Updated
ARK - Could it be ready to go again?!
Ark has been on fire this February. It has gained 60% in BTC value and has a very nice pennant forming at the moment. Typically these continuations patterns "continue" in the direction they entered the pattern. In this case, UP! The MACD also looks good and is finding support at the zero line. The 100MA has also acted as support several time for the price so watch to see if we catch or break this level. If Ark breaks to the downside, look for it to find support along the green uptrend line.
Note
Good spot to load up. Breakout confirmation and the MACD is turning bullish. Could be ready for another spike if history repeats.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.