ARK 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.
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.