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ARK

ARK - A Possible Reversal?Price action broke down both the Fib support level and the main uptrend line, and since Bitcoin's price developed a strong increase in the past days this pair was going to dump as we knew the negative correlation between both. However, since November 2nd, price bounced off the last peak during July, before August's huge price increase (notice the black support line). However, at a closer look, we can see after the bounce, a double bottom sort-of pattern formed for a reversal, and price action is currently making a rather steep ascending triangle (flat top) that are normally a reversal from bearishly-oriented markets, which this has been for almost 2 months since its peak during September. Currently testing the upper limit of the triangle, but will likely correct again towards the lower limit uptrend line and then develop upward movement from that point. If the lower limit line of the triangle is compromised, we must be careful as the possibility of it descending towards lower levels is higher than the possibility of it ascending again to the resistance line. From an indicators perspective, these need to decrease price as to reset them in order to imply upward movement, hence the approach to expect decrease to the lower limit in the near future. If there is a proper penetration of the triangle resistance, and the 50% Fib retracement level in the lower time frame, we should expect a bullish run towards 45000s and 50000s targets in the weeks to come. Good luck!
Long
by CoinMajesty
7
Ark, 2 ways to go, and looks like Stratis in the spring.This time, great moment to go up or down. Personally, I bet up 70% in my viewpoint. And at the 30% of possibility, it would go down. When seeing market capita, It seems to be top. But many coins are locked, so regarding supply and demend theory, we should not our own psychological top area. Hence, in the daily view, it would be great not to close trade until it brakes trendline. ***news : Smartbridge, ACES (that could be linked to another coins, which are associated with atomic swap, lightening network and DEX.)
Long
by KLYP_Investment
ARK BTC T-1 READY FOR LIFTOFFARK BTC IS GETTING READY FOR LIFTOFF. Los Angeles 4:08 PM. ARK is set up for a nice run up to the Target Positions. Pick your targets carefully. Just because I lay it all out for you doesn't mean its going to hit all four targets. Macd on the 1 Day chart is about to cross over the signal line with lots of room for growth to the upside. RSI needs to break 50 to start the run, and remain above 60+ to break resistances and hit targets. I wouldn't wait until the price action reaches to the Target level 4 either. I would exit with profit as soon as I see signs of weakness. Good luck on your flight~ Don't fall off the rocket ship.
Long
by WiThConFi
ARK Manipulation Exploration - Sell Wall 10/18/2017Last night as ARK began to recover a Sell Wall was placed to force the price back down, as has been done numerous times over the past few weeks. I've captured one section of the Sell Wall in the Bittrex Order Book and have highlighted where in chart the sell wall occurred so that others can see the effects of this manipulation. I've also highlighted a previous Sell Wall reaction, though I did not capture that sell wall in the Order Book at the time. Photo of Sell Wall on Bittrex: i.imgur.com Once the climb began, a "whale" put down 26k ARK up for sale in the form of a Sell Wall, effectively staunching growth. The price of continued growth would be, in this Sell Wall's case, 14 BTC, or ~75,000 USD. As of now, the 24 hour volume on Bittrex is at 302 BTC, meaning this sell wall being taken down would have been attributed to nearly 5% (~4.7%) of the daily volume. Thus, a large investor is seen to be holding the price down, presumably to accumulate more themselves before they allow a "moon mission", as is typically the case with ARK, historically. One last note: this sell wall is small, I have seen two whales come together on Bittrex and force a 100+ BTC wall when we were nearer to 60k Satoshis.
by jmga
13