2026-01-17 21:39:19

Looking at the weekly setup, $HOOD has already broken through its horizontal support level—which isn't great from a technical perspective. The situation does look rather bearish right now.

What's interesting is the Gann arc clustering around $85, which coincides with both the 1 log Fibonacci retracement and a previously marked buy order block from an earlier analysis. This convergence of multiple technical levels suggests $85 could be a meaningful support zone worth monitoring.

Don't sleep on the 50-week simple moving average either. How it holds up could be the deciding factor in confirming whether we're looking at a deeper correction or just another pullback.

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AirdropHunter420

· 6h ago

Hood, this move feels like it's going to continue crashing. The 85 support level is interesting, but I don't really believe it.

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MemeCurator

· 18h ago

Hood has broken below the support again. Whether the 85 can hold this time really depends on the situation.

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ser_ngmi

· 18h ago

Hood has broken below support again, and it's really getting tough now... The 85 area is quite interesting, with Gann arcs and Fibonacci confluence, and accumulated buy orders. Multiple signals stacking up—what does that indicate? The 50-week moving average is the key, if it can't hold, it's really over.

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NotSatoshi