This is a time of changing🌎The Arctic Coin team is working on update and rebranding for a long time. Recently we have approved the final version of the new company logo, which you can observe with us now. This is the first step towards the bright future of our coin. Very soon we will share more global news regarding our project’s improvement🌟
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📌Today, the situation at the #cryptocurrency market looks quite sad, if not to say that it is critical. The market has lost more than 2/3 of its capitalization and almost all #altcoins are in a steep peak down.
📌Chart of advertising #ICO became the strongest blow for the cryptocurrency market, from which the market will not recover soon, if the situation won’t change in a positive direction. But we shouldn’t be upset, because for the trader - the main thing is to determine in which direction the movement is going, and the rest is a matter of technique.
📌Today we will analyze a two-week schedule with a two-hour time interval.
The price of #ArcticCoin is now still locked in a rectangle and is in the flat.  This situation, according to my opinion is quite good, given the fact that the rest of the market is falling chaotically. Arctic Coin can be used as an #asset in which you can wait for this fall.
📌The blue glass looks positive because it has both passive and aggressive buy orders. The red glass is almost empty to the level of 700.
📌#MACD points to the south, and the price chart is below the #SMA with a period of 50 and #EMA with a period of 20, which indicates short-term sales.
📌Now, it is difficult to predict the further development of events, since everything will mainly depend on the further movement of #BTC.
📌Therefore, now the key moments will be monitoring at what level will find the bottom of BTC, and for Arctic Coin this will be the levels of #Fibo, which must either be defended or be violated. This is the level of 23.6 on a 3-month chart, the breakdown of which in the long term will lead to a price uptrend, or level 38.2 on a two-week chart, which will indicate a positive trend in the short term.

📌 Support level 550-600;
📌 Level of resistance 750-800;
📌 Orders for the purchase of 550;
📌 Orders for sale 800.

Happy mining !

🌐Recently #ArcticCoin shows positive dynamics and signs that the bearish trend is behind us. Let's analyze the price movement chart for the last week. We can see on it that the price was able to overcome the key resistance levels and gain a foothold at the level of 500 satosh, but ahead of the bulls there is still a lot of work, since for the final transition from the flat to the bull trend still needs a couple of efforts. Namely: to overcome two levels of Fibo 38.2% and 50%, after the breakdown of which you can safely say that the bullish trend has resumed.
🌐The indicators show mixed signals as the #MACD moves parallel to the signal line and hasn’t yet determined the vector of its further direction.
The price chart is above 50 -#SMA, which now acts as a support line, which indicates the strength of bulls in the short term.
🌐Also, if we analyze glasses of orders, we will see that buyers began to actively strengthen their positions at the level of 500-550 #satosh, and sellers in their turn retreated as there are practically no sell orders, which is likely to lead to further price growth to 600-650 satosh. The only factor that can stop the price movement up at the moment is the drawdown of the #bitcoin price, which in its turn will pull the rest of the cryptocurrencies.
🌐Support level is 500-550;
🌐The resistance level is 600-650;
🌐Warrants for the purchase of 550 and above;
🌐Warrants for sale 700.