Consolidation inside of a pennant pattern showing break out with a continuation of the previous bullish trend from before consolidation. Bullish RSI divergence, as well as a bullish MACD divergence on 3h/4h candles. Please note the text boxes - the wave 4-5 target are only if the wave 3 stops at 1:1 Fibonacci extension (which I marked as the sell zone for wave 3).
ARK/USD is being heavily accumulated during the flag part of this bull flag. additionally, it has incredible fundamentals (DYOR).
target level is labeled on the chart. note that this is the minimum target; FOMO tends to be strong during these kinds of movements.
Down Trend in Ark.
Descending Support Lines
Pink Trend Line is forming a possible triangle for a breakout.
RSI and MACD closing on the bottom.
First Support Line: 0.00036925 - Black Line ( If it continues on downward trend, we can find support here.)
Sell Points : 0.00046125
0.00042150 - Green Line / Resistance Line ( Previous Support Line)
0.00048875 Green Line...
With Bitcoin making all time highs recently, a lot of the altcoins have been taking a hit. On the daily chart, Ark has bounced from the 200 EMA, and that was the event which formed our point BC. Overall for Ark the future is bright, but once our targets get hit, i'm expecting a short opportunity, unfortunately there are not many exchanges that support margin...
mobile wallets and business entity at 98% will release any minute now. December should be ark core 2.0 which will allow the completion of arkVM and push button blockchains
I have 2 views, both are long :)
1) Price is testing the resistance, it is not strong enough to push it down side.
2) Can the price break the resistance immediately ? Volume is not supporting. So I expect the price to come down to support before the next take off
or I would wait for the break out of the resistance to buy.
I was searching and checking all the information about this coin.
Technical analysis - there is one very strong support/ressistance which is playing big role on the chart. It is highest high which was created after lunch of the coin on the Bittrex. I marked with circles the places where pair was rejected and eventually breached. It is also Fibonacci level 23.6%...
A good spike in volume but not enough to get through resistance levels, false breakout? Usually, false breakouts occur right before the real breakout or reverse entirely.
MACD seems to show that it won't reverse as its turning upwards and RSI bounced from the 50 level. When the RSI passes and bounces over the 50 level it signifies an uptrend could be in the works...
Price action broke down both the Fib support level and the main uptrend line, and since Bitcoin's price developed a strong increase in the past days this pair was going to dump as we knew the negative correlation between both. However, since November 2nd, price bounced off the last peak during July, before August's huge price increase (notice the black support...
Ark is looking good it's close to a very old fib support level, daily chart is oversold, things are looking good, wait for the cloud crossing(complete close above and staying there) it means we are in a longer up trend
We can clearly see that after every bounce from the support line ARK has formed a new bullish cycle and new ATH. Now we are once again going downwards to the support line while moving in falling wedge. Keep your eye on these bounces inside the wedge trend lines. Targetting new ATH after we confirm bullish cycle. My guess is that ARK will reach 0.00360 this...
Currently ARK is dipping through the trendline that it has established over the past 7 months. Much like in the previous two legs, it's retraced down to the .786 Fibonacci line around the same time that it's touching this trendline. In the past, from the lowest point before the beginning of a new leg, it has taken between 1 to 3 weeks to establish a new ATH....
![ARKBTC: [BUY SIGNAL] ARKBTC](https://s3.tradingview.com/p/pVRGPSpT_mid.png "[BUY SIGNAL] ARKBTC")
