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THE WORLD OF CRYPTOCURRENCY AT YOUR FINGERTIPS

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CryptoPlanet

THE WORLD OF CRYPTOCURRENCY AT YOUR FINGERTIPS

Content posted daily

Current Cryptocurrency Prices

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$ARK Trading Report

Here we can see the initial breakout of the triangle pattern. This was a very large ~64% move. Since then we have retraced back inside of the pattern where we have found support. We are looking very likely to break out upwards once again.

On the 1 hour chart, we can see that price has been in a falling wedge pattern with a potential Adam & Eve pattern occurring at the bottom area of the wedge. We appear to be breaking out of the wedge, a closure that confirms the Adam & Eve pattern would increase my confidence.

On the daily chart we can see that price has been respecting the boundaries of the channel resistance and supports for the entirety of the 2+ year downtrend. A break of the channel in the upwards direction is what we are expecting to happen sometime in the medium term. When this occurs we can expect a bull market to commence which will likely bring us to our previous highs.

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