ARK/BTC PRICE FORECAST | FEBRUARY 16, 2018|Ark is one of the most under rated project to me and I feel it is going to do much better in future when they're fully on track with their project. So far they have fulfilled every single promise as per their roadmap which shows that the team is fully dedicated to their project. Anyway, let's talk about the price analysis of ark vs btc and possible price forecast.
Looking from a daily time frame prospective, Ark is nicely following a range bound movement (as shown in the chart with two yellow lines as resistance and support) and once it has also broken upwards of the channel hitting the high of ~122k satoshis and retraced back almost 55% from the all time high. At present its sitting at a support of the trend line from where it could possible bounce up soon. RSI has also broke ou after hitting triple bottom whereas MACD is also showing a bullish convergence. Here's our trade setup for ARK/BTC :
ENTRY : 44K TO 48K SATOSHIS
STOP LOSS : 38K
TARGETS : 60K, 72K, 83K
DISCLAIMER : THIS IS NOT A FINANCIAL ADVICE BUT THE BEST POSSIBLE PRICE FORECAST ACCORDING TO US. PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ACTIONS.
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ARK
Bullish long term ARKBTC targets ARK had a great break out towards 11 USD / 75.000 sats in the beginning of January 2018 before the big correction. Assuming that the BTC price is somewhat stabilised for the time being I think now is a great time to accumulate more. Having the best looking wallet, POS algorithm and an active dev team indicates fundamental strength of the project (and the token). Looking at the price I have established the entry level and the exit levels. However, ARK has proven to be a risky investment over the time, so set your stop losses.
Please note that I don't have any degree in the financial fields, this chart represents my own research and should not be used as an advice of any sorts; it is just an idea.
ARK/BTC consolidating for its next moveThe daily RSI and Stoch RSI are in symmetrical patterns. This will break one way or the other soon. A whale just bought up a large part of an order book, and the price was sold right back down to where it started. Watch for a break of this triangle. I would only enter a position on volume confirmation.
ARK READY TO POP!!!BUY AROUND $6.30 IF PRICE CLOSES OUTSIDE OF TRENDLINE.
BUY AROUND $5.70 IF PRICE PULLS BACK DOWN.
Possible LONG ARK Position (First Analysis)I'm just getting into crypto technical analysis and decided to publish it to get feedback. If you have any opinions please let me know.
Target 1 = 0.0075
Target 2 = 0.00865
Targets are based on a divergence pattern that looks to be repeating itself.
BINANCE:ARKETH
ARK UPTO 14$ARK HAS BEEN PRETTY WELL DURING THE PAST FEW MONTHS!
ARK HIT MY TARGETS TO THE T.
I EXPECT ARK TO KISS THE FIBONACCI REGION "61.8% " BEFORE MOVING TO ALL TIME HIGHS AGAIN!
I ALSO EXPECT TO SPIKE DOWN AND MEET THE 200 EMA BEFORE REVERSING UPWARDS!
WORST CASE SCENARIO WOULD BE A SPIKE DOWN TO 78% FIB AROUND THE 2.5-3.5$ REGION AND REVERSING TO ALL TIME HIGHS AGAIN
ARK / BTC - Bullish trendHello my friends,
ARK keeps showing bullish trends even during the cryptocurrency bearish trends from last days. Support zone was not broken. This is a 7 to 10 days operation.
Buy- between 0.000470 and 0.000495
Target 1: 0.00051700
Target 2: 0.00054350
Target 3: 0.00057000
Target 4: 0.00059920
Target 5: 0.00062900
Target 6: 0.00066045
Because it is a week hold i will not use a Stop-Loss. Even with BTC dip and altcoins going down, ARK will eventually rise soon or later. If you use Stop-loss, set it to 0.00042300 or 0.0004, since these are the 2 past support zones.
ARK on the way up from ascending triangleARK provides users, developers, and start-ups with innovative blockchain technologies. They aim to create an entire ecosystem of linked chains and a virtual spiderweb of endless use-cases which make ARK highly flexible, adaptable, and scalable. ARK is a secure platform designed for mass adoption and will deliver the services that consumers want and developers need.
I like ARK as a business model and as investment. Price is building up on nice trend line. It bounced over it one time, but failed to progress. Now we are back on trend line which I think acts as a nice support area. Volume is rising nicely, RSI is getting some support and price sits on 100 MA which acts as support. Its forming a ascending triangle pattern, which is among very bullish signs that every trader is looking for. Once we get over resistance on $8.7 we will see ARK tokens progress very fast.
POTENTIAL MOVEMENT OF + 60% FOR THE NEXT WEEK ARK/USDWe are near the support of the uptrend channel where $ARK moves.
- The MACD is in the overselling zone.
- The volume is low, which indicates little interest in the sale during the correction. Now that we see that it increases when testing the red support line, we could consider an entry.
The profit potential is very high in the short term
ARK re-breakout and long run, first target is 11.5, then 12, 18Extremely undervalued at the moment and based on the Korea FUD, the price has been suppresed, primed for a break out. Previous breakout was broken by the overall downswing in the market but now we are moving back up.