Hello friends, today you can review the technical analysis idea on a 4H linear scale chart for Robinhood Markets, Inc (HOOD).
The chart is self-explanatory. Price has a nice short term move up, however RSI just broke the support line, with the potential of a move down in price. Please read the chart for all the notes.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Stochastic RSI, Volume, Parallel Channel, Median Line.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have a bunch of additional recent charts below on cryptocurrencies to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Comment
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Met with resistance from January resistance area. HOOD may do a back test of the channel top line before a move up. That could mean price comes down to $10-$11. Keep an eye on the RSI and Volume on various timeframes. Please do your own research.
How much you think it could reach by end of February
MillionaireEconomics
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@Najah000, unfortunately I don't look that far out in advance unless I am investing in something. If the price get's support at the re-test of the channel top, there may be a chance for it to move upwards. That's just my opinion for now. It may change tomorrow. I trade based on current charts and avoid forecasting out too far.
Najah000
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@CRYPTOPICKK, thank you, keep us updated...., it will be great from you analyse for us SPCE and thanks about new idea for paypal