#ARKUSDT 4H idea.

Current price for $ARK is $1.3926. Trading volume over the last 4 hours has seen significant fluctuations, with a current volume of 11,140,652. ATR stands at 0.0940, indicating low volatility.

TECHNICALS:

• RSI is at 55.00, indicating a neutral stance, neither overbought nor oversold.

• Stoch K is at 21.00, suggesting a bearish sentiment.

• MFI is at 38.00, indicating a moderate level of selling pressure.

• CCI is at -68.00, signaling a bearish sentiment.

• Williams %R is at -65.00, suggesting the market is not in extreme overbought or oversold conditions.

MOMENTUM:

• The 10-period EMA is bearish, while the 25-period, 50-period, 100-period, and 200-period EMAs are neutral.

• The 10-period and 25-period SMAs are bearish, while 50, 100, and 200 SMAs are neutral.

• ADX is at 37.32, indicating a strong trend.

• ADI shows that +DI is greater than -DI, suggesting a bullish trend.

• MACD is in a bearish crossover, indicating potential downward momentum.

• PSAR is bearish, suggesting a bearish trend.

OVERALL CHART BIAS:

The technical indicators for $ARK on the 4-hour chart show a mixed picture with a neutral to slightly bearish bias. The ADX signal suggests a bullish trend, but the bearish crossover in MACD and bearish PSAR indicate potential downside momentum.

Bearish pivot still remains the same for me at $1.3535. It was penetrated earlier but market was unable to close below it, a fake out.

FVG still needs to be filled out, and if bearish down trend progresses, then I see a touch at the $1.1 zone eventually.