You can see that historically ARK trends down against ETH but I can see a clear cyclical pattern within this downtrend. If it plays out, Ark can gain 150% against ETH in the coming weeks.
I'm using custom Arkbtc/ethbtc chart due to lack of ARK/ETH direct pairing.
ARKBTC on the daily time frame. Looks to be accumulating within a what appears to be the formation of a bullish ascending triangle. Above the 200EMA by quite some distance which in itself is testament to ARK's upwards drive. I'm keen to see what happens when price meets ascending trend line 'A'. Arguably price action on the daily is in no-mans land for a scalp...
ARK/BTC - ARK/USD both hit resistances at the same point, ARK/USD on the 78.6 Fib and ARK/BTC on the downward trend line, i do believe if we close above we can see movement towards 1286 SATS. Movement in the cloud could see more gains.
Hi price is moving along bull trend line but is not get new higher end of candles what we can see on chart . In this situation my advice is wait when price will breakout resist line . We see that indicators give us signal for buy also we can see a lot moving volume . Look like triangle formation but is good wait for confirmation and also we have to be careful for...
As we have seen, we have made a beautiful bullish pattern, possibly we now have a pullback to buy zone 1, I personally do not expect that going through it but he!..its crypto so who knows why a buy zone 2 and under the bullish shape one Support a stopwatch if you want to use it
Currently a great run had more people more confidence in ark Currently it is "over bought" so I expect a small correction if you have a low position you could sell these here... but it can also go higher! . Do you want to keep him also during the correction is also no problem