ARK will correct back down to its strong support line and then rebound from there. It will then look to surpass its line of support which will be a key area to see if it corrects again or not.
Hit the last target in one single day. The previous pumps of similar depth lasted weeks. Here is an optimistic yet easily imaginable scenario for the next major move upwards.
I'd say this chart speaks for itself. This coin popped up on Bittrex in the halcyon days of March 2017, back when $ETH was still under $50. It pumped, but like $CRW, didn't go crazy moon-time like $STRAT or $PIVX did. Instead it established the beautiful fractal pattern you see here. The longer they accumulate, the harder they... distribute? is that how it goes?...
I'd say this chart speaks for itself. This coin popped up on Bittrex in the halcyon days of March 2017, back when $ETH was still under $50. It pumped, but like $CRW, didn't go crazy moon-time like $STRAT or $PIVX did. Instead it established the beautiful fractal pattern you see here. The longer they accumulate, the harder they... distribute? is that how it goes?...
This is my first chart so if you have any tips feel free to pass them on.
I'm using the Elliot Wave Theory alongside Fibbonaci Retracements to show the Wave 5 upward trend of Ark currently.
Let me know your thoughts.
Breakout after spike of volume and BB's widening. Retest of downwards upper trend channel was successful and this becomes new support. Expect consolidation around this level before next level up. RSI curling up
Huge upwards potential
