I enter at 53k and set my sell point at 57k For more uptodate signals: twitter.com
ARKBTC divergence could lead to Range or Downtrend. Short level shown in graph if downtrend confirmed, with support zones for further entry in blue. This is a 2.69 R/R Exit WNZ Get live updates and analysis of the cryptocurrency market: t.me
I forgot to publish this chart, but I ended up putting my thoughts there. If it does break out its gonna break out, its gonna break out.
Price has crossed above 50 & 200 ema + the fib level. 50 ema yet to cross 200 but this is likely to happen in 24h.
Coin has been on an upward trend with a relatively small market cap. Strong support is shown by the upward trend line. On 2 hour charts,an ascending triangle pattern is formed, signalling a buy as this may breakout soon. 1 - 4 hour charts all show similar pattern. As there is a small market cap, the rally may be strong and give a great gains .
Ark has retraced nicely back to the 0.618 Fib level, and looks like it has bounce off the support line nicely. If it does bounce from here we can use the longer green line as a base of ascending support. Current support line has been tested twice in the last day or two so if it can pass the blue line (entry point) then it looks a good buy. This will also confirm...
Just my thoughts on a possible outcome the next few days. Enjoy
ARK will correct back down to its strong support line and then rebound from there. It will then look to surpass its line of support which will be a key area to see if it corrects again or not.
Hit the last target in one single day. The previous pumps of similar depth lasted weeks. Here is an optimistic yet easily imaginable scenario for the next major move upwards.
I'd say this chart speaks for itself. This coin popped up on Bittrex in the halcyon days of March 2017, back when $ETH was still under $50. It pumped, but like $CRW, didn't go crazy moon-time like $STRAT or $PIVX did. Instead it established the beautiful fractal pattern you see here. The longer they accumulate, the harder they... distribute? is that how it goes?...
This is my first chart so if you have any tips feel free to pass them on. I'm using the Elliot Wave Theory alongside Fibbonaci Retracements to show the Wave 5 upward trend of Ark currently. Let me know your thoughts.