ARK is nearing natural support at 57000. Expect prices to bounce towards the top of the trend line now and then push back down before the support line provides stability.
Looks like we are on abc correction phase might be taking a dip for a new downtrend? What you guys think??
I think we see a clear falling wedge when looking at the 4 hrs RSI on Ark. I used the moving average for 21 days (dark green line) and 50 days (red thick line) to see that the moving average of the last 50 days is still to high when you compare this with the moving average of the last 21 days. Ark needs to break out soon, but only when the moving average of the...
ARK can be bought against BTC at current levels with stoploss and target mentioned on the chart. Strong horizontal support at current level along with attractive RSI levels can lead upto 0.0007650 levels.
ARK has seen a decrease in more than 60% from its last two rallies, and we're not quite there yet with this third one. Still some tim to get to approx. 50k satoshis, which I consider a buy zone for the next high which I am very confident will happen.
Stoch RSI, dramatically Oversold, MACD will cross, maybe give it a few more days, also near to the under BB. 0,5 Fib Lvl givs strong support. Next Level will be 0.00087275 hopefully in the next few days to one week!
$ARK is a machine. It just bounced off of some support, but could fall still further before rebounding again in keeping with its previous pattern. Either way the trend is onward and upward.
Next month is a important month for ARK. If bear runs out of steam and doesn't break the support line ARK will go to the moon. KEEP AN EYE ON IT
Looks like ark is resuming uptrend from correction. Support level & OrderBlock clear. still expecting a small pullback for confirmation, early entry atm.
ARK has hit some major support around 72k sat. The ARK price has bounced off of .786 fib multiple times as shown on the chart which indicates a strong support. Bittrex order book is slowly building up and the RSI is showing oversold. You can also see that the waves for the RSI are getting lower and smaller at the same time. What to look for: - All thick red...
Ark has seen a nice upward run. As often the acceleration of the upmove (taken Ark out of the upward channel on the upside) also signaled the temporary end of it. Ark fell back in to the channel, all the way to the bottem of it, where yesterday it found support (green oval). The RSI-indicator never came close to oversold condition (not even on the 1 hour...
The price is on trendline, a decent bounce would help to break the down trendline. One can buy now on trendline support with tight sl or wait till the price breaks the trendline. Please play with the SL always.