You can see that historically ARK trends down against ETH but I can see a clear cyclical pattern within this downtrend. If it plays out, Ark can gain 150% against ETH in the coming weeks.
I'm using custom Arkbtc/ethbtc chart due to lack of ARK/ETH direct pairing.
💎Technical Analysis Summary💎
BINANCE: ARKBTC
-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/BTC
-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/BTC
-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
ARK/BTC
-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
We had a nice pump out of a falling wedge that has been forming for a very long time
Since then price has retraced and may seem like a dump at first, but if you use FIBS and look more
closely we can see that price has retraced to exactly the .618 fibonacci zone (golden zone) and has
already started to hold support here.
If this holds we could easily go higher...
This post mostly focuses on the subwaves of the ABC corrective wave
the 12345 for the A wave is shown
the ABC that makes up the B wave is shown
and the 12345 that makes up the C wave is also shown
let me know if you guys believe that this is correct!
www.cryptoplanet.cash
ARK dropped a lot recently in ETH value.
Looks like we've made a positive RSI divergence on the daily, and this should be a signal for a profitable trade to get in with potential to double ETH holdings targeting around the 0.002500-0.003000 ish level.
This is not financial advice
My opinion only (I could be wrong)
ARK's daily chart is looking very good. It's got a nice rounded bottom on strong support. Bullish divergence can be seen on the MACD and it's approaching the zero-line. The price may bounce between these pink and white trends. However, once it breaks the overhead resistance in white, I think the price could really fly.
Technical analysis:
. Ark/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 26.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a...
Technical analysis:
. Ark/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 26.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a...
Technical analysis:
. Ark/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 26.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a...
Technical analysis:
. Ark/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 25.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a...
Technical analysis:
. Ark/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 25.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a...
Technical analysis:
ARK/ETHEREUM is in a range bound and the beginning of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 58.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.003128 to 0.002725). if so, traders can set orders based on Price Action and...
$ARK is in accumulation zone, it's a good time to get some.
Price shows bullish divergence on daily RSI and MACD.
Buy - green. Sell - red.
It's not a financial advice.
Trade carefully and good luck!
