ARKBTC trade ideas
ARKBTC LongI have 2 views, both are long :)
1) Price is testing the resistance, it is not strong enough to push it down side.
2) Can the price break the resistance immediately ? Volume is not supporting. So I expect the price to come down to support before the next take off
or I would wait for the break out of the resistance to buy.
Is ARK future google of Cryptoccurency ?I was searching and checking all the information about this coin.
Technical analysis - there is one very strong support/ressistance which is playing big role on the chart. It is highest high which was created after lunch of the coin on the Bittrex. I marked with circles the places where pair was rejected and eventually breached. It is also Fibonacci level 23.6% and it looks like it stopped value depreciation for time being.
This token to me is something bigger then ethereum on long run. There is ton of information about ark on the web which are casting bright light on the future of this project.
...in my opinion it is very good time to buy.
It is hard to say where the target is but 31k or more is for me quite possible.
If you think I;m wrong or have some valuable information feel free to comment,
ARK / BTC Double Bottom Reversal This is my personal opinion and is not a Financial advise.
Looks like ARK is ready to go up , i been following this crypto for a wile now and i think it's a good point to get in :
Target 1 @ .50000
Target 2 @ .79000
Stop Lose @ .25700
Don't Forget Your Stop Lose, and let me know what you think.
GOOD LUCK
Potential ARK upwards breakoutWe're nearing the tip of the pennant, BBands tightening and both look like they're pointing to a price above the Ichimoku cloud. MACD looks like it's about to make a turn to the upside.
ARKA good spike in volume but not enough to get through resistance levels, false breakout? Usually, false breakouts occur right before the real breakout or reverse entirely.
MACD seems to show that it won't reverse as its turning upwards and RSI bounced from the 50 level. When the RSI passes and bounces over the 50 level it signifies an uptrend could be in the works
If you notice the momentum has been picking up as if the selling has been stopping and more buying has come in. Even though the price kept falling the momentum was steadily picking up and has now passed the midpoint. Great sign of the bears leaving and bulls coming in.
Price action is in a symmetrical triangle. All the signs point to ARK price increasing, just watch for that pop in volume and if it's to the upside it will be a bumpy ride. If it falls major support at 41k Sats. Risk to Reward 3:1
ARK is warming upStoch RSI is topped on most of the timeframes,
Retracement down to 37K Sats would be a good entry
Ark is a 2x by xmas, at leastArk has a well established trend and cyclic price action. Very simple chart, not much explanation needed.
ARK ENTRIES AND TARGETSGOOD TO ENTER BETWEEN 44-46K SATS
TP1 : 51.5K (SELL PARTIALLY AND RE-ENTER AT 48K)
TP2 : 60K
MORE UPDATES LATER, SAFE TRADING.
NOTE : THIS IS NOT AN INVESTMENT ADVICE SO PLEASE DO YOUR OWN RESEARCH BEFORE ENTERING THE MARKETS. AVOID TRADING ALTCOINS WHEN BITCOIN IS BULLISH . TO ENROLL FOR MY SPECIAL TRADING EDUCATIONAL COURSE (INCLUDES PRICE ACTION STRATEGY AND BEST POSSIBLE BUYING AND SELLING TARGETS) OR RECEIVE SIGNALS PERSONALLY, HIT ME UP WITH A DIRECT MESSAGE. THANK YOU!
ARK about to start 3rd wave to 90k SatsThe devs are making great progress on the roadmap. Mobile wallet is 96% complete and will probably release within two weeks.
Volume looks good and is holding relatively well against Bitcoin's volatility. Might need to touch 42k sats before lift off. 5th wave to reach 130k sats in beginning of December.
Double buttomARK perform double buttom, from here we have two targets:
1- 44934
2- 47675
If price fall down next support at 34176
