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ARKUSD Daily Chart. Brkout retracement. FInding new support
From the last all time high at $11.42, we've seen a market pullback and effectively finding new support level.
It may retrace back to previous support line at $6.30.
I still think that is still is in a bullish pattern base on the trending line, EMA, MA daily and weekly pattern.
If you are a long term investor, current price a good entry price. Short term trader, wait for confirmation on the support level and bounce.
Potential to hit $12 and beyond by the end of this month or end february is high.
It may retrace back to previous support line at $6.30.
I still think that is still is in a bullish pattern base on the trending line, EMA, MA daily and weekly pattern.
If you are a long term investor, current price a good entry price. Short term trader, wait for confirmation on the support level and bounce.
Potential to hit $12 and beyond by the end of this month or end february is high.
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