Ark Update- Elliott Wave Counting, Major Bullish setup in progress, Technical Analysis (charts)

If you look on the larger time frame you can notice that ARK had 5 major waves followed by huuuge ABC correction. ATM the price is withing the wave C of ABC correction. Once the ABC correction is done, it won't be long till next 5 wave uptrend

What is EXTREMELY pleasing to see is that this ABC correction has formed a MAAAASSSIVEE cup and handle which is extremelly bullish pattern. In addition the handle consists of a massive falling wedge ,which is once again another super bullish indicator

At the moment ARK/BTC remains in a major falling wedge (bullish pattern), and price is forming final 5th wave within the wedge with target of around 34k satoshis. This will also cause indicators to reach oversold levels on daily time frame, which is strong bullish indicator. After completion of the final wave I expect a strong impulse breakout from falling wedge which will account for beginning of a new uptrend.

Overall, I am supper bullish on ARK at the moment and in the near future, especially considering that they have so much tech potential that they have been quitely working on, once they start being a little more media oriented...BOOM
Or not, don't take my words for granted

Always use stop losses!!!
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