Price seem well supported. Bias on upsideARKK ETF used to be best performing ETF in year 2020. However due to rate hike situation, most of the innovation companies invested in this ETF question by the capability to survive. Therefore we can see a huge drop thereafter.
However, the price have dropped more than 60% since it peak in Feb 2021 supported by 23.8% Fibo..
We are looking at two price level between $50 - $60 for its rebound. If price fail to support between these two level, we may see around $35+