A good spike in volume but not enough to get through resistance levels, false breakout? Usually, false breakouts occur right before the real breakout or reverse entirely.
MACD seems to show that it won't reverse as its turning upwards and RSI bounced from the 50 level. When the RSI passes and bounces over the 50 level it signifies an uptrend could be in the works
If you notice the momentum has been picking up as if the selling has been stopping and more buying has come in. Even though the price kept falling the momentum was steadily picking up and has now passed the midpoint. Great sign of the bears leaving and bulls coming in.
Price action is in a symmetrical triangle. All the signs point to ARK price increasing, just watch for that pop in volume and if it's to the upside it will be a bumpy ride. If it falls major support at 41k Sats. Risk to Reward 3:1
MACD seems to show that it won't reverse as its turning upwards and RSI bounced from the 50 level. When the RSI passes and bounces over the 50 level it signifies an uptrend could be in the works
If you notice the momentum has been picking up as if the selling has been stopping and more buying has come in. Even though the price kept falling the momentum was steadily picking up and has now passed the midpoint. Great sign of the bears leaving and bulls coming in.
Price action is in a symmetrical triangle. All the signs point to ARK price increasing, just watch for that pop in volume and if it's to the upside it will be a bumpy ride. If it falls major support at 41k Sats. Risk to Reward 3:1
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