Here we have the weekly chart for Akr (ARKBTC), notice we have a clear ascending channel.
We are seeing a strong bounce now after a higher low... Looking at how the altcoins are doing, we can expect ARKBTC to resume its bullish growth.
The next target is mapped at 175% from the current price.
💎Technical Analysis Summary💎
-ARK is now testing key support area around 2600-2400 sat
-This region is a confluence of previous resistance and support
-What ARK needs to do and try to form a base of support
-Wait for any reversal patterns like Double Bottom
-RSI divergence can give an early signal of weakening selling pressure
-This is the 1st...
Ark (ARKBTC) went down to test MA200 as support after a strong period of growth.
After this test of MA200 we are seeing multiple bullish signals as follows:
BULL/GREEN Volume breakout.
Strong MACD bullish cross.
RSI moving above 50.
Prices taking out EMA200, EMA100, EMA300, and EMA50 one next to the other.
Strong bullish action taking place.
The 3 day, one of my favorite timeframes, show a perfect reentry on ARKBTC pair.
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
ARK / BTC Local work. Excessive volatility due to low liquidity and ease of price management. Since the publication of the trading idea for this coin, the profit has been: + 140%, + 140% + 125% + 100% + 80% (the real profit from these movements, taking into account weak liquidity and problems with buying / selling in one price zone 40-60 %, an exception if you...
ARK is currently in an interest phase.
Succesfully tested MA100 and MA200
Failed to break the Ichimoku cloud.
MACD Crossover indicating a bullish signal
I believe it is likely that ARK will soon try to break out of the cloud again. It will thereafter most likely test the top of the cloud as potential new support before moving up...
The chart for ARKBTC continues to be solid/strong.
Last week, when a Doji was printed, we saw a test of EMA50.
This week, prices tested EMA10 but quickly moved back up.
Now we have ARKBTC trading above EMA10 and EMA50 on the weekly timeframe which we call solid and strong.
The MACD stays above zero and the signal line; bullish.
The RSI is really...
-This coin has dropped almost -40% from the high at 5449 sat
-The price has retraced from previous resistance zone
-This area is confluence of the last Fib support which is .786
-if current price market will hold for the next 2-3 days
-There is a chance a temporary bottom will be set around this area
-A rebound back to the 4000 sat is also...
Ark (ARKBTC) is at its highest since July 2019... This is a very strong development and confirms the change of trend that recently took place.
We had a multiple years-long bear market and then a very long consolidation phase...
We are now in a newly formed uptrend, which will generate long-term growth in the years ahead.
The July 2019 peak price has been...
TECHNICAL AND FUNDAMENTALS ANALYSYS
• MAINNET LAUNCH IN END OF AUGUST 2020 (source: blog.ark.io)
• MACD BULLISH CROSSOVER
• HEAVY ACCUMULATION ZONE FOR ALMOST 1 YEAR READY TO BREAK OUT
• BULLISH DIVERGENCE
• SIMILAR CHART TO ALTS THAT ARE BREAKING OUT NOW
• VERY ACTIVE DEVELOPERS ACTIVITY...
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
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration...
ARK's price action this past week against BTC has been very bullish. Since breaking above the daily MA200 in May, the price hasn't looked back. It also broke above two key trends in green and blue which have kept the price at bay for a year now. If the price can manage to stay above support, ARK may be poised for some very big gains.
-the price reached the weekly resistance area
-and currently facing a profit-taking action
-cross ultimate indicator signal Buy priority last May 22nd
-I do not recommend to buy at this stage
-wait for the price to consolidate
-look for reversal sign that the trend will continue up
-good levels to watch is between 3500s-3200s
-it is quite looking bullish weekly candle
-the price is had cross above the neckline resistance
-including the weekly 50ma
-this is a good sign of trend change
-if the candle closes green
-it will signal a confirmation breakout
-the upside target is up to 4100s or higher
-stoploss is placed under 50 week MA