Tilen_tradershub
Long

ARK on the way up from ascending triangle

BITTREX:ARKUSD   Ark / Dollar (calculated by TradingView)
ARK provides users, developers, and start-ups with innovative blockchain technologies. They aim to create an entire ecosystem of linked chains and a virtual spiderweb of endless use-cases which make ARK highly flexible, adaptable, and scalable. ARK is a secure platform designed for mass adoption and will deliver the services that consumers want and developers need.

I like ARK as a business model and as investment. Price is building up on nice trend line . It bounced over it one time, but failed to progress. Now we are back on trend line which I think acts as a nice support area . Volume is rising nicely, RSI is getting some support and price sits on 100 MA which acts as support. Its forming a ascending triangle pattern, which is among very bullish signs that every trader is looking for. Once we get over resistance on $8.7 we will see ARK tokens progress very fast.
Comment: Whole cryotocurrency market is in correction, ARK failed to move up from ascending triangle. New support is now forming on $6.5 - $6.7 level. We could see some more downside movement before we get back to bullish mode. I still think ARK is a great project, and corrections are sometimes good for new buys.
Extremly bullish here: 20$ soon
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Tnx bro. Could you share also TPs and S/L?
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@drcyber, SL 7.38; 1# TP 12, 2# 15. I'm bullish on ARK and will hold it longer.
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CryptoRon Tilen_tradershub
@Tilen_tradershub, Very bullish on ARK
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