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Ark price is too optimistic. It's still moving in a bullish channel (higher high, higher low). Time to correct to a lower level.
An ascending triangle, a continuation pattern. Often a 'bullish' chart pattern. Buyers are waiting for a (upside) breakthrough...
Just like BTC a descending triangle too. Will it be a positive or negative break-out?
It's look like Bitcoin is correcting to the blue box. Price target is around 3770. It's also the 38,2% fibonacci retracement (1830-4979).
Bitcoin is still correcting. The 4-hours graph is forming a descending triangle. A positive break-out will start a new uptrend.