📌The whole previous week was rich in ups and downs since #bitcoin climbed above $ 9,000, thereby affecting virtually all the #altcoins that are traded with it in pairs. Arctic Coin, which twice tested the level of 1000 #Satoshi, did not become an exception, but unfortunately failed to consolidate it.
📌Today, we will analyze the weekly chart with a time integral of 1 hour.
📌The price, as predicted, came from the triangle up and made another test of key resistance levels (800-1000).
Over the past 2 weeks, #ArcticCoin has shown good growth rates both in price and volume trading. Now the price has moved to the zone of correction and testing of key support levels. Level 600 confirmed its strength and stood up, which is a very good sign that the price will not go lower. However, whether the price will go higher remains a question, since there was not formed a higher high.
📌According to the orders, it is clear that 600 is a sure level of support, which has already been repeatedly defended, it is worth paying special attention to it and placing its orders a little higher - in the range (620-650).
📌Indicators now show mixed signals, so we can not rely on them. But the price is still above 20 and 30 #EMA, which indicates the strength of this level.
#MACD crosses the signal line from the bottom to the top, which is a signal of a bullish trend, but a clear signal about uptrend has not yet been observed.
📌Support level 600;
📌The resistance level is 700-800;
📌Warrants for the purchase of 600-650;
📌Warrants for sale 850.