$ARK resuming uptrend again?Looks like ark is resuming uptrend from correction. Support level & OrderBlock clear. still expecting a small pullback for confirmation, early entry atm.
ARK
ARKBTC - Coming up to major supportARK has hit some major support around 72k sat. The ARK price has bounced off of .786 fib multiple times as shown on the chart which indicates a strong support.
Bittrex order book is slowly building up and the RSI is showing oversold. You can also see that the waves for the RSI are getting lower and smaller at the same time.
What to look for:
- All thick red lines indicate resistance. Look for the price to hit and surpass that point.
- Look for the RSI to move up and cross the red line into the overbought territory.
- Waves for the RSI should reverse with waves going higher and higher.
This is a great entry point with a stop loss below the blue line because if there is no buy support to help the price move up, it'll dip below the blue line and next major support is around 58k sat.
Note: Don't set an exact stop loss price to sell at. It may dip below the blue for a short period since we can seen the price bounce around that area as I've indicated in the green square. Keep an eye on the order book to make sure there is enough buy support. If the green hill in the Bittrex order book is small and not rising, then it is a good time to sell.
As always, use common sense and do your own research as well and you feel comfortable with your trade decision. I'm here just showing my analysis and what I'm looking for.
I'll keep you updated.
Ark: upward channel needs to crack short term resistanceArk has seen a nice upward run. As often the acceleration of the upmove (taken Ark out of the upward channel on the upside) also signaled the temporary end of it. Ark fell back in to the channel, all the way to the bottem of it, where yesterday it found support (green oval).
The RSI-indicator never came close to oversold condition (not even on the 1 hour candles), meaning there is enough faith in the market Ark can overcome the drop.
Now price has to break the current resistance line (red) to take Ark back to the top of the upward channel. I wouldn't bet on new ATH's (0.0012+) soon but somewhere around 0.001 seems very possible.
ARKBTC is ready to go longThe price is on trendline, a decent bounce would help to break the down trendline.
One can buy now on trendline support with tight sl or wait till the price breaks the trendline. Please play with the SL always.
ARKBTC - BITTREXBull flag forming on the general uptrend.
Entry point after bounce on up trend line (blue) and breakout up from the bull flag.
Looking for a strong breakout signal (above average volume, strong RSI) indicating the up trend is resuming.
ARK about to bounce on major trend and reach previous highEverything is on the chart, feel free to ask any questions. For more complete analysis like that, simply follow me, I will post A LOT of analysis so you can make money with me ! :) Thanks for your support!
$ARK - Status.I am riding out ARK for the rest of the year, as of now, i am trying to accumulate as much as I can. Looking for best possible short to accumulate more with my current profits.
I will update the chart first thing in the morning.
$ARKI am currently going long on ARK.
If it decides to break the current support, I will be shorting to buy back at a lower position to accumulate more.
Hold if Ark remains on the current trend line.
I will update this chart later in the morning.
ARK pattern repeat??Copying the previous major growth pattern and applying it to the most recent spike with updated ratios, here's what ARK's future could look like
Will Ark beak-out soon? I think soI think we see a falling wedge and one or two small dips before the break-out will appear. All feedback is welcome! :)
$ARK Gonna' Break out soon.I expect $ARK to have another run at ATH soon (if $BTC doesn't do anything silly)
Ark double top reversal - 2 target pricesARK/BTC is showing a clear double top reversal right now. notice the lower volume on the 2nd top. two target prices are labeled in the chart.
same thing happened with OmiseGo recently and this is how it played out, though there's no guarantee.
fundamentals of this coin are very promising, so it wouldn't be a bad idea to buy at one of these target prices.
ARKUSD looks like a flag breakout on 15minute on break of highs$arkusd looks good on all timeframes. DAily has great momo on it. starting to break on 15minute chart. Looks good for daytrade with stops under ema's . I took the ark/btc pair on bittrex
$ARK Wait for it to retrace back to the support line. If it continues to break upwards past the current resistance, the resistance will become the new support. Set stop loss at 3% with the possible new support.
Stoch RSI: currently overbought in the 30m chart.
Very little upside potential, so the risk for a correction is...Ark price is too optimistic. It's still moving in a bullish channel (higher high, higher low). Time to correct to a lower level.
