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!
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!
Comment:
Update
Congratulations, ARK has now found its third impulse since I made the original call. Observe how cleanly ARK's chart follows my fib extensions. The next stop is 1 fib at 74k satoshis. Expect a period of consolidation around the 64k-65k satoshi levels before we slingshot up to the next level.
I am maintaining my position in ARK because the price is itching to go one way, and that's up.
Congratulations, ARK has now found its third impulse since I made the original call. Observe how cleanly ARK's chart follows my fib extensions. The next stop is 1 fib at 74k satoshis. Expect a period of consolidation around the 64k-65k satoshi levels before we slingshot up to the next level.
I am maintaining my position in ARK because the price is itching to go one way, and that's up.
The 4H cancle closed well above its 54k satoshi resistance line (0.5 fib). ARK is postured very bullishly right now. It has been consolidating around the 0.618 fib at 59k satoshis. The next bullish impulse should send this to 65k satoshis.