Panjang
Ark Is Breaking Above All-Time High
On the 14th of September Ark has produced an all-time high, hitting $4.6 mark. Since then ARK/USD has declined slightly and has been in consolidation mode, trading between $2 support and $3.2 resistance.
On the 3rd of November Ark broke above the downtrend trendline, and then above the 200 Moving Average. Clearly, the price started to produce higher highs and higher lows and stayed above the 200 MA consistently.
Looking at the Fibonacci, applied to the corrective wave after the downtrend trendline breakout, the 127.2% and 327.2% resistance levels were penetrated and then acted as support. Yesterday Ark rejected the 327.2%, that is $3.8 and immediately produced an all-time high, hitting $4.95.
As the trend remains bullish a continuation of it should be expected. First upside target is seen at $6.2, that is where two Fibonacci are inline with each other. 827.2%, and 161.8% Fibs applied through Sep - Nov corrective wave down. Only a break and close below the $2.8 could invalidate bullish outlook.
On the 3rd of November Ark broke above the downtrend trendline, and then above the 200 Moving Average. Clearly, the price started to produce higher highs and higher lows and stayed above the 200 MA consistently.
Looking at the Fibonacci, applied to the corrective wave after the downtrend trendline breakout, the 127.2% and 327.2% resistance levels were penetrated and then acted as support. Yesterday Ark rejected the 327.2%, that is $3.8 and immediately produced an all-time high, hitting $4.95.
As the trend remains bullish a continuation of it should be expected. First upside target is seen at $6.2, that is where two Fibonacci are inline with each other. 827.2%, and 161.8% Fibs applied through Sep - Nov corrective wave down. Only a break and close below the $2.8 could invalidate bullish outlook.
Nota
Ark at the supportNota
should be ready now to move towards the targetDagangan ditutup: sasaran tercapai
Nota
Resistance broken, going higherNota
No resistance acted as support!Nota
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.