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! :)
