This is a really good observation and lesson, there was a large wedge formed from the start of 2022 until May 2023, if you take the largest width of that wedge and apply it where there is a breakout of that wedge, you get the distance of where the breakout can run to.....in this case, I have shown from the white ovals, and the price action has done just that and appears to have topped out at $8 for now.
$ARK has been adding here over the last few months and their risk appears to be paying off, I am not sure of their average however.
Frank
2023-07-02 20:48:34 +0000 UTC