Ark (ARKUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Ark began a wave one advance in March 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 10 this year, and the red wave two (blue sub-waves a-b-c) correction ended on April 1. If this wave count is correct, Ark should be heading next towards the January 10 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Ark is an all-in-one blockchain platform that can connect to other blockchains, creating a vast network of linked blockchains. The Crypto Lark hosted Mike Doty from Ark last week.
(Sources: https://ark.io/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ark will takeout the January 10 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ark will drop below the April 1 low".
If you think Ark is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ark will stay in a trading range between the April 1 low and the January 10 peak until May 25".
You can upvote the comment until 3 PM EST April 22 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus
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