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ARK

Ark: Breakout Ends CorrectionPrice broke above the corrective structure it was moving into and is now pulling back most likely to test the broken downtrend. Having measured the impulse which broke above the downtrend, using fibonacci we may see that the 0.786 fib retracement stands at a level where price may test the broken level, adding great confluence. A bullish divergence adds also to our bullish context, indicating the end of the downtrend. Sl and tp as shown in the chart. In case price reaches the first tp we better move sl at breakeven at second position. All the best, John
Long
by Fxprotrader
1
Ark showing a solid upward channel to new uptrend.Ark has an amazing upward channel in the 4h hour chart allowing for a great ride up to the 50% fib line. Now would be a great buy in or for Ark to test the 38.62 fib. It's had a fairly large correction of nearly 80% from it's high to low. Previously Ark's first big uptrend lasted 46 days, if this upward momentum can continue I would look to hold Ark over the next month as there is some serious buyers confirmation apparent. Signs of upward moment and price strength confirmation include: Holding strong above the 50, 100, and 200 daily SMA. Positive cross on the daily MACD. RSI above the 50 line (could see a slight price drop in the next few hours as it is nearing the top line) Each bottom before an uptrend is getting higher than the next. Meaning higher lows and higher highs. Let me know what you all think of this TA of ARK! :) -CJW
by ColtenjWeaver
2
ARK BTC Ascending Triangle, Hidden Bullish DivergenceI'm seeing a similar pattern on a lot of my favorite alts. Hidden bullish divergence (RSI lower lows, price action higher highs), Ichimoku cloud flip, and with ARK in particular we may see an end-to-end cloud break on the daily time frame. Ark is in a clearly defined ascending triangle. I don't think this is bearish enough to be a triple top; the bulls are likely testing the resistance to break upward. The upper limit of the Ichimoku cloud fits perfectly onto the 50% retracement zone of a Fibonacci from the All-time high back in September. 1st target: 0.00070995 www.babypips.com
Long
by RotiWokeman
ARK/BTC - Ascending triangleARK/BTC is looking rather interesting in the 4h chart. Price has been building up an ascending triangle pattern since the first days of December. Ascending triangle are notoriously bullish continuation patterns, and ARK price has bottomed at around 18400 satoshi on Dec. 7, where it has bounced back, exceeding the high on June 7. Although I am sure that ARK might as well revisit the previus all time high and exceed it, I am more interested right now in a short term, safer trade. The MACD is looking like it is turning bullish again, but the Stochastic RSI looks like it will go down, suggesting that ARK price will touch the lower side of the triangle again before breaking the upper side of the triangle. There are 2 ways to enter this trade: 1) Wait for a pullback at the 78.6% Fib. retracement (around 48000 satoshi), where both the 50-periods SMA and the lower side of the triangle should act as support and propel ARK upwards. 2) Set a stop-order above the 57000 satoshi level, which will confirm the bullish continuation pattern. Which one of these you choose is depending on your trading style (do you like to buy dips or breakouts?). The 1st choice is riskier but yields the greatest profits, while the 2nd is definitely safer. My target is just a little below the 1.618% Fib. extension at 80000 satoshi. This is because this is a round number and therefore it will surely have a sell wall in order book, so it will likely be hard to cross and have strong resistance. This is not financial advice, this is just my opinion. Any comment is appreciated.
Long
by Andratos95
2
ARKBTC 30 December 2017$ARK Small breakouts, RSI still positive, MACD as well and on the 1H about to cross, which indicates good things. Also, the ascending triangle is still in play. A few scenario's: Scenario 1: We'll test the resistance around leg D and will fall back to leg E. In that case we'll wait until the first days of January to move out. Scenario 2: We're already done with Leg D and are now in Leg E. For that we'll break out and will go to the next target, which is between 65-69K Sats. Scenario 3: Can't hold Support line, in that case we'll fall back to the first fibonacci level and we'll go sideways. Fib level is 48K sats in that case. The blue box = stop/loss zone. Green Box for support we've moved up. First target: 55K Second target: 65K-69K
by CryptoMichNL