Topic: Arctic Coin (ARC), No premine, Evolution over 1 year - page 8. (Read 81837 times)

🔹Now the #cryptocurrency market is in instability, many coins are experiencing a crisis and very large losses, both in capitalization and in price. This situation unfortunately also affected #ArcticCoin.

🔹Today we will discuss the two-week schedule with a four-hour interval. This chart shows that the price forms a descending triangle with very strong support at the level of 600. This level now plays a key role for the further direction of the price movement as after the breakdown of the triangle and it will be known where the trend will rush in the next 2-3 weeks.

🔹From the glasses of warrants it is evident that the large #ArcticCoin holders are interested in keeping the price at the level of 500-600 #satosh, which is confirmed by large aggressive orders.

🔹The main goal that the coin is now pursuing is attracting traders and increasing trading volumes, as soon as the situation begins to move in this direction it will be possible to open long positions. Moreover, there are expected very good news for the ArcticCoin holders, that would change the market situation.

🔹Indicators

🔹 #MACD crosses the signal line from the top down and indicates the sale is the same with the #EMA, which is much higher than the price chart.

🔹 Support level 500-600;
🔹 Resistance level 750;
🔹 Orders for the purchase of 500-550;
🔹 Orders for sale 650.

🔶The triangle was knocked down, which still confirms the fact that there is a bearish trend in the market, but the "inverted hammer" candle indicates that this level can become a starting point for an upward movement.

🔶 The level of 500 was upheld and all those who listened to my recommendation to issue their orders in the range of 500 to 750 earned from 20 to 40% of the profit during 5 days.

🔶Now the price is likely to go into the flat and will move in the corridor from 400 to 800, where we can still quite well earn if you correctly place your orders for purchase and sale.

🔶The price chart has moved below 200 EMA and as long as the chart is below this level, the bearish trend will continue and this level will enter resistance.

🔶MACD shows mixed signals, but in the short term there are signals about purchases.

🔶The main indicator that will now be the most important is the volume, with the increase of which it will be clear where the price will subsequently move, if the price will fall with the increase in volumes, then the drop will continue, and if the purchases prevail, then quite good growth will be possible.


🔶 Support level 700;
🔶 Level of resistance 1000;
🔶 Orders for the purchase of 500-600;
🔶 Orders for sale 900.

▪️#Cryptocurrency has been terribly stormy lately. Because of the uncertainty with the price of #bitcoin, the market is experiencing a massive drop in prices for #altcoins, many of which lost more than 50% of their price in the last 2-3 months.

▪️The price of Arctic Coin also couldn’t stay at the level of 900 and made the breakdown of the triangle down, which indicates that the bearish trend still returned. But as we all already know, if we know the direction of the trend, we can also earn some money.

▪️Let’s analyze what is happening now with the price of #ArcticCoin and determine the trading strategy for the next week. Let's look at the price chart for last week, it shows that the price overcame the key support level, which corresponded to the level of Fibonacci extension 23.6 and now moves in the descending rectangle.
MACD crossed the signal line from top to bottom and indicates a sale, the same situation with the EMA, which is much higher than the price chart.

▪️We consider the “to buy” glass. From 500 to 800 in a blue glass now there is a proposal for the purchase of 200,000 #ArcticCoin, in a red glass from 800 to 1500 there are 75,000. That indicates us that the bulls at any time can easily raise the price in 2 or even 3 times, the question remains only in which of the punch will this move upwards 750? 500? or 250?
How can you profitably trade under the current market situation?

1. Watch the news and the movement of the #bitcoin price.
2. Trading on the levels of #Fibonacci 750-500, you can safely put a buy order.
3. Purchase on the so-called panic sale, placing orders below the key levels (400-300).

▪️ Support level 750;
▪️The level of resistance is 1000;
▪️Order for purchase of 500;
▪️Order for sale 900.