ARKK - Falling Trend [MIDTERM]- ARKK has broken through the ceiling of a falling trend channel in the medium long term.
- This indicates a slower falling rate initially, or the start of a more horizontal development.
- An inverse head and shoulders formation is under development.
- A decisive break of the resistance at 46, ideally with an increase in volume, signals a further rise.
- ARKK is between support at 37 and resistance at dollar 44.
- A definitive break through of one of these levels predicts the new direction.
- ARKK is overall assessed as technically slightly negative for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
ARKK
Is it worth waiting ?We tend to think rationally this way, if the price can/will goes down to 0.80 , why do I want to buy at $1 ? The million dollar question is IT MAY or IT MAY NOT. If you are so certain, then probably you would pawn everything you had and go ALL IN and make a big bet out of it.
The reasons you hold back is the question of "WHAT IF" I am wrong ? Call it fear, margin of safety or being cautious, I think it is the right thing to do especially in investment. You probably also take time to save up these money in order to invest so you want to play the game right !
So, will the price fall to the dotted line as I have shown on the chart or will it rebound from here ? If it does and continue to rally, then months later, you would kick yourself in the butt for missing a few cents opportunity cost !
However, it may fall through the support line as well as sellers continue to dominate this ETF, who can tell for sure ?
There are many products to choose from in the market , so spend your time , do your research and if you want to bet on it, start small and accumulate along the way. I speaks for myself since I am interested in many products (or call me greedy) so I would diversify quite widely, haha.
ARKK UpdateCathie's ARKK continues to sink, lol. I told everyone to stay away from this garbage.
Biggest holdings are ZM, EXAS, TSLA, ROKU and SQ. TSLA really tanked this garbage, it was the only thing propping it up until recently.
No position, I just think it's hilarious anyone actually buys this fund. How does she even have a job? WHy do people keep interviewing her like she knows anything?
Anyways, 5 year negative return now. We should see the market bump up a little next week, so maybe this goes even for 5 year return, lol. A blind monkey throwing poop can pick stocks better than Cathie.
ARKUSDT short opportunityARKUSDT remains in the downtrend.
Both in a short-term and long-term perspective we're expecting the downtrend to continue.
Recently Binance delisted ARKBTC trading pair which is not a good sign for this project when it comes to long-term predictions.
On the lower degree the price remains under the downsloping resistance line creating lower highs. Support at $0,277 were holding pretty well, however it was tested already so many times that we expect it to break at some point.
How to trade it:
You can short rejections below the downsloping resistance line (put a stop loss above this yellow line once you enter your short) or you can wait for a price to break the support at $0,277.
Target for shorts / entry for long: $0,251
As this coin is easy to pump by whales as it's very illiquid market , don't do higher than 5x leverage.
Good luck
ARKK - Still looks concerningHello friends, today you can review the technical analysis idea on a 1D linear scale chart for ARK Innovation ETF (ARKK).
The chart is self-explanatory. I have been providing warnings since December 2021 so I hope you followed along.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics
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ARK Worth investing into this long-term Bullish DivergenceThe ARK Innovation ETF (ARKK) has been holding the 33.30 Support since the October 10 1W candle. As shown on this 1W time-frame, this is the Support that was formed on the March 16 2020 low during the COVID crash.
Perhaps the most important development here is that, while the price has been on Lower Lows since June 13, the 1W RSI has been on Higher Lows, flashing a huge Bullish Divergence. Holding the 30.30 Support is a strong signal that the market may have bottomed and a strong rebound is about to begin.
The first Resistance is the 1W MA50 (blue trend-line) and the Q1 target for us is the 1D MA200 (orange trend-line), which had the last major rejection on ARK (March 28). It is interesting to observe how strong Resistance (and Support) levels the Fibonacci lines have formed during this 2 year correction, especially in the upper bands. They can be used as targets later on after the 1W MA50 and MA200 break.
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I wasn't bearish enough on $ARKK, going to $22 before bouncingARKK is complete garbage with many of the stocks in the ETF now breaking to fresh lows. I originally thought we'd bottom in the $45 range (you can see how that panned out in the previous analysis below), but it turns out I wasn't bearish enough. Now, I think we're likely to see a capitulation move down to $22 before it starts to recover.
If we look at the chart, ARKK broke through it's final support and now the only thing that can hold it up is the minor support at $35 that's already been tested multiple times. Because of that, the support is weak, and if it breaks that support, there's nothing keeping it from freefalling down to $22. ~50% drop from here? I think so.
If you're already long in this, set a stop under $35 to prevent yourself from losing a lot of money quickly.
ARKK Continues to SinkTSLA lost support and it's the second biggest ARKK holding. I told you months ago that this crap fund would underperform the market because she's trying to catch the proverbial falling knife on garbage stocks. While the market rotates into money making stocks, she's buying money losing garbage:
finance.yahoo.com
Worse yet, the few stocks she owns that actually make money (TSLA, ZM, SQ) are underperforming as well. Before you buy this garbage, look at their holdings:
ark-funds.com
No idea why people keep interviewing her, she's just a bubble stock chaser with no idea how to trade a bear market. She's just praying for a Fed pivot, lol.
No position, though I have been doing some short term trading in SARK recently.
Arkk is the tip of the spear to monitor growth names #arkkFollowing ARKK to see when the selling in the bear market will end and hope to pick out from the carcass. Earnings expectations have come down on many names but the broad market as measured by sp500 is still expecting growth for the forward years. If we do get recession, the Earnings forward expectations may have to change. ARKK IWF SNAP PLTR BTCUSD SPY DIA
ARKK: looking more buoyant, but could take on water againOpinions aside about ARKK, despite being a toxic mess (sorry, I could not avoid an opinion), the only thing that matters is 39.79 (RED) . Prices have failed to get back above it convincingly, and unless they do, gravity will take hold. Neutral for now, awaiting what the market decides to do, but our edge is knowing the price level from which to decide.
ARKK sinking ship alertCathie's PoS fund can't rally because it's all money losing garbage stocks aside from TSLA. Rising rates will probably bankrupt half the companies in her portfolio.
If this breaks support it's all over for Ponzi Woods. The only reason why a lot o those stocks went up is because Cathie bought a shitload. She's just another Bill Hwang.
No position, just love laughing at Cathie. Whatever you do, don;' buy this fund without doing due diligence. Look at the holdings.
S&P500 Inverse Head and Shoulders measured move above 4,000Taking into consideration FOMC next week and the mid-term elections shortly after...
I believe we will see 75bps added on interest rates and 50bps or even a " pause " in December, and this will bring a strong relief rallie on the markets, and especially risk-on assets like Bitcoin (late Q4)
The FED doesn't have much more room to hide, and they will soon have to give some clarity about what's going to happen moving forward.
The markets should carry on a short-term uptrend.
Why?
- Buying votes and the FED needs to take a decision. " Semi-pivot " perhaps...
Keeping the markets happy at least for a moment. It always happens.
For several weeks, Joe Biden has been buying votes left & right...
The measured move from the still valid Inverse H&S brings the market exactly to the long term trendline.
The 20th Congress of the CCP in China broke the Chinese stock market, such as the HSI, and we've seen stocks like NIO and AliBaba with a -25% in one single trading day. This is something i've warned about prior to the CCP event on October 16th.
Moving forward i believe we will see stocks like TSL A @ $180 at least (next 3 months or so...) Still, i believe it is a great long term hold even if bought now. In the next 10 years or so, all cars shall be electric, and TESLA will carry on growing exponentially.
Cathy Wood's ARKK is at this moment with almost exact pattern as the Dotcom Bubble in 2000 and -75% aswell.
No one expects, but it does seem like a blow off top is brewing for the coming months. Elon Musk gave more hints .
He's usually right and what he tweets ends up happening sooner or later.
Definitely not something to ignore.
All the best for everyone!
-3x Short ARKK ETP -> Santa Claus RallyGet on the sled of Santa Claus for your end of year rally. Take a look at Cathie Wood her picks in the ARKK ETF one more time and decide for yourself.
SARK has made some gains the past weeks, but now it's time to leverage this baby.
Buy in: 6.4 - 6.7
Target: 10.00
Stop-loss: 5.5
Not financial advice. Just sharing my ideas.
#ARKK reversing off anchored VWAP & 50dmaARKK still stuck in range of this bearish channel since bottoming in May. If you follow the anchored vwap from the recent high of the most recent rally, we are also starting to reject this Vwap. Additionally the 50dma is acting as resistance. Big resistance evident at $46
I think this will work itself lower and possibly retest the big horizontal support zone at $32-$33 in the coming weeks...
ARKK : The Innovation Fund. SELLCathie just published her Open letter for Fed. If a bottom stock picker tracks macro and starts advising the Central Bank about what to do, you know something is wrong in Paradise.
Technically speaking, the price chart has forming a H&S. Ten out of last 11 months have beeen negative months.It has grossly underperformed all the possible indices .
Fundamentally speaking the FAANGs & MAMAA's of the world are still grossly overvalued in the interest rate stabilising world, note it that I never said rising, because as one of the factors of production, the price of money should never have been negative.
Can you fathom a negative Salary for your monthly efforts ??
My Target for this overhyped overblown Fund is $29.30.