HUT Macro analysis | The bigger picture | Long-term holders

HUT

🎯 A large bearish engulfing candle at major resistance saw the price drop back into the range, but the price wasted no time continuing its wave III uptrend. The next target is the $82 all-time High Volume node.

📈 Weekly RSI hit overbought and is now showing unconfirmed bearish divergence, which can take weeks to play or be negated

👉 Analysis is invalidated if we close back below the weekly pivot, $30

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