Daily wedge with good bullish volume
Updated
Ark is a project with pretty strong fundamentals and it's moving not far from all-time lows.
TA shows Higher lows with lower highs, volume is there, we can expect a breakthrough above the top trend line similar to what other alt coins did recently.
First level of interest is S/R strong support at Jan 5 and resistance from March 25 where support was pushed down pretty strong.
TA shows Higher lows with lower highs, volume is there, we can expect a breakthrough above the top trend line similar to what other alt coins did recently.
First level of interest is S/R strong support at Jan 5 and resistance from March 25 where support was pushed down pretty strong.
Comment
Trend has been retested. We are still on track.Comment
Things went fine and the break happened. Now it's important for the accumulation phase to not be pushed very fast back to the trend line. A retrace to 3150-3160 will be healthy for the next push.Comment
Good run! 3353 is a strong resistance level so it will be a good moment for some sideways accumulation before moving forward.Comment
3353-3355 is a target which was previously rejected to 2928 in less than 1h so it's a strong level. The accumulation which is happening now is super healthy if bulls can defend the 3200 level which was previously resistance and became 2 times tested support on the hourly graph. Still bullish on this.
Comment
We are lurking around 3355 with RSI around 60 and 50 MA coming up rapidly. This is important because on 1H graph, 50 MA act like S/R level in many cases.Comment
Huge bullish bar which hit our target. It took 6 days but hey, 20% profit is not bad :)
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