ARKBTC 1D. Long term down trend becomes support.

9 באוג׳ 2020ARKBTC on the daily time frame. Looks to be accumulating within a what appears to be the formation of a bullish ascending triangle. Above the 200EMA by quite some distance which in itself is testament to ARK's upwards drive. I'm keen to see what happens when price meets ascending trend line 'A'. Arguably price action on the daily is in no-mans land for a scalp trade but certainly a potentially decent price for the mid to longer term.