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Ark / BTC

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ARKBTC trade ideas

Ark VS Bitcoin RisingArk found the support at 18k satoshi and started to moving higher while breaking above the 200 Moving Average as well as the descending channel. After the breakout price corrected back and first rejected the Moving Average and then the upper trendline of the descending channel, both of which this time acted as a support. With such price action, the uptrend scenario becomes more and more likely where ARK/BTC could rise up to 100k satoshi psychological resistance levels. This level is also confirmed by technical analysis, where two Fibonacci retracement levels are inline with each other. the 76.4% and 327.2% levels. Only a break and close below the Moving Average could invalidate bullish outlook.
Long
by CryptoPAMM
8
ARK - LONG - So Many Bullish Indicators (But Needs Volume)Hi there, I'll make this one quick. ARK's chart has become incredibly compelling. Why? 1. 4H candle reversal in the clouds (very bullish!) 2. Recent broke a long-term reversal line (price reversal!) 3. Short-term EMA bands have crossed over the long-term EMA bands, and both bands are very, very compressed (very bullish!) What next? 1. We need volume. ARK volume picks up, it will serve as the catalyst for the first leg up. I added the fib extensions to the chart to show you the price target levels. Good luck!
Long
by cryptorae
Ark: Breakout Ends CorrectionPrice broke above the corrective structure it was moving into and is now pulling back most likely to test the broken downtrend. Having measured the impulse which broke above the downtrend, using fibonacci we may see that the 0.786 fib retracement stands at a level where price may test the broken level, adding great confluence. A bullish divergence adds also to our bullish context, indicating the end of the downtrend. Sl and tp as shown in the chart. In case price reaches the first tp we better move sl at breakeven at second position. All the best, John
Long
by Fxprotrader
1
Ark showing a solid upward channel to new uptrend.Ark has an amazing upward channel in the 4h hour chart allowing for a great ride up to the 50% fib line. Now would be a great buy in or for Ark to test the 38.62 fib. It's had a fairly large correction of nearly 80% from it's high to low. Previously Ark's first big uptrend lasted 46 days, if this upward momentum can continue I would look to hold Ark over the next month as there is some serious buyers confirmation apparent. Signs of upward moment and price strength confirmation include: Holding strong above the 50, 100, and 200 daily SMA. Positive cross on the daily MACD. RSI above the 50 line (could see a slight price drop in the next few hours as it is nearing the top line) Each bottom before an uptrend is getting higher than the next. Meaning higher lows and higher highs. Let me know what you all think of this TA of ARK! :) -CJW
by ColtenjWeaver
2