ARK Breakout Requirements: 4Hr Time Frame Analysis
Updated
ARK is testing its current support at at 38,800 satoshis.
If it can produce some green candles to confirm this reversal, then it will be a great entry signal. Alternatively, you could enter when it breaks 43k and ride it to 48k test (or hold for it to break)
It should test the resistance at 43k/48k.
If it can break those resistance levels, then it could continue up to 60k for Wave 3 as discussed in my previous analysis.
I will keep you all posted on the developments that I see.
I have entered a position into ARK as my largest hold. Let's hope this works out as planned!
DISCLAIMER:
Take this advice at your own risk. Good luck and happy trading everyone! :)
If it can produce some green candles to confirm this reversal, then it will be a great entry signal. Alternatively, you could enter when it breaks 43k and ride it to 48k test (or hold for it to break)
It should test the resistance at 43k/48k.
If it can break those resistance levels, then it could continue up to 60k for Wave 3 as discussed in my previous analysis.
I will keep you all posted on the developments that I see.
I have entered a position into ARK as my largest hold. Let's hope this works out as planned!
DISCLAIMER:
Take this advice at your own risk. Good luck and happy trading everyone! :)
Note
ARK just broke the 30min timeframe equilibrium pattern. Uptrend confirmed.Note
ARK looks to be attempting to break 38.8k supportAs long as it can stay above KEY support of 34.6k, then there are no red flags to sell.
Note
ARK looks to have found support at 36.5kMy 4 hour chart:
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