GAS/USDT Could GAS Break the resistance?? Or back to rejected.💎 ARK's recent market activities have caught considerable attention. ARK has shown resilience by rebounding perfectly upon reaching a crucial support level. Now, ARK is facing a significant resistance area while it traverses a broadening wedge pattern.
💎 A successful breakout through this resistance and the pattern's upper boundary could propel ARK into a substantial upward trajectory, probability making it straightforward to achieve our targeted Bearish OB area.
💎 However, should ARK struggle to surpass this resistance and face rejection, there's a strong possibility that the price could revert to a downward trend, leading back towards the key support area. This could be an opportunity for ARK to gather momentum for another attempt at breaking the resistance.
💎 In the scenario where ARK revisits the key support area, it's critical for the price to show a strong bounce. Failing to do so, and instead breaking down below this support level, could signal a continuation of the bearish trend and potentially lead to further downward movement.
ARK
08/01/24 Weekly outlookLast weeks high: $45912.61
Last weeks low: $43426.20
Midpoint: $40939.80
It's ETF decision week! ARK invests application for a BTC ETF has a deadline of January 10th (Wednesday) to either approve or deny registration.
At the end of last week we started to see much of the market prepare for this news event as altcoin liquidity moved into BTC or cash ready to be deployed on the result of the decision. We know this as altcoins bled against bitcoin quite dramatically, some alts falling as much as 30% from their recent local highs.
For this weeks outlook all eyes are on the SEC for their decision. The general sentiment is there will be a large single candle on approval towards 50K, with a sell off after. History has shown a 30% drop in a bull market is a healthy correction which would see us revisit the mid 30K area before the build up to the halving.
It is worth noting that just because that seems to be the most common theory it doesn't always work out that way and especially if on the off chance the ETF is denied, panic will descend on the market aggressively so be careful.
Volatility is definitely on the cards this week that is for certain.
ARK ANALYSIS (4H TF)What we have on the chart is a bearish structure.
We have had a descending CH and then descending BOS. Price is resting to make more and deeper drops.
It has the potential to create lower Ls. The targets are clear. Closing 1 daily candle above the red level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ARK: $22 | Cathy getting CAPITULATION 101 lessosif youre an up an coming FundManager that made it Big in the Industry
maybe keep quiet as the Big Bear may teach you a lesson by SHORTiNG your Picks
Discrediting Cathy week after week ..
towards CAPITULATION
==
note:
when a price of a STOCK PUMPS to 4x & 8x (+800%) from it's recent base (eye on Volume Spike)
that's discounting the 5-8year price ...
smart money sells and move on to the next CIRCUS
easier said than done
PINS EARNINGS PLAY (BEAR BULL)Here's my PINS chart, I tried to label everything, but if you're bearish, you're looking at $22 post earnings, if you're bullish you're probably looking at $29-$32, if it does manage to push $37, it's going to be quick in the AH and you won't have time to sell calls the next day.
Personally, after seeing FB/META along with Elon's recent tweet about ad revenue and Twitter users, I think PINS is an obvious choice to see a nice run-up followed by a crash. I like the price 26.11 and I like that price on Monday Pre-Market, I think it heads up to $29 before close and hits $32 in the AH, before heading down to $27.
ARK ADAM AND EVE PATTERN: CURRENTLY ON A CRITICAL KEY LEVEL In this chart of BINANCE:ARKUSDT , the coin is forming an Adam and Eve pattern looking at the historical movements, the coin is in a downtrend, and the market is indicating a bullish reversal for ARK.
Currently, the coin is on consolidation around the pattern neckline area. It is a waiting game for the coin and in order for the pattern to materialize, we need to see a convincing confirmation of a breakout on the neckline on an hourly basis.
I'll provide updates on the comment thread for more detailed technical analysis.
Stay safe and happy trading!
ARK Need more liquidity before pumpARK UPDATE: ARK did grab a lot of liquidity downside but I can see traders joining into longing it here which is not a good idea as we still have unmitigated bullish OB below on 1hr&4hrs TF…. I will wait for more more liquidity to be grab at 0.965 before considering longing from there…. Don’t get induced by longing ARK here as we can see it get rejected….. wait for the last liquidity to be grab which will mitigate the unmitigated OB below…..
Follow for more market update and trade setup
ARK target 2.72h time frame
-
ARK is creating a symmetrical triangle, this is probably a continuation structure of the previous pumping wave (from 0.43 to 1.85).Therefore, there are two opportunities to open long, retesting triangle bottom or breaking above triangle, target can be set with Fibonacci Projection.
TP: 2.74 / 3.29
SL: 1.275
ZRX FORMING A RISING WEDGE BINANCE:ZRXUSDT is forming a rising wedge, or a bearish wedge potentially could see a reversal from a day trading standpoint.
In my technical analysis, the price has reached an essential key resistance level of $0.2720 or the .618 Fib retracement as shown in the chart below on a daily timeframe.
RSI indicator is showing a bearish divergence wherein it forms a lower high and the price forms a higher high.
Currently the price forms another higher high, the next resistance would be at $0.2967 if the price would push upwards based on the Fib retracement extension of 2.236. I could determine the next trendline as valid utilizing the back test process.
If you're looking to trade this coin NOW, use this diagonal support as guide. It also formed divergence as well.
If a breakdown confirmation happens, set partial take profits on the common support lines.
I will try to update on that :)
Always PLAN your trades and happy Halloween 🎃
CFX CRITICAL RESISTANCE LINE AND RISING WEDGEIn this logarithmic chart of BINANCE:CFXUSDT is the near yearly resistance line of the coin. I started to assess this trendline after its pump last week and price consolidation has been observed near on the resistance.
Also, sharing this rising wedge pattern below that could be a sign of rejection of the pump and reversal of the uptrend. Presented in yellow arrow line is the bearish divergence from my indicator, RSCD (RSI MACD) forming a lower high and the price forms a higher high.
The diagonal support line is also presented. In my view, breakdown can happen but to the point of forming another diagonal support since there would be people who would still want to buy from the pump. But if not, I plotted the potential support lines by using Fibonacci retracement.
The coin could enter a reversal but if in case it regains a momentum to breakout on the wedge. I would consider these two potential resistance lines.
(1)
Currently, the coin has touched the 0.5 resistance level multiple times as it tries to touch again and possibly breakout. With that, consider the 0.618 Fib level.
(2)
I would also consider the .382 Fib level from its higher high on the daily timeframe. Backtesting this trendline had some events of being a critical trendlines (support and resistance) of the price movement.
Overall, based on the structure above, we will see BINANCE:CFXUSDT rejected past the long trendline with a rising wedge pattern on its current movement, favoring a bearish trend.
Always PLAN your trades.
Happy trading!
Ark/USDT May Follow a Path Similar to PolyX 📉
🕐 Ark/USDT - Daily Timeframe
Following a strong breakout, the Ark price has seen a steady ascent. However, it's crucial to remain vigilant as a correction may be on the horizon. 📈🔍
📊 I've pinpointed potential targets on the chart, and I'm anticipating a significant 30-50% drop in the Ark price in the near future. 📉💥
📚 Remember, this is my perspective, and it's essential to conduct your own research. This isn't financial advice. 📝💼
Anticipating H&S pattern on ARKARK did nice run up and currently looking to make a correction as it broke down from 30mins TF support….. Also, ARK is currently forming H&S pattern as the left shoulder is created and so as the head…. I’m currently waiting for the right shoulder to be formed which will be form on retest of the support that was broke down….. watch out for it
Follow for more market updates
Can message me fir trade setup
ARK/USDT In the crucial area, Need Bouncing or Lost the demand💎 ARK is undeniably on our radar. After breaking free from the descending channel pattern, ARK surged upwards, only to face a setback at the Bearish OB zone. This led ARK to retreat to the demand region for a potential retest.
💎 Should ARK demonstrate resilience in this zone, marked by a series of bullish candle rejections, there's a likelihood of it rebounding to challenge the Strong Supply area.
💎 However, if ARK fails to hold its ground within this region, it might slip below the demand zone, steering its trajectory towards the Critical support area.
ARK/USDT Break the Descending Channel, Bullish Momentum ??💎 ARK is undeniably on our radar. Having broken out of the Descending Channel, ARK is poised for a notable upward trajectory. A prudent strategy would be to await a retest on the demand zone before making an entry.
💎 Currently, ARK faces resistance at the supply zone, but should it break through this barrier swiftly, the path to the subsequent supply and Bearish OB zones seems clear.
💎 Today's daily close showcased a bullish marubozu green candle, a strong indicator hinting at potential bullish momentum for the following day.
💎 However, caution is advised. If ARK fails to hold its ground during the demand zone retest, it might indicate a false breakout. In such a scenario, ARK could potentially lose its grip on the demand zone, steering its course towards the critical support area.
NVTA Invitae Corporation All Time Low | Potential Buyout !Last year in Autumn we had this buyout rumor. I remember back then Exact Sciences said to approach Invitae about a potential merger.
Now, NVTA, Invitae Corporation, is trading at an all-time low, $0.62.
Some deals take one or two years to perfect, and we don't know what caused the recent price decrease.
Sometimes this happens before an announcement.
Today, Invitae announced the appointment of finance veteran Ana Schrank as CFO; she spent more than 20 years at McKesson Corporation where she held leadership roles. Could this CFO be hired ahead of a takeover?! We don't know!
But with an RSI of 19.34 and an all-time low, along with ARK Invest being the 2nd largest shareholder at an average price of $15.08,
I think this looks like a great buying opportunity!
Looking forward to read your opinion about it!
ARK H/S at OBTime to short ARK after breakdown the neckline of the head and shoulder that was created on 1hr timeframe… if you have being following me, you will know when we long ti the bearish OB and is time to short now to the bullish OB on 1hr timeframe below…. Manage your risk and follow me for more update and decent trades
ARKM and WLD Tokens: Fractal Similarity and Patterns in Graphs!Today, I want to share my observations regarding two interesting tokens, ARKM and WLD. While analyzing their graphs, an idea struck me about the possible fractal similarity between them. Here's what I noticed.
First and foremost, I want to emphasize that ARKM and WLD represent different projects with different functions and purposes. However, if we focus on their graphs, some intriguing aspects emerge.
Both graphs exhibit a similar structure and show patterns that suggest a possible fractal nature in the movement of these tokens. Such similarity could be of interest to analysts and investors as it highlights common aspects between ARKM and WLD.
As for my expectations, based on the fractal nature, I would anticipate the WLD token to decrease.
👇However, it's essential to remember that these are just my thoughts.