Cathie Wood Fully Invests in Peter Thiel's Crypto Strategy with Consecutive Million-Dollar Purchases
Ark Invest's Significant Trades: On Tuesday, Ark Invest, led by Cathie Wood, made notable trades, primarily purchasing 23,963 shares of Bullish, a cryptocurrency exchange, valued at approximately $1.09 million.
Bullish's IPO Details: Bullish recently increased the size and price of its upcoming IPO, offering 30 million shares priced between $32 and $33, aiming for a nearly $5 billion valuation.
Ark's Previous Investment: Just a day prior, Ark Invest had purchased $11.9 million worth of Bullish stock, while Coinbase remains one of Ark's largest holdings, constituting 5.96% of its ARKK ETF.
Stock Ranking: Benzinga's Edge Stock Rankings indicate that Bullish stock ranks poorly across Short, Medium, and Long Price Trends compared to its competitor, Coinbase.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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