ARK is a newly listed coin on Binance future perpetual and ithas being forming an head and shoulder pattern which clearly broke neckline already.... For me, I'm still expecting a retest of the above bearish order block before downtrend to the below bullish OB n 1hr time frame... So, for that reason i'm taking from the order shows on chart before taking short...
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price likely topped in an abc structure and came down impulsively breaking relevant support levels. price then came up in 3 waves only into the resistence level for the second wave(suggesting a corrective move to the upside). therefore it is valid to count this as a valid 1-2 setup. the relevant short area for this setup is the black fibbonacci box and the target...
ARK hasn't been very famous lately but somehow it ended up in my list a few weeks back... The chart looks good.
While RSR and GTC produced a lower low in June vs January, here we have a higher low.
ARKUSDT hit bottom at $0.1850 in December 2022 while the recent low, June 2023, happened at $0.2084. This is a signal of strength.
Since we are entering the...
