Updated
Falling wedge ARKBTC
Looks like a falling wedge with ARK, they are doing a lot of goo things on the fundamental front, so keep an eye on this one.
Trade active
Note
Short down to 890 area max and if the support area holds accumulate for the breakout up to 1100+. Notice low volume for the up and down wave, should see some volume return on this after the wedge runs it's course. If price goes outside the wedge by too much it will be invalidated.Note
We had a breakout of the falling wedge, i think its a false breakout and will return to trading within the lines.Note
It traded above the upper trendline for a while using it as a support. The support broke and touched the bottom trendline with a strong rebound a breakout.
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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.