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ARK

Ark Rebound Imminent Breaking out of downward channel. Finished 5th wave + AB correction, moving upward along C out of the downward channel. Stoch RSI moving up, MACD weekyl about to cross. Weekly RSI pushing oversold but now trending up. Strong bullish divergence on the Daily. Found solid support at the expect demand zone, forming a beautiful double bottom before closing above the upper resistance line. I outlined the first three targets on the chart. Couple these strong technicals with the fundamentals of the ARK project. This was a project that had a lot of people excited and has been around for a couple years. Hype started to die down as we waited for functionallity to be pushed out. Now the long awaited V2 update is near completion. Couple this with the SDK and ARK Pay modules being completed by EOY and we have a strong development release set up in the near future. Many projects have gone silent or died during this bear market, but the ARK team has been steadily communicating and pushing updates, without becoming deterred. ARK has a promising future and this may be the cheapest we see of it. Remember that ARK has been operating on a DPOS model successfully for a while, and that anything you buy will also earn you staking rewards. If we see a reversal of this new uptrend, and find ourselves in a Bull trap, I also marked the lowest support level. If we fall below the double bottom, I would personally sell until we reach this lower level. My personal opinion, not financial advice
Long
by green_brow
$ARK, The Bleeding Continues… Weekly Looking at our trend timeframe we see price continuing to head towards the downside with no signs of slowing down. Lower high formed at our 25000 resistance, momentum not showing any signs fo slowing down. Expecting price to test our 15000 support zone, followed by a lower high and another push towards our 10000 support. Daily Shifting over to our pattern timeframe we see price in favor of bears with no signs of reversal, lower high formed at 23000. Momentum not showing any signs of slowing down, looking for a lower low to form near our 10000 support zone. Sitting on hands until price reaches this point or we see a daily close above 23000.
Long
by UnknownUnicorn2434649
1
A trading opportunity to buy in ARKUSDTechnical analysis: . 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. Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (1.4547 to 4.4910). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.4547) Ending of entry zone (4.4910) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 1.9008 TP2= @ 2.5293 TP3= @ 2.8638 TP4= @ 3.5292 TP5= @ 5.0388 TP6= @ 6.2557 TP7= @ 7.4755 TP8= @ 9.2089 TP9= @ 11.4100 TP10= Free
ALong
by ForecastCity
A trading opportunity to buy in ARKUSDTechnical analysis: . 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. Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (1.4547 to 4.4910). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.4547) Ending of entry zone (4.4910) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 1.9008 TP2= @ 2.5293 TP3= @ 2.8638 TP4= @ 3.5292 TP5= @ 5.0388 TP6= @ 6.2557 TP7= @ 7.4755 TP8= @ 9.2089 TP9= @ 11.4100 TP10= Free
ALong
by ForecastCity
A trading opportunity to buy in ARKUSDTechnical analysis: . 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. Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (1.4547 to 4.4910). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.4547) Ending of entry zone (4.4910) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 1.9008 TP2= @ 2.5293 TP3= @ 2.8638 TP4= @ 3.5292 TP5= @ 5.0388 TP6= @ 6.2557 TP7= @ 7.4755 TP8= @ 9.2089 TP9= @ 11.4100 TP10= Free
ALong
by ForecastCity
2