Huge Potential For Ark Network, If It Can Break EMA50!
Ark has lots of potential... This is an old-timer, in some ways.
We have a new low hit recently, marked here with a yellow "cup".
After the initial bullish breakout, prices retraced to test EMA10/21 to see if it holds.
Now that we see it holding, ARKBTC is resuming its growth.
What will happen next is that EMA50 will be challenged like it happened just a few days.
This level will continue to be challenged until it breaks.
Once broken, you will see prices moving higher, fast... That's what we are looking for.
If EMA50 can't be broken, we get a stronger retrace below EMA10/21, maybe even hit the last low... Followed by another attempt at EMA50 which is most certainly likely to work.
In conclusion... ARKBTC is trying to move up.
If it follows the many other bullish altcoins, it will only take a few days, max a few weeks, before the resistance is conquered and we see some GREEN on this chart.
Namaste.
We have a new low hit recently, marked here with a yellow "cup".
After the initial bullish breakout, prices retraced to test EMA10/21 to see if it holds.
Now that we see it holding, ARKBTC is resuming its growth.
What will happen next is that EMA50 will be challenged like it happened just a few days.
This level will continue to be challenged until it breaks.
Once broken, you will see prices moving higher, fast... That's what we are looking for.
If EMA50 can't be broken, we get a stronger retrace below EMA10/21, maybe even hit the last low... Followed by another attempt at EMA50 which is most certainly likely to work.
In conclusion... ARKBTC is trying to move up.
If it follows the many other bullish altcoins, it will only take a few days, max a few weeks, before the resistance is conquered and we see some GREEN on this chart.
Namaste.
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