Very little upside potential, so the risk for a correction is...Ark price is too optimistic. It's still moving in a bullish channel (higher high, higher low). Time to correct to a lower level.
ARKBTC trade ideas
ARK / BTC to cool downWe see a hit of resistance line and cool down for 1-1.5 month for the new upward trend to around 120k sat.
ARK ascending triangle ARK is one of the most undervalued coin now. Its pattern remember me LISK coin when it was around 2-3 dollar
ARK predictionARK in a very bullish trend. ARK is a very promising project. But momentarily I expect it to hit a top soon, and then slowly decline for ~5-6 weeks, untill it starts a rise to new hights (+130000).
arkbtcabout to test the resistance if it breaks and it looks like it will based on the order book it's going to the moon.
Is ARK getting ready for a big breakout?A couple patterns I'm seeing here on the longer term (4H chart):
* The ascending triangle pattern is soon converging. If it can finally break out of that triangle and show momentum above it, we could see a potential big jump above the top of the triangle. You can see from the graph that we've had a couple breaks above in the past, depending on where you draw the top of that triangle, but those were big spikes that were unsustainable. A new breakout above the resistance at the top of that triangle (around .00062) could finally mean a big breakout finally above current all-time highs.
* This pattern isn't quite a perfect fit, but it appears we may also be getting a long-term cup and handle pattern. The cup doesn't fit perfectly, but I think the handle could have been called even earlier if not for the artificial drop from the recent China ICO news. On that note, the lack of a significant pullback following that news (in stark contrast to some other coins) gives me even more confidence.
Combine the two, and I'm extremely bullish on ARK . It looks primed for a big breakout.
ARK/BTC BIG MOVE COMINGark is consolidating just above last swing high and it's climb higher is steady
ARKBTC - Build support for next run upWhen the price is moving sideways very well while bouncing off of fib retracements, that's usually a good since. We already have enough support for the price to hold but yet not enough for the price to move upward.
We did see some rejections after the previous run up. Then the price slowly leveled off. We can expect a breakout once it hits the top green line.
Keep track of the order book and volume for the next few days.
$Ark A little quick TA on ARK.
Buy zones: between 0.00052781 - 0.00050262
I am hoping for a breakout in 1 day for a possible 22% gain.
Overall sentiments: Bullish.
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ARKbtc making a push closer toward 80k sats?arkbtc daily... could see a push to 80k sats, especially if btc continues correcting.
For it to happen ARK must breach the big blue triangle, then will be met with resistance at the 162% fib retracement and the upper black channel trendline.
Watch rsi and lagging span closely for this uptrend to reverse.
The 262% (fib with background) and 23% fib2 (no background) look like big resistance in the event of a blowoff
Remain long with a breach out of the blue triangle.. would buy back more at 38% fib retracement (fib1 background); worried if we dip below ( and out of the blue triangle)
Buying opportunity for ARKArk is really following the Fib Extension closely. You can clearly see the 0.0004440 btc support level aligned with the 0.786 fib so it would be a great position for a buy order there.
ARK Chart Smells GreenI enter at 53k and set my sell point at 57k
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$ARK $BTC Buy en Sl zonesAs we have seen, we have made a beautiful bullish pattern, possibly we now have a pullback to buy zone 1, I personally do not expect that going through it but he!..its crypto so who knows why a buy zone 2 and under the bullish shape one Support a stopwatch if you want to use it
ARKBTC 3H CHART ARK EXIT LEVELARKBTC divergence could lead to Range or Downtrend.
Short level shown in graph if downtrend confirmed, with support zones for further entry in blue.
This is a 2.69 R/R Exit
WNZ
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Time too sell out of ARK? I forgot to publish this chart, but I ended up putting my thoughts there. If it does break out its gonna break out, its gonna break out.
