ARKBTC trade ideas
ARKBTC soon explode !!!
Ark looks very nice
1. There is effort of breakout, on 3h chart candle is close over Fibonnaci and triangel resistance, will see on 4h chart and 1 day chart for confirmation breakout. If there will be confirmation I buy it fast and I will wait for 42000sat-45000sat, there is next fib. resistance.
2. It can be fake breakout and we can wait for another try breakout
3. consolidation in trialgel, and we must wait
ARK V2 Incoming Fundamental AnalysisARK is now falling under my perfect set up scenario guidelines.
1) Has been no recent rapid gain in price from news release.
(Few people who have the coin feel cheated or may want to sell since they bought the high)
Order book reflects this as well. Large % of it is buys with small sell sides.
2) Imminent News. ARK V2 is almost ready for public devnet. (According to ARK's Medium Blog)
3) Small market cap ($346,008,590).
4) Strong project, with great team, community and tech.
Scenarios:
A. Price continues to go up steadily until this event. -> Devnet release -> price goes up to hit the next fib 20% - 25% gains.
Then falls to a higher low while public real net is released. (Real net release will fall under 1 above. Price will spike and dive and ARK will be in accumulation for an extended period of time) Once again it will fall to a higher low.
B. Buy pressure builds up too quickly. Price spike before news, ARK falls into accumulation phase pre-news. News breaks it out of short accumulation phase.
Good setup for Ark- ARK/BTCArk is ready to start a new bull cycle.
EMA 50 is about to cross EMA 200 from the bottom on 4 hour candles which confims bull trend. Ark is also fundamentally a very good coin, so I have my hopes up for it. RSI is looking good.
Better buy in would be around 0.00027, but it is what it is. I think with this buy in the trend is easily confirmed. It bounced twice from 0.00027000 so that is why it looks like a potential bottom and a reversal. EMA's crossing just confirms that belief for me.
Targets:
0.00038000
0.00050000
0.00061000
0.00067000
0.00070000
0.00120000
Remember to allways take profi and that patience is the key.
ARK/BTC, Mooning Soon :) Daily
Price has broken out of bearish channel & tested for support. Higher high and high low pattern formed on daily. Resistance and Support shown w/ red & blue line. If price holds here we have formed our higher low, a break and close above 0.00034125 and we are on track to set a new (HH) on the daily, and activates our trade.
4Hour
Switching over to our pattern timeframe we price has broken out of the bearish parallel channel and has structured into a bullish parallel channel. A close above 0.00034125 on the 4hour should trigger another leg in this bullish channel.
Hourly
Finally looking at our trigger timeframe we see a minor resistance @ 0.00033400 a minor support @ 0.00032500. Early entry w/ a close above 0.00033400, looking at our stochastic RSI indicator we see momentum has shifted towards the upside.
Target 1: 0.00040000
Target 2: 0.00050000
Target 3: 0.00060000
Target 4: 0.00075000
Target 5: 0.00100000
Target 6: HODL
ARK Looks Good on Daily TimeframeARK has been correcting with a nice 5 wave impulse, for quite some time. It has respected the long term uptrend line pretty well. Also, on daily time frame, it has been building a rising triangle and looks like near the end of the correction. I'm still keeping my targets quite low due to btc. SL = 0.00026171, TP1 = 0.00037520, TP2 = 0.000425, TP3 = 0.00056800 (longer term). Please note this is a daily chart and the trade can take longer to develop.
Good luck,
Ark Mid term Kumo BreakoutArk is showing bullish movement breaking out of the kumo on the 4H chart. There is some room to go up on the daily chart as well until it hits resistances on the daily. Keeping a close eye on the RSI and DI for any movement.
Entries Targets & StopLoss are all estimates:
Entry - 33400
First Target - 37000
Second Target - 3900
Stoploss - 30800