Bull flag forming on the general uptrend. Entry point after bounce on up trend line (blue) and breakout up from the bull flag. Looking for a strong breakout signal (above average volume, strong RSI) indicating the up trend is resuming.
Everything is on the chart, feel free to ask any questions. For more complete analysis like that, simply follow me, I will post A LOT of analysis so you can make money with me ! :) Thanks for your support!
I am riding out ARK for the rest of the year, as of now, i am trying to accumulate as much as I can. Looking for best possible short to accumulate more with my current profits. I will update the chart first thing in the morning.
could be wrong. but seems to be following a stepping trend.
I am currently going long on ARK. If it decides to break the current support, I will be shorting to buy back at a lower position to accumulate more. Hold if Ark remains on the current trend line. I will update this chart later in the morning.
Copying the previous major growth pattern and applying it to the most recent spike with updated ratios, here's what ARK's future could look like
ARK should bounce back if it's main trend line holds up. Good time to buy
I think we see a falling wedge and one or two small dips before the break-out will appear. All feedback is welcome! :)
I expect $ARK to have another run at ATH soon (if $BTC doesn't do anything silly)
ARK/BTC is showing a clear double top reversal right now. notice the lower volume on the 2nd top. two target prices are labeled in the chart. same thing happened with OmiseGo recently and this is how it played out, though there's no guarantee. fundamentals of this coin are very promising, so it wouldn't be a bad idea to buy at one of these target prices.
$arkusd looks good on all timeframes. DAily has great momo on it. starting to break on 15minute chart. Looks good for daytrade with stops under ema's . I took the ark/btc pair on bittrex
Wait for it to retrace back to the support line. If it continues to break upwards past the current resistance, the resistance will become the new support. Set stop loss at 3% with the possible new support. Stoch RSI: currently overbought in the 30m chart.
Ark price is too optimistic. It's still moving in a bullish channel (higher high, higher low). Time to correct to a lower level.