Traders Of The Lost ARK - Where’s The Crypto Headed Next? [Video]

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.

 


 

For more from Invest Diva, click here

BEST BROKERS TO TRADE CRYPTO

HIGH RISK Investment Trading forex (also known as foreign exchange or currencies) on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, risk appetite, and the amount of your expendable income. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should ONLY invest money that you can afford to lose! You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Forex Diva Trading Opinions Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and education, and does not constitute advice. Forex Diva will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.