My 4 hour call was off but I was looking at this daily chart and I just realized that ARK showed a Bullish Engulfing Candlestick Pattern - which is a signal for trend reversal.
After a downtrend, it should look to recover.
Currently, it's following these Elliot Waves and this Fibonacci Retracement.
Needs to break 48k sats to confirm wave 3.
I believe this last low is the higher low and it is in a great position to start Wave 3.
DISCLAIMER:
I'm relatively new to trading so take this advice at your own risk. Any advice/feedbacks/comments are greatly appreciated! :)
After a downtrend, it should look to recover.
Currently, it's following these Elliot Waves and this Fibonacci Retracement.
Needs to break 48k sats to confirm wave 3.
I believe this last low is the higher low and it is in a great position to start Wave 3.
DISCLAIMER:
I'm relatively new to trading so take this advice at your own risk. Any advice/feedbacks/comments are greatly appreciated! :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.