Ark looking good on the daily for short and long term returns
this chart presents a long-term outlook for ARK/BTC . if the next fractal is similar in structure to the previous two (and it should be), this is how things will likely go. target level is labeled; hypothetical support after the next big move is also included. additionally, notice how each big move, the next 786 fib level lines up with the previous 236 fib...
Seems it is in middle of a-b-c retracement. Also 1d and 3d RSI looks good.
With Bitcoin making all time highs recently, a lot of the altcoins have been taking a hit. On the daily chart, Ark has bounced from the 200 EMA, and that was the event which formed our point BC. Overall for Ark the future is bright, but once our targets get hit, i'm expecting a short opportunity, unfortunately there are not many exchanges that support margin...