Looking at the weekly setup, there's a strong buy order cluster right around $110 that aligns with major horizontal support. This is a key zone.
Here's the thing though—if we break below this level, expect selling pressure to intensify. Where could it stop? Most likely the 50-week simple moving average holds. If that fails too, the next target is where the Gann arc meets the 1.0 logarithmic Fibonacci level around $85.
Right now $110 is the line in the sand. Watch it closely.
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WalletWhisperer
· 01-10 22:21
If I can't break this key level at 110, I'll hold; if I do, I'll go straight to 85 to see.
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rugpull_ptsd
· 01-10 22:20
If this 110 line breaks, we need to be careful. It feels like it might drop to 85.
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CoconutWaterBoy
· 01-10 22:20
This defensive line at 110 really has to be held. Once it's broken, the chain reaction that follows will be disastrous.
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MechanicalMartel
· 01-10 22:20
This 110 threshold really needs to be maintained. If it's broken, it will turn into a bearish trend.
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Web3ExplorerLin
· 01-10 22:17
hypothesis: $110 ain't just a number here—it's where order flow theory meets ancient gann philosophy, like bridging two oracle networks trying to find consensus. if this breaks, we're essentially watching the decentralized price discovery mechanism fail its test. fascinating parallel to byzantine generals problem but with buy orders instead
$HOOD Weekly Gann Chart Analysis
Looking at the weekly setup, there's a strong buy order cluster right around $110 that aligns with major horizontal support. This is a key zone.
Here's the thing though—if we break below this level, expect selling pressure to intensify. Where could it stop? Most likely the 50-week simple moving average holds. If that fails too, the next target is where the Gann arc meets the 1.0 logarithmic Fibonacci level around $85.
Right now $110 is the line in the sand. Watch it closely.