ColtenjWeaver

Ark showing a solid upward channel to new uptrend.

BITTREX:ARKBTC   Ark / Bitcoin
Ark has an amazing upward channel in the 4h hour chart allowing for a great ride up to the 50% fib line. Now would be a great buy in or for Ark to test the 38.62 fib. It's had a fairly large correction of nearly 80% from it's high to low. Previously Ark's first big uptrend lasted 46 days, if this upward momentum can continue I would look to hold Ark over the next month as there is some serious buyers confirmation apparent.

Signs of upward moment and price strength confirmation include:
Holding strong above the 50, 100, and 200 daily SMA .
Positive cross on the daily MACD .
RSI above the 50 line (could see a slight price drop in the next few hours as it is nearing the top line)
Each bottom before an uptrend is getting higher than the next. Meaning higher lows and higher highs.

Let me know what you all think of this TA of ARK! :) -CJW

How long, bro!
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ColtenjWeaver doanguyen
@doanguyen, Hold off on buying, it's appearing to have a false uptrend. Wait to enter until it can close again above the 23.6 fib
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