ARK
Good setup for Ark- ARK/BTCArk is ready to start a new bull cycle.
EMA 50 is about to cross EMA 200 from the bottom on 4 hour candles which confims bull trend. Ark is also fundamentally a very good coin, so I have my hopes up for it. RSI is looking good.
Better buy in would be around 0.00027, but it is what it is. I think with this buy in the trend is easily confirmed. It bounced twice from 0.00027000 so that is why it looks like a potential bottom and a reversal. EMA's crossing just confirms that belief for me.
Targets:
0.00038000
0.00050000
0.00061000
0.00067000
0.00070000
0.00120000
Remember to allways take profi and that patience is the key.
ARK :- Wedge Target ZoneArk :-
1.Falling Wedge Breakout and Target Achievement is currently in progress.Price have taken support at the daily demand zones of 2.504.
2.Volume support on the green candles are visible too and moving averages are currently supporting the price upmove.
A break above 2.92 would take us to 3.5 in the next few candles
ARK Looks Good on Daily TimeframeARK has been correcting with a nice 5 wave impulse, for quite some time. It has respected the long term uptrend line pretty well. Also, on daily time frame, it has been building a rising triangle and looks like near the end of the correction. I'm still keeping my targets quite low due to btc. SL = 0.00026171, TP1 = 0.00037520, TP2 = 0.000425, TP3 = 0.00056800 (longer term). Please note this is a daily chart and the trade can take longer to develop.
Good luck,
Ark Starting To Look StrongArk has found the bottom at $1.77. That is 127.2% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout. The support has been rejected cleanly, and the bullish divergence was formed on the RSI oscillator. The following wave up resulted in break above the downtrend trendline which could be the trigger for the strong move upwards.
The strong resistance is seen at 50% Fibonacci retracement level that is $6.7, and a potential 150% rise from the current price. Break and close above the resistance should confirm strong uptrend, while rejection could result in a consolidation or a correction down.
On a downside, break and close below the $1.7 support should extend the consolidation and could send price lower.
ARK :- Bullish upmove in place Ark :-
As previously mentioned Ark will be heading to our target levels of 3.5
A bullish move has already begun and prices could head back to daily support levels @ 2.5 before we move towards 3$
10$ + levels will be seen this year itself.
Ark Mid term Kumo BreakoutArk is showing bullish movement breaking out of the kumo on the 4H chart. There is some room to go up on the daily chart as well until it hits resistances on the daily. Keeping a close eye on the RSI and DI for any movement.
Entries Targets & StopLoss are all estimates:
Entry - 33400
First Target - 37000
Second Target - 3900
Stoploss - 30800
Ark :- Falling Wedge Breakout Pattern Ark :-
1.Ark has broken out of the falling wedge and has held on to the moving averages for now as well.Prices are clearly heading higher from all the way to 2 to now 2.35
2.Ark has begun heading to the falling wedge target of 3.5 and over the next few weeks of green candles we will move towards those same levels.
3.A preliminary bullish move over 2.50 is required to see a further upmove eventually.
ARK :- Falling Wedge Ark (ARK) :-
1.A Falling wedge pattern is currently in the making and the price must break above 2.61 before we can confirm the move to the next weekly zone of 3.28.
2.Volumes are increasing on the green candles which confirms that buyers are heading into ARK at lower prices.
3.Go Long on the breakout for a price target closer to 3.51.(97% Return)
ARK Decision TimeLooking like ARK is forming a gnarly bear flag right now, however, it hasn't stopped ARK from gaining before.
Three possible situations:
Orange arrow if this bear flag is invalidated as it is a fib support. Unlikely in my opinion.
First small red arrow, this is more of a likely situation. Year-span trendline support at the first small green "buy" zone.
If bitcoin tanks to 6,000USD which i'm doubting it will, the large red arrow is possible. Near 100% retrace and strong support from last cycle. No brainer buy at the second large green rectangle.
THIS IS NOT FINANCIAL ADVICE STRICTLY A HOBBY OF MINE.
ARK - Daily Analysis Ark has broken out of our previous down trend line and we could be headed to 3.28 which is a weekly resistance level.
Price could hit that level and stagnate for a bit as its an area of major confluence of the parallel downtrending channel too.
A 30% upside is what Ark is in process of completing.
"Target :- 3.2844"
Caution; Cash Is King Has A Delivery! Bittrex & BinanceCoin breaking out after a nice bounce this coin has some massive potential the only thing its missing is volume.
You can see on the A/D indicator volume is now returning and if we are patient we will get a really nice move with 50%+ profit potential.
In the past the coin had a 24 hour volume of over $65 million dollars and now its as little as $1 million dollars but is back accumulating funds ready for a nice move up.
Now you will see circled in red we have strong support around 8% below current price we have seen very aggressive buys not letting the price drop below here. This bottom is the same bottom it bounced from in November at around $2.20
The Aroon, has crossed on the 4H chart along with the 20 and 50EMA, also the RSI has been building momentum now for around 5 days ready for the break.
The coin has already started to move but we need to be careful with it being low volume as we will see large retraces as it moves it needs time to consolidate.
Targets are set in green, conservative entry won't be until the first 4H candle has closed over a target they will then buy and set stop loss below target.
As you can see we will face minor resistance at the 200EMA however we should push past it with current momentum.
Aggressive traders will open the trade now and be patient for the move.
Please do not expect this trade to develop in a short time frame these will take hours as each time the price goes up it needs to consolidate.
Cash is King
LONG TERM TARGET IS $18. My bias on Ark Coin is LONG , potentially up to highs of $18 this is long term target might I add.
We're currently approaching our $2 support zone , if we violate this trend line and touch our support zone we could then be in a rocky downwards trend, however if we hold current prices and bounce off our ascending trend line we could penetrate our resistance zone at $5(80% Gain) & also $8(165-180% Gain) .
LONG TERM TARGET.
My long term target is $18 which is around a 500% Gain!
I'd get in on this crypto now to be fair as insurance , if prices shoot to ATH, then we're covered however if prices go even lower, we're getting a discount on our future investments!
TP: $18