Ark is one of the few coins that has shown growth today.
Would we buy it now - no, and here's why:
1. The ARKUSDT price has entered a powerful liquidity zone, where longs were recently taken, with the idea that the pump will continue. And now, there is a good chance that the sales portion will increase in the range of $0.90-1.15.
2. The Double Bottom pattern has almost reached its maximum growth. There's not much left to $1.35.
3. After the pump in the fall of 2023, the price of ARKUSDT corrected by -66%, which may have been the bottom. But as practice shows, after a pump, altos can and do correct by -70-80%.
So, in our opinion, from the current ARK price ratio of a possible +40% increase and a possible -50% drop is not the best.
_____________________
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Would we buy it now - no, and here's why:
1. The ARKUSDT price has entered a powerful liquidity zone, where longs were recently taken, with the idea that the pump will continue. And now, there is a good chance that the sales portion will increase in the range of $0.90-1.15.
2. The Double Bottom pattern has almost reached its maximum growth. There's not much left to $1.35.
3. After the pump in the fall of 2023, the price of ARKUSDT corrected by -66%, which may have been the bottom. But as practice shows, after a pump, altos can and do correct by -70-80%.
So, in our opinion, from the current ARK price ratio of a possible +40% increase and a possible -50% drop is not the best.
_____________________
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🎁 -20% for ALL trading fees at #OKX 👇
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🔥 V-I-P 👉 t.me/P_S_trade_menue_bot
🔵 Telegram 👉 t.me/pstrade_eng
🤖 Trading Bot 👉 copytrading.space/en/
📞 t.me/P_S_trades 📝
okx.com/join/20PSTRADE
🔥 V-I-P 👉 t.me/P_S_trade_menue_bot
🔵 Telegram 👉 t.me/pstrade_eng
🤖 Trading Bot 👉 copytrading.space/en/
📞 t.me/P_S_trades 📝
Related publications
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.