Ark (ARK/USD) Price Analysis: Considerable Buying Probable

Summary

The MACD line is above the signal line, which is a bullish sign. The 12 day EMA is above the 26 day EMA, which is a bullish sign. Resistance 1: 0.209, Resistance 2: 0.213, Resistance 3: 0.219, Support 1: 0.198, Support 2: 0.194, Support 3: 0.188.
[coinmc type=”chart” coin=”ARK”]

Pivots

Ark has no signs of slowing down as it continues to climb above its third resistance level at 0.219, As a powerful move, the price has the potential to climb higher.

MACD

As a sign of strength, the MACD is above the signal line. Momentum is therefore in the bulls favor.
The MACD is a popular oscillator that gives buy and sell signals from the convergence and divergences of moving averages. The signals given by the MACD (or any oscillator) should be confirmed by other factors before expecting a reversal or continuation of the trend.

RSI

Looking at the RSI, it shows a value of 65.8. This value means that bulls are still in control. The appreciable momentum may also help push the price over the resistance zone.
As a banded oscillator, the RSI moves between 0-100. The RSI indicates overbought and oversold conditions with readings above 70 for overbought and below 30 for oversold.

ATR

Independent from price, the Average True Range (ATR) is an indicator used for measuring volatility. The indicator can measure the degree of interest or disinterest of price movements by market participants. A breakout or trendline violation can be confirmed with a high reading on the ATR.

Prediction

Future prices can be calculated from today’s pivot points. Prices for tomorrow: high, 0.245, low, 0.215.