ARK price at strong liquidity zone, where next ?
Ark is one of the few coins that has shown growth today.
Would we buy it now - no, and here's why:
1. The ARKUSDT price has entered a powerful liquidity zone, where longs were recently taken, with the idea that the pump will continue. And now, there is a good chance that the sales portion will increase in the range of $0.90-1.15.
2. The Double Bottom pattern has almost reached its maximum growth. There's not much left to $1.35.
3. After the pump in the fall of 2023, the price of ARKUSDT corrected by -66%, which may have been the bottom. But as practice shows, after a pump, altos can and do correct by -70-80%.
So, in our opinion, from the current ARK price ratio of a possible +40% increase and a possible -50% drop is not the best.
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Would we buy it now - no, and here's why:
1. The ARKUSDT price has entered a powerful liquidity zone, where longs were recently taken, with the idea that the pump will continue. And now, there is a good chance that the sales portion will increase in the range of $0.90-1.15.
2. The Double Bottom pattern has almost reached its maximum growth. There's not much left to $1.35.
3. After the pump in the fall of 2023, the price of ARKUSDT corrected by -66%, which may have been the bottom. But as practice shows, after a pump, altos can and do correct by -70-80%.
So, in our opinion, from the current ARK price ratio of a possible +40% increase and a possible -50% drop is not the best.
_____________________
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