Hi all,
SQ has been beaten down to hell over the past 3 months. This is my analysis on SQ, just my opinion Not Financial advice.
Notes:
1) As soon as it broke the ascending line of support from Sept '20 it got a rejection when it tried to retest it
2) The 0.618 Fib level offered as support twice but since SQ broke the support it will be a significant resistance moving forward
3) The RSI has been the lowest in the past 12 months
4) Funcademtals of Block are looking too good. After Jack Dorsey quit Twitter to work on SQ, rebranding itself to SQ are all great moves on a macro level
SQ has been beaten down to hell over the past 3 months. This is my analysis on SQ, just my opinion Not Financial advice.
Notes:
1) As soon as it broke the ascending line of support from Sept '20 it got a rejection when it tried to retest it
2) The 0.618 Fib level offered as support twice but since SQ broke the support it will be a significant resistance moving forward
3) The RSI has been the lowest in the past 12 months
4) Funcademtals of Block are looking too good. After Jack Dorsey quit Twitter to work on SQ, rebranding itself to SQ are all great moves on a macro level