Ark Recovers Nicely | Long-Term Targets Mapped (230%+)

2 Agu 2020

The chart for ARKBTC continues to be solid/strong.

• Last week, when a Doji was printed, we saw a test of EMA50.
  
• This week, prices tested EMA10 but quickly moved back up.
  

Now we have ARKBTC trading above EMA10 and EMA50 on the weekly timeframe which we call solid and strong.

• The MACD stays above zero and the signal line; bullish.
  
• The RSI is really strong above 70.
  

We saw Bitcoin drop over $1600 in one candle and now is trading $1000 below the recent peak, yet this altcoin pair like many others continue to recover and its price is very likely to increase.

Here we have over 230% potential mapped with mid/long-term targets... This pair can do much more in the long run.

Any trading above EMA50 and we remain strongly bullish on ARKBTC.

Thanks a lot for reading.

Namaste.