Elliott Wave Pattern 3x on 5th might repeat by midlate February
My take of a Elliott Wave Pattern with a repetitive short third wave and a huge fifth wave structure on the USD Price of ARK.
ARK could be in a temporary downtrend moving in the drawn channel with lows in the 5.5-6.5 USD range due to Bitcoin Price Action (fall or rise) in the upcoming weeks.
When the wait for the release of the network stabilizing and issue fixing Ark Core V2 and implementation of ACES comes to its final days a rerun of the pattern might occur.
Longterm remains Bullish as further down the road, probably during next wave 3 and 5 of the Elliott Pattern ARK releases and implements Push Button Deployable Blockchains and ARKVM which will lead to wide distribution and spiking volume.
Goal >$28 by Q2 2018.
ARK could be in a temporary downtrend moving in the drawn channel with lows in the 5.5-6.5 USD range due to Bitcoin Price Action (fall or rise) in the upcoming weeks.
When the wait for the release of the network stabilizing and issue fixing Ark Core V2 and implementation of ACES comes to its final days a rerun of the pattern might occur.
Longterm remains Bullish as further down the road, probably during next wave 3 and 5 of the Elliott Pattern ARK releases and implements Push Button Deployable Blockchains and ARKVM which will lead to wide distribution and spiking volume.
Goal >$28 by Q2 2018.
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