Where Is ARK Headed Next?
Kiana Danial | Feb 10, 2019 11:26PM ET
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.
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.
Now I’d like to hear from you and your thoughts on ARK’s protocol and recent gains. Head over to the comment section and let me know if you think the ARK’s bulls strong enough to keep the price going up, and if you think ARK has got what it takes to compete with TRON and EOS.
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