Short Term Sub Wave 4 Trade Approaching
Bittrex has more info on Ark's extremely long correction, as Ark was added to Binance right before Wave A completed. I believe we are near the end of Wave C and the entire correction in general. Sub wave 3 of Wave 5 is almost complete. I don't expect sub wave 3 to break below 18490 sats as that was the point of support for Wave A, but I'm giving it room to possibly go to 17300 sats before triggering my stop-loss. I'm looking for a decent bounce during the first half of July to at least to 26000 sats, but I'm hoping for something closer to 29000 sats. Then by late July I expect one more subwave down. I'm not sure how far it'll go, but I do expect the correction to be complete sometime in August. At that point, it depends on what BTC does. Either we will be in a state of accumulation for a while or we'll take off alongside BTC. Either way I don't expect any major sell offs after August until we get a substantial bull run so put your Ark in your wallet and collect that amazing 10% ROI for staking while we wait for the next crypto rally.
Subwave 3 Buy Zone: 20000-18490
Subwave 3 stop-loss: 17300
Subwave 4 target1: 26000 target2: 29000-32900
I'm not a financial advisor so do DYOR and don't follow my analysis blindly. Good Luck!
Subwave 3 Buy Zone: 20000-18490
Subwave 3 stop-loss: 17300
Subwave 4 target1: 26000 target2: 29000-32900
I'm not a financial advisor so do DYOR and don't follow my analysis blindly. Good Luck!
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.