark / US Dollar (calculated by TradingView)
Following the previous idea on Ark, it has reached the upside target at $6 and continued to move higher. Throughout a consolidation that has lasted from 20th December up until yesterday, the price has been ranging between $9.5 and $6.

What is interesting is that previous upside target clearly has been acting as a strong support where price bounced off at least 3 times. And finally yesterday ARK/USD broke the previous all-time high. This could indicate the Ark is ready to go higher with a boosted momentum. The strong resistance and the upside target is seen at $25. This is where two Fibonacci retracement levels are inline. Only a break and close below the uptrend trendline could invalidate bullish outlook.
Comment: I'd expect a rally in the coming days, stay tuned for updates
Comment: Ark is back at the triangle trendline, could start rising from there
Comment: still at the uptrend trendline, rejecting it
UPDATE please?
what exchange do you use to place trades?
+1 Reply
HiTech Ryan69
@Ryan69, bittrex
Ryan69 HiTech
@HiTech, i cant find ARKUSD on the exchange (im also using bittrex)
@Ryan69, Only ARKBTC
Hello, what tool are you using with which settings to get your lines?
HiTech drenea
@drenea, fibs
HiTech drenea
@drenea, basically its a simple Fibonacci retracement levels, you can choose what levels to use in your fibs settings
I'm confused by this triangle. Shouldn't the trend & counter-trend line plots only the price action?
@xzod, everyone analyses differently, there is no right or wrong as long as it works for you
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