Ark is making bold moves to break strong resistance. If prices close above the cloud, I expect RSI to enter the overbought region, and prices to rise in a manner similar to the movement seen a few months ago. I would estimate a price increase of about 150%.
* Please exercise caution when trading. This is not investment advice
Ark just bounced off of the long-established support, indicating a new iteration of the previously established pattern. Expecting huge increases in price in the upcoming months, especially with upcoming announcements of finished features in the team's roadmap
NOTE: This analysis is for my own purposes, and should not be intended as financial advice
Aragon has had a good run recently, but the completion of a butterfly pattern with clear resistance at the top indicates potential retracement to the lower trendline. This would provide a great opportunity to buy and wait for the top resistance to be broken
A breakout to the upside of strong trendlines indicates bullish behavior. I am predicting large price increases in the next few weeks. It seems to be a good time to enter, but exhibit caution, as the trend could always retrace to the previously established resistance.
Amidst evidence of strong bullish trends in Ethereum, some form of retracement is necessary. Converging trendlines over the past couple of hours have indicated that a break upwards could allow for prices to reach targets easily surpassing $500. However, a break downwards could mean retracement to around $430 or lower, which would allow for great opportunities to buy in.
ARK has been testing various trendlines in recent history. Here are a few possible patterns I see in the coming months. There is a possibility for reversal at the previously-established line, but my opinion is that it will break out of the converging lines, and go up to new heights from there. A few features from the dev team are at 98% completion, so the release...
Strong patterns show the Ethereum is due for a breakout very soon.
After BTC and LTC are out of the spotlight, I predict that ETH will become a large center of focus, giving it the momentum it needs to reach new highs before the end of the year.