Ark has finished off its Wave 4 retracements and will start Wave 5 soon.
There is a possibility of sideways movement.
However, I believe that wave 5 (because wave 3 was extended) will not be as big but still, the opportunity is there.
Not a short term trade idea. Maybe 1 - 1.5 month.
Note: Ignore the waves drawn out with orange lines. It is just meant as visual aid from start to end of wave 5.
There is a possibility of sideways movement.
However, I believe that wave 5 (because wave 3 was extended) will not be as big but still, the opportunity is there.
Not a short term trade idea. Maybe 1 - 1.5 month.
Note: Ignore the waves drawn out with orange lines. It is just meant as visual aid from start to end of wave 5.
Comment:
If ark price reaches below .00069, trade will be closed, til then its active in my books.
Trade active:
Huge bullish confirmation.
Trade closed: stop reached:
Price broke support channel. Next support is the bottom of the turquoise channel. Hopefully, we will see it go back inside the blue channel. Will keep an eye out.
Comment:
Lets see if it can get back into the blue channel.
Comment:
Ark market was manipulated by Oxycoin Ico.