Ark is one of the most under rated project to me and I feel it is going to do much better in future when they're fully on track with their project. So far they have fulfilled every single promise as per their roadmap which shows that the team is fully dedicated to their project. Anyway, let's talk about the price analysis of ark vs btc and possible price forecast.
Looking from a daily time frame prospective, Ark is nicely following a range bound movement (as shown in the chart with two yellow lines as resistance and support) and once it has also broken upwards of the channel hitting the high of ~122k satoshis and retraced back almost 55% from the all time high. At present its sitting at a support of the trend line from where it could possible bounce up soon. RSI has also broke ou after hitting triple bottom whereas MACD is also showing a bullish convergence. Here's our trade setup for ARK/BTC :
ENTRY : 44K TO 48K SATOSHIS
STOP LOSS : 38K
TARGETS : 60K, 72K, 83K
DISCLAIMER : THIS IS NOT A FINANCIAL ADVICE BUT THE BEST POSSIBLE PRICE FORECAST ACCORDING TO US. PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ACTIONS.
FOLLOW US HERE :
YouTube : www.youtube.com/chan...U8s_HUO2QYGQAERASMWA (FOR HINDI/URDU)
Telegram : t.me/joinchat/HV9ggw-FUt1cOiwX_n7qow
Twitter : Check out Coin Authority (@CoinAuthorityOG): twitter.com/CoinAuthorityOG?s=09
STEEMIT : steemit.com/vechain/@coinauthority/
GOOD LUCK! :)
Looking from a daily time frame prospective, Ark is nicely following a range bound movement (as shown in the chart with two yellow lines as resistance and support) and once it has also broken upwards of the channel hitting the high of ~122k satoshis and retraced back almost 55% from the all time high. At present its sitting at a support of the trend line from where it could possible bounce up soon. RSI has also broke ou after hitting triple bottom whereas MACD is also showing a bullish convergence. Here's our trade setup for ARK/BTC :
ENTRY : 44K TO 48K SATOSHIS
STOP LOSS : 38K
TARGETS : 60K, 72K, 83K
DISCLAIMER : THIS IS NOT A FINANCIAL ADVICE BUT THE BEST POSSIBLE PRICE FORECAST ACCORDING TO US. PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ACTIONS.
FOLLOW US HERE :
YouTube : www.youtube.com/chan...U8s_HUO2QYGQAERASMWA (FOR HINDI/URDU)
Telegram : t.me/joinchat/HV9ggw-FUt1cOiwX_n7qow
Twitter : Check out Coin Authority (@CoinAuthorityOG): twitter.com/CoinAuthorityOG?s=09
STEEMIT : steemit.com/vechain/@coinauthority/
GOOD LUCK! :)