ARK/ETH looking goodYou can see that historically ARK trends down against ETH but I can see a clear cyclical pattern within this downtrend. If it plays out, Ark can gain 150% against ETH in the coming weeks.
I'm using custom Arkbtc/ethbtc chart due to lack of ARK/ETH direct pairing.
ARKETH
ARK/BTC (Testing Key Support Area)💎Technical Analysis Summary💎
BINANCE: ARKBTC
-ARK is now testing key support area around 2600-2400 sat
-This region is a confluence of previous resistance and support
-What ARK needs to do and try to form a base of support
-Wait for any reversal patterns like Double Bottom
-RSI divergence can give an early signal of weakening selling pressure
-This is the 1st test, so we need to wait for further developments
-Please do not rush into trade, perfect trading opportunity will always come
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ARK/BTC (Back at Key support)ARK/BTC
-This coin has dropped almost -40% from the high at 5449 sat
-The price has retraced from previous resistance zone
-This area is confluence of the last Fib support which is .786
-if current price market will hold for the next 2-3 days
-There is a chance a temporary bottom will be set around this area
-A rebound back to the 4000 sat is also possible
-Please observe the market carefully as the BTC volatility is back
ARK/BTC (Hits Weekly Resistance)ARK/BTC
-the price reached the weekly resistance area
-and currently facing a profit-taking action
-cross ultimate indicator signal Buy priority last May 22nd
-I do not recommend to buy at this stage
-wait for the price to consolidate
-look for reversal sign that the trend will continue up
-good levels to watch is between 3500s-3200s
ARK/BTC (Bullish Weekly Pattern?)ARK/BTC
-it is quite looking bullish weekly candle
-the price is had cross above the neckline resistance
-including the weekly 50ma
-this is a good sign of trend change
-if the candle closes green
-it will signal a confirmation breakout
-the upside target is up to 4100s or higher
-stoploss is placed under 50 week MA
ARK/USD- Price in the .618 golden zoneWe had a nice pump out of a falling wedge that has been forming for a very long time
Since then price has retraced and may seem like a dump at first, but if you use FIBS and look more
closely we can see that price has retraced to exactly the .618 fibonacci zone (golden zone) and has
already started to hold support here.
If this holds we could easily go higher then where this previous pump has peaked.
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$ARK Elliot Wave AnalysisThis post mostly focuses on the subwaves of the ABC corrective wave
the 12345 for the A wave is shown
the ABC that makes up the B wave is shown
and the 12345 that makes up the C wave is also shown
let me know if you guys believe that this is correct!
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ARK ETH Positive RSI Divergence, 100-200% gain potentialPositive RSI divergence on ARK/ETH, look what happened the past two times.
Potential for 100-200% gains.
Not financial advice.
Positive RSI divergence ARK ETHARK dropped a lot recently in ETH value.
Looks like we've made a positive RSI divergence on the daily, and this should be a signal for a profitable trade to get in with potential to double ETH holdings targeting around the 0.002500-0.003000 ish level.
This is not financial advice
My opinion only (I could be wrong)
ARK - Looking like a big buyARK's daily chart is looking very good. It's got a nice rounded bottom on strong support. Bullish divergence can be seen on the MACD and it's approaching the zero-line. The price may bounce between these pink and white trends. However, once it breaks the overhead resistance in white, I think the price could really fly.
There is a trading opportunity to buy in ARKETHTechnical analysis:
. Ark/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 26.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.002820 to 0.002430). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.002820)
Ending of entry zone (0.002430)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.003340
TP2= @ 0.003770
TP3= @ 0.004209
TP4= @ 0.004965
TP5= @ 0.005706
TP6= @ 0.006905
TP7= @ 0.008110
TP8= Free
There is a trading opportunity to buy in ARKETHTechnical analysis:
. Ark/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 26.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.002820 to 0.002430). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.002820)
Ending of entry zone (0.002430)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.003340
TP2= @ 0.003770
TP3= @ 0.004209
TP4= @ 0.004965
TP5= @ 0.005706
TP6= @ 0.006905
TP7= @ 0.008110
TP8= Free
There is a trading opportunity to buy in ARKETHTechnical analysis:
. Ark/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 26.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.002820 to 0.002430). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.002820)
Ending of entry zone (0.002430)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.003340
TP2= @ 0.003770
TP3= @ 0.004209
TP4= @ 0.004965
TP5= @ 0.005706
TP6= @ 0.006905
TP7= @ 0.008110
TP8= Free
There is a trading opportunity to buy in ARKETHTechnical analysis:
. Ark/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 25.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.002820 to 0.002430). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.002820)
Ending of entry zone (0.002430)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.003340
TP2= @ 0.003770
TP3= @ 0.004209
TP4= @ 0.004965
TP5= @ 0.005706
TP6= @ 0.006905
TP7= @ 0.008110
TP8= Free
There is a trading opportunity to buy in ARKETHTechnical analysis:
. Ark/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 25.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.002820 to 0.002430). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.002820)
Ending of entry zone (0.002430)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.003340
TP2= @ 0.003770
TP3= @ 0.004209
TP4= @ 0.004965
TP5= @ 0.005706
TP6= @ 0.006905
TP7= @ 0.008110
TP8= Free
There is a possibility for the beginning of an uptrend in ARKETHTechnical analysis:
ARK/ETHEREUM is in a range bound and the beginning of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 58.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.003128 to 0.002725). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.003128)
Ending of entry zone (0.002725)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.003664
TP2= @ 0.004209
TP3= @ 0.004965
TP4= @ 0.005706
TP5= @ 0.006905
TP6= @ 0.008110
TP7= @ 0.009816
TP8= @ 0.011988
TP9= Free