Adam & Eve, undervalued price, MACD crossing and start positive.
Volumes are not convincing to take bounce at the support. Slowly price would move to 0.0002900 and it may try to reverse from that level.
Noah knows best. With BTC pulling back from all time highs, expect a flood of money to enter the crypto space through ETH. ARK has consolidated nicely off all time highs and is set up to replicate a 6 month cycle - and the time to buy may be now.
Current thoughts on the ARK purchase I just made. Credit to scooty94's idea for some input.
It seems that ARK doesn't want to go down anymore. First reversal signs are clear: downtrend got broken both in the price and the momentum, SAR is going to turn around and the price bounced over a strong support. I'm definitely putting a buy order somewhere around here. I'm splitting 50% now and 50% later, though, as it may go down some more given the insanity...
ARKBTC correction on uptrend line and pullback possible.
ARK/BTC is showing a clear head & shoulders top reversal. expected target prices are labeled on the chart. first target is a probable support level, second target is based on pattern projection. fundamentally this is an excellent coin (decentralized exchange), it just became a victim of hype and needs to cool off for a bit before it can make new highs. trade at...
Seeing further downside in Ark against BTC. Historical support has been roughly 65% down from the most recent ATH. Expecting to see support around 0.000420.
Possible Long position on ARK entry at 0.00073K target 0.00122 time frame: 1 to 3 months
High volume on the sharp increase of price indicates that we're currently looking at further upward movements after some consolidation. Expect a few more hours of this behavior before the price attempts to break the resistance again.
This is a super speculative forecast, I'm interested to hear the communities thoughts. ARK has been on a tear the last month or so, and the RSI on the daily shows it. The RSI on the daily has only reached the level recently attained two other times in the record. Each time, a long drawn out corrective wave follows. If correct, ARK will enter an accumulation...
Oh Arky Arky Arky.... What a horrible downtrend. Honestly, one of the most manipulated coins, next to OKCash. This coin can absolutely crush your nerves, and put you in loss after loss if you are not careful. Fortunately, I've developed a pretty sound method for making money off this dirty little ****. The trick I found is to draw a support line that is a bit...
It seems that some of the biggest altcoins (see NEO, OMG and ARK) are correcting quite strongly. To me, those are all awesome buying opportunity, and these are the moments when I wish I had more money to invest. ARK went on a crazy rally from mid aug to mid september, and we all know that the steeper the rise, the harder the fall. That's the reason why correction...
Entry 58000. Quick targets are 63000 and 66000 sats. If failed, see support/stop-loss zone on chart.