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ARKUSD trade ideas

$ARK looks ready for a big up moveSorry for not posting in a long time, i am currently trading alot of cryptos, there are just too many beautiful setups on them not to pass. Thought to share this one with you. I see some big upside potential, i like the chart technical picture, but also the fundamentals about this project. Targeting 20$ coming soon. Please take care in investing in cryptos, they are highly speculative and a very risky asset class. Don't invest more than you can afford to lose, and this is not an investment recommendation but purely my own opinion, do your own research. Blessings to you all.
ALong
by IamJeanPaul
4
ARK set for further consolidation before another breakout?After the recent spike there are a number of small signs that consolidation may occur before a further break out. - formation of an ascending triangle pattern - this pattern is often associated with a contraction in trading volume, indicating consolidation. This is evident in the recent ARK trading volume - fib extension shows that 0.618 level is currently being tested - a fall back toward the 0.5 level is likely prior to a further rise
A
by chartorscience
Ark Is Breaking Above All-Time HighOn the 14th of September Ark has produced an all-time high, hitting $4.6 mark. Since then ARK/USD has declined slightly and has been in consolidation mode, trading between $2 support and $3.2 resistance. On the 3rd of November Ark broke above the downtrend trendline, and then above the 200 Moving Average. Clearly, the price started to produce higher highs and higher lows and stayed above the 200 MA consistently. Looking at the Fibonacci, applied to the corrective wave after the downtrend trendline breakout, the 127.2% and 327.2% resistance levels were penetrated and then acted as support. Yesterday Ark rejected the 327.2%, that is $3.8 and immediately produced an all-time high, hitting $4.95. As the trend remains bullish a continuation of it should be expected. First upside target is seen at $6.2, that is where two Fibonacci are inline with each other. 827.2%, and 161.8% Fibs applied through Sep - Nov corrective wave down. Only a break and close below the $2.8 could invalidate bullish outlook.
ALong
by CryptoPAMM
6