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.
The 3 day, one of my favorite timeframes, show a perfect reentry on ARKBTC pair.
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💎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...
ARKBTC is now coming out strong of a falling wedge, this pattern is now present in many altcoins pairs.
Prices found support just above the 0.786 fib. retracement level for the full bullish wave that started in January 2020...
We have higher highs and higher lows.
It's been 9 months since this uptrend hit its lowest point.
ARKBTC can easily...
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...
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.
BTC pumping has been beating ARK's price but if we look at bigger picture we are still in an uptrend and bounced every time we touched the support. Short term target still 6500 and 10000 mid-long term.