BINANCE:ARKBTC seems to be regaining the momentum it had previously lost after all this time, perfect bounce from support into a MA200 retake, looking for continuation.
Target 1: 0.00003108
Target 2: 0.00003342
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Ark (ARKBTC) has been quiet since its April peak.
The trading volume is really low, confirming a consolidation period.
Prices are slowly creeping above resistance after a higher low.
EMA100 has been rejecting ARKBTC (red), as soon as this level is conquered, we can expect a price jump.
Additional information can be found in the chart above.
ARK/BTC Has seen multiple crazy pumps in the recent history, and it never ended well. The price just came completely down again after reaching the top directly after a massive pump. I don't see any reason why this time it will be any different.
This is more a warning than anything else, don't FOMO buy into these assets after you missed out on the pump.
Good Wednesday my fellow cryptocurrency trader, we reached the middle of the week so we can expect the altcoins to start moving strong, let's start with Ark.
I saw this pair growing earlier and its bullish potential became pretty clear as soon as I opened the chart. If you take a closer look, notice that ARKBTC is trading above all basic EMAs and also conquered...
Reclaimed and flipped into support 2k sats level..
Volume slowly increasing as it tests descending trendline/EMA50-200 on the 12H..
Aiming for an entry as close as possible to support level w/ target at ~2500 sats..
Hello traders, we have detected a potential bullish continuation forming on ark/BTC over the last few days after breaking out of the falling wedge earlier this week, where we indicated our premium members to take a position; as of now, over +7% in profit. Technicals are suggesting that a bullish continuation is likely as we are now sitting above most key moving...
The price is moving inside the channel ( uptrend channel on the 4h time-frame chart).
As you can see, the price was rejected from the support line and has pushed the price higher several times already. In any case, you should use a small stop loss below support!
If you have any questions leave a comment below.
ARK / BTC
The main trend is a downtrend. Having formed a downward channel.
Local trend forming an expanding triangle.
1) Login now when there is confirmation of the support of the triangle.
2) Entrance on a breakthrough or pullback after a breakthrough of the resistance line of the main trend (red line of resistance of the downward channel).