ARKBTC ascending triangle
ARKBTC is showing a good resilience to BTC latest movements, bouncing from a strong support at 30k sats. It forms a bullish ascending triangle, which could indicate, if enough volume is there, a breakthrough through the ~38k sats resistance and further upwards movement. Also, we could argue that it has formed a cup with handle pattern inside the triangle, which can also be taken as a bullish sign.
ARK has a good dev team, which posts frequent updates on project development, and with some of its roadmap goals near completion, it could provide a needed spark for the breakthrough. Of course, always keep in mind BTC volatility until 14th of November.
ARK has a good dev team, which posts frequent updates on project development, and with some of its roadmap goals near completion, it could provide a needed spark for the breakthrough. Of course, always keep in mind BTC volatility until 14th of November.
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