ARK’s Price Action Analysis

Looking at ARK’s price action on the charts, the token corrected most of the gains on Sunday. However, it did manage to break above the Ichimoku Cloud for the first time since November 2018. But this time in a very strong bullish sentiment.

Chart

If history is any indication of future market behavior, we could expect ARK to reach the pivot level of $1.16 after it’s finished with the pullback. That is precisely how the Ichimoku strategy could work for traders of this token. However, looking at IDDA’s third point, we’d need a much stronger bullish sentiment for it to reach the highs of last May at $4.00.

 


 

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