ARK, as so many alt coins, has done a deep retracement after a major bull run (0.887) and now has broken out of this downward channel. At his point, It looks like it is an a pennant and either we will see the start of wave 3 here, or ARK might go down again towards its previous low. Looking at the RSI on the daily, it seems more likely that ARK will break out going up (towards target box). If so, we could see another big bull run for ARK since its fundamentals and the team behind it are unchanged and remain very promising.
Commento:
ARK broke out and is now retesting the trendline. The next few hours are critical if ARK really wants to continue upwards.
ARK broke out and is now retesting the trendline. The next few hours are critical if ARK really wants to continue upwards.
Trade chiuso: stop raggiunto:
Got stopped out last night during the btc bull run.
Already tried breaking out, but retraced quickly. Back in the pennant now. Still possible to break out above.