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.
* 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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.