EBON, as blockchain stocks (mara, riot, sos) are seeing decent movement with Bitcoins push this past weekend, Ebon seems to be lagging behind, trending in a nice channel up. at the bottom of the channel here with lots of upside to run. Good point to long here with shares or get leaps (options premiums are cheap now and not jacked up). Watching for reversal as we break this triangle to go for that gap fill at $10.87. If BTC continues to this flat choppy correction ebon will be very choppy as well. If BTC rallies to 55k+ blockchain stocks will rally as well.
Key Levels Support: $6.53, $5.79 (oversold under this level) Resistance: $7.18, $8.56, $9.98
Thanks. THis one really hurt me right now as it is down 50%. Not sure if I should buy more right now to lower my average price...
jUiCE_Trades
⋅
@chassytimi long term hold for me, avg down is up to you... I’d diversify my blockchain portfolio... BLOK has pretty much the top btc mining stocks and some others to consider (MARA, RIOT, SOS, CAN)
jUiCE_Trades
⋅
@chassytimi I think we see 15+ by eoy, depending on how btc does we could see that within a couple months
chassytimi
⋅
@jUiCE_Trades, Thanks man! I appreciate your feedback.