As of the middle of February HOOD broke out from a 2 year long Trading Channel and immediately began to form a 3 month long BULL FLAG Formation that as of this past Friday February 17th it broke out from closing at $20.09 for an increase of $2.19 or 12.23%. Their recent quarterly Financials were also very good for the 5th quarter in a row with the Earnings Report...
As per chart, there are two possible scenarios.
We could go higher to take out the higher liquidity on the left, or the highs are in and we now go lower back down to the lows.
I wouldn't be looking for longs up here as we are at a premium price, so i would be looking for shorts at this level.
News this week about US dollar strength, Monday and Thursday
will be influential.
Look at Dollar support on current daily up channel, should we have a hawkish dollar, BTC, stocks and commodities will fall.
So looking at key levels in advance to be ready to trade from these levels.
Always consider levels to be "zones"
4 hr and Daily analysis here is for swing...
Long-term bullish trend is taking its 5th uptrend move as from 2277 upward.
Bullish trend will continue untill NFP next month.
2570-2575 will be the critical position for long-term trend to be finished.
* 1st support: 2400-2405
* 1st target: 2450
* 2nd target: 2498
* 3rd target: 2570-2575
Long-term bullish critical boundary: 2570-2575
SUI now completed a correction and are ready to return to gain higher.
The new opportunity at the current price
🟢 Trend: Bullish 🚀
🟢 Support: $0.87
🟢 Target: $2.6
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Current: $1.07
The price may break out the Daily Bearish Channel (false breakout), then get rejected at a major resistance level (0.67645), to head down to the fib level 0618. I expect the price to rise from the fib level to make a new high.
www.tradingview.com
Follow the trajectory.
Will be a money-maker!
This stock will Regain its Previous High. It is Forming a basing Pattern so many Successful stocks lay out before going on to Astounding heights.
(There is also a chance that they will beat estimates, due to easy comp's and expectations.)
I am taking a contrarian view and bagholding rune... never been more bullish in my life. Love the negative sentiment I am seeing these days.
This is not financial advice I have 0 idea what rune does
OSMO is making new lows...
this may be good... for who likes to DCA into a falling knife (joking)
or may be pretty bad (investors lost confidence)
As we may know... if binance has not decided to get rid of a coin.. they still support the project (in some way or another).
Targets are versus BTC pair.
This may the bottom. We shall see !
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