Brief TA and overview of ARK. Due to bull rally of BTC, Altcoin value is going down, sometimes below all expectations. So keep in mind, that TA helps to understand possible scenarios for both growth and decline, but it can't determine the future.
Let's see likely and possible scenarios for short and mid-term game:
-Downward trend continues till 0.000445 and starts reversal trend. At this point, this scenario is less likely to happen, due to continuous BTC growth.
Or
Downward trend continues till 0.00032 - 0.0035 level with quick recovery to 0.00056 - 0.00058 level. If it would be able to sustain growth in that direction for several days, then next stop would be at 0.00086 level.
Also, it's possible that after reaching 0.00056 - 0.00058 level it will return to its current value - 0.00047 - 0.00050 level or even lower.
Good sell zones are indicated by red circles, and buy zones by green circles.
Keep in mind that right now, market solely depends on BTC bull rally, and TA will help you to determine best sell/buy points, but it can't tell the future.
This is short-mid term analysis, based on 4-hour scale, and best matches for 3-14 days strategy
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Good luck, and thank you for reading!