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ARK one of my most promising tokens for 2019 is finding a stumbling point at the 61.8 and the 0.50 Fib resistance.. Also being held up by the trend line which lies in with the FIB. one we break the trend we will be seeing $0.80 (Pink Box).
ARK has been tightening in this small wedge since 8TH September, Looking to possibly break towards $0.86. Hit a previous low of 2018 at $0.51 and then grew 100% back to $1.01 within 16 days.
Ark has a lot of stumbling point to overcome to reach ATH.. $0.81 and $0.93 are huge mountains to climb, Buying power seems very low on ARK at the moment and a possible $0.52 is in play very much so..
. ARK/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.
. There is still a ...
. ARK/DOLLAR is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
There is a possibility of temporary retracement to suggested support zone (2.88 to 1.77). if so, traders can set orders based on Daily-Trading-Opportunities ...
ARK placed a fib showing potential downside if the momentum cant be sub sustained.
GOOD OUTLOOK FOR ARK ASWELL.