Ark Out Of DownTrend, Falling Wedge And Bullish Setup

Ark (ARKBTC) has broken out of downtrend passively as well as above EMA10.

Uneventful as this chart seems, ARKBTC might be getting ready for an impulse move... Here is why:

• New all-time low hit on the 14th May.
  
• Trading volume going lower on the drop.
  
• Price action going flat.
  
• Now trading above EMA10.
  
• MACD bullish crossover.
  
• RSI uptrend.
  

ARKBTC is getting ready for action.
You can find all the details on the chart.

Conditions for change: If ARKBTC moves down and closes below 0.0000666 on the daily time frame, the above signals are invalidated.

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Namaste.

تعليق:

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