spot trading ark-btc buy : 0.00001822 sell : 0.00002894 stop loss : 0.00001500
Some strong signals here in the weekly chart. First and foremost we have a weekly candle bouncing off the the 50 day moving average after a candle bounces off the 20 week MA. ARK has been rejected off the 200 week MA without finding support since October 2017, make no mistake, this is a turning point. Support is also shown to be found on two bottoming candles....
Its my belief that ARK is completing a bullish Inverse Head and shoulders pattern with breakout potential to around 9000 sats.
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ARKBTC long Entry: 0.00003307 SL: 0.00002852 TP: 0.00008518 RR = 11.45 good luck
I would not be surprised to see this one break up. Would like to see it gain a little bit more before jumping in, though. Just to make sure it does not reverse here right at resistance.
BITTREX:ARKUSD is a Conviction Buy. Analysis Method: Fibonacci & Wave Theory ARK - ark.io ARK (ARK) is a project that offers a suite of tools to create an ecosystem of interoperable blockchains. Using the Delegated Proof-of-Stake (DPoS) consensus algorithm, ARK's network is secured by delegates, who are appointed by ARK token holders through voting. ARK is...
Ark is struggling to keep its uptrend going but once it hits resistance for volume I see it returning to a more appropriate pricelevel.
I think this is a great long entry. The price action is in a falling wedge and is testing overhead resistance. Bullish divergence can be seen on the daily MACD with a bullish cross over the signal line. The price could fly from here. I'm entering now.