Ark seems to follow downward trend, waiting to pick up some around the 0.4 level.
Chart updated after the correction of tuesday 28th.
Target ~ 0.00074255 1gwmg92knzm144jnudkuixvv-wpengine.netdna-ssl.com
The daily RSI and Stoch RSI are in symmetrical patterns. This will break one way or the other soon. A whale just bought up a large part of an order book, and the price was sold right back down to where it started. Watch for a break of this triangle. I would only enter a position on volume confirmation.
ARK is on a 4 hour TTM squeeze watch, and we're approaching the apex of the symmetrical triangle; this is a continuation break pattern, so we should continue the upward trend.
Based on the Short position of BTC (see my previous idea published about BTC short position), ARK BTC might hit new support levels.
According to the analysis, ARK should touch the resistance zone (65k sat) to 05.02. The forecast will be correct, if serious news about ARK or BTC does not follow.
Technical Analysis: It follows an Elliott Waves on the consolidation down trend. We clearly reached the bottom at (C). Possible buy range or 0.00042. sell at 0.00083 first level Fibonacci 61.8%
Let's see, I've never done breakouts before.
ARKBTC handled the recent crash extremely well and landed on the lower trendline of this channel. Should see 1.618 extension of the dip as shown in the chart. Long and Strong. 2018 is the year of the cross chain coins
I'm just getting into crypto technical analysis and decided to publish it to get feedback. If you have any opinions please let me know. Target 1 = 0.0075 Target 2 = 0.00865 Targets are based on a divergence pattern that looks to be repeating itself. BINANCE:ARKETH
With $ARKBTC we see huge profits being made and taken each time it breaks out. 4x , 2.5x and 6x profits are huge. After every profit being taken,a correction is required for higher highs. Buy ladder,again,is a must.