We've seen gains in Ark like we haven't seen in some time recently. It might not be as impressive as the thousand percent or more that we've seen on other alts that might not be as deserving, but those that have held Ark for a long enough period will know that it is a slow mover and the expectation is that March/April when the ARKVM and other key releases take place will be when it truly has its day.
Regardless, you can't ignore that Ark has been one of the most predictable assets in the market since it's launch, so below is my estimation of where the price trend is currently up to.
Each ellipse colour and number matched, represents corresponding sequences in the price action from different times. If we are following the usual rules of engagement for Ark, given there is money ready to invest in alts and that Ark is long overdue a price correction, I'm of the belief we may well see a 100% increase in price over the next week or two.
Should this not happen and Ark simply consolidates at it's current price levels or returns to lower support, it will still be a massively undervalued cryptocurrency in my eyes.
Daily view of Ark with price sequences marked and matched by colour and number
See below from a previous post where I believe we see correlation between Ark all time highs (ATHs) and BTC lows
This is just one view of Ark and is not financial advice. You should always do your own research and only invest what you can lose to afford.
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