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Crypto-Crowd Left Out

This is a syndicated repost courtesy of Slope of Hope – Technical Tools for Traders. To view original, click here. Reposted with permission.

Although the crypto universe continues to fly higher, with Ethereum in particular roaring to new highs practically every day……….

…….the equities which have tied their fates to crypto are, strangely, not playing along. For example, the two below, MicroStrategy and Riot Blockchain:

I also consider Tesla to be very much tethered to crypto, since it has made a big investment in Bitcoin and Elon is always shouting about Dogecoin.

And, wherever Tesla Goes, ARKK is bound to follow.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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