WHAT'S NEXT AS $ARK STUMBLES DUE TO ITS NEWLY DETERMINED MAJOR RESISTANCE?
For the past two months, ARK has been trading below the prior significant support, which is currently seen as a recently formed resistance. This indicates that vendors are more motivated to lower their pricing for a discount. However, the attitude surrounding the cryptocurrency sector is currently very bullish. Additionally, ARK's response has beyond sellers' expectations. The issue at hand is that it may be rejected from this place or shaken out altogether. As a result, ARK may continue to test the resistance before executing another price action after a 70.60% advance. It would be wise to hold off on trading from this crucial level until the next reaction occurs.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
