we are reaching another bottom zone with another coin. Would it break and go even lower? Let me know your thoughts?
If we tip blue line there is a good chance we might see trend reversal.
If we break we will see Ark going lower.
In daily basis it seems that ARK has a big potential reverse head&shoulders pattern,After BTC correction,altparty is nearly begin so most of alts volume are increasing and ARK will launch ''ARK Deployer'' on 28th May,so we have a possible reverse pattern with good news to support that.Get on the train before its too late...
(Turkish view on the graph btw)
$ARK Falling below ATL BTC Support as bitcoin trends above 6k usd... entering in price discovery for a new support...
UCTS Sell signal active since April 3rd (47% down since that candle. Ouch!)
RSI at oversold levels & falling.. MACD not looking good either
ARK has finally found itself testing a major support level at 1,000.
Given the current bullish atmosphere in crypto, we expect ARK to bounce off this level, or at the very least, be a good entry point for when the altmarket finally turns bullish.
The main risk with any altcoin purchase currently is that spikes in Bitcoin may cause selldowns in alts.