Technically, NASDAQ:HOOD is poised for a breakout, which could unlock 40%+ gains initially (+ potentially 60%+ later - but it's too soon to tell). Catalysts: trendline support, above 50 SMA, crypto momentum, strong financials. Watching for confirmation: 1. Breakout from the rising channel 2. Overcoming 15$ resistance
Positive Bounce of 50 SMA Inverse Head and Shoulders Have been accumulating fearlessly All US #Bitcoin ETFs listed Coinbase as the custodian All major competitors like Binance Negative SEC lawsuit Macro winds Crypto uncertainty
Positive technical indicators: Above 50 (retested) + 200 EMA Golden cross formation Bullish flag pattern potentially developing Further confirmation points: Increased trading volume Price holding support above $16 As with all crypto, volatile and rapid price swings are expected. If $16-18 range won't hold, I see a possibility of price dropping to...
Positive W - bottom pattern 50 EMA bounce 11.50 will be a good area to see if the pattern is playing out, and we don't get a big rejection Negative Macro winds Unprofitable company, this is still a momentum play - let's see