Bittrex has more info on Ark's extremely long correction, as Ark was added to Binance right before Wave A completed. I believe we are near the end of Wave C and the entire correction in general. Sub wave 3 of Wave 5 is almost complete. I don't expect sub wave 3 to break below 18490 sats
as that was the point of support for Wave A, but I'm giving it room to possibly go to 17300 sats
before triggering my stop-loss. I'm looking for a decent bounce during the first half of July to at least to 26000 sats
, but I'm hoping for something closer to 29000 sats
. Then by late July I expect one more subwave down. I'm not sure how far it'll go, but I do expect the correction to be complete sometime in August. At that point, it depends on what BTC
does. Either we will be in a state of accumulation for a while or we'll take off alongside BTC
. Either way I don't expect any major sell offs after August until we get a substantial bull run so put your Ark in your wallet and collect that amazing 10% ROI
for staking while we wait for the next crypto rally.
Subwave 3 Buy Zone: 20000-18490
Subwave 3 stop-loss: 17300
Subwave 4 target1: 26000 target2: 29000-32900
I'm not a financial advisor so do DYOR and don't follow my analysis blindly. Good Luck!