ARK – 516 % Earnings possible

Updated
Hello Guys!

Here it is another much undervalued coin.

As you can see on the chart according to Fibonacci levels we are very low (same level as in December 2017). Same levels were observed in August 2017 before massive rally when one could earn nearly 600%.
So traders look now at Visible Range. We are below much below “fair” price and in the lower part of the Volume Area. It means 70% of all traders bought their coins over the current price. They won’t be willing to sell until they get their money back. Fair price is established at 0.00034035 BTC
What’s more we have double bottom already formed waiting for a great rally. Stay vigilant and observe the volume and price. Last time rally took us only 6 weeks so be prepared.

What’s more we have crossed MA50 which is very good sign.
On Weis Wave we can see volume rising and no supply therefore we have stronger price pressure. We need more volume to obtain such levels as in 2017 but stay patient and positive.

On MACD chart we can see positive divergence – all bulls’ crosses are higher from the previous ones ones.

So guys. This might be very interesting trade with great potential.
Observe levels such as 0.00026801 than 0.00035000 and than our first Fibonacci target 0.00043297. We have to break them all in order to break supports and obtain confirmation of the uptrend.

Fibonacci levels:

Target 1: 0.00043297
Target 2: 0.00058805
Target 3: 0.00071339
Target 4: 0.00083872
Target 5: 0.00101717
Target 6: 0.00124447


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WBM Team.
Note
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ARKBTCChart PatternsDouble BottomEarningsTechnical IndicatorstothemoonTrend Analysisweiswave

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