When the price is moving sideways very well while bouncing off of fib retracements, that's usually a good since. We already have enough support for the price to hold but yet not enough for the price to move upward.
We did see some rejections after the previous run up. Then the price slowly leveled off. We can expect a breakout once it hits the top green...
A little quick TA on ARK.
Buy zones: between 0.00052781 - 0.00050262
I am hoping for a breakout in 1 day for a possible 22% gain.
Overall sentiments: Bullish.
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arkbtc daily... could see a push to 80k sats, especially if btc continues correcting.
For it to happen ARK must breach the big blue triangle, then will be met with resistance at the 162% fib retracement and the upper black channel trendline.
Watch rsi and lagging span closely for this uptrend to reverse.
The 262% (fib with background) and 23% fib2 (no...
ARKBTC divergence could lead to Range or Downtrend.
Short level shown in graph if downtrend confirmed, with support zones for further entry in blue.
This is a 2.69 R/R Exit
WNZ
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ARK under bought right now (RSI), should go back into its support channel and bust through the retrace of the recent fib and onto the directional and gann fan pattern to the psychological .0005 barrier. A MACD flip in the next couple of hours will send it higher.
Coin has been on an upward trend with a relatively small market cap.
Strong support is shown by the upward trend line.
On 2 hour charts,an ascending triangle pattern is formed, signalling a buy as this may breakout soon.
1 - 4 hour charts all show similar pattern.
As there is a small market cap, the rally may be strong and give a great gains .
Ark has retraced nicely back to the 0.618 Fib level, and looks like it has bounce off the support line nicely. If it does bounce from here we can use the longer green line as a base of ascending support. Current support line has been tested twice in the last day or two so if it can pass the blue line (entry point) then it looks a good buy. This will also confirm...
ARK will correct back down to its strong support line and then rebound from there. It will then look to surpass its line of support which will be a key area to see if it corrects again or not.
