The Long Investor
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$SPOT
🕑 Added 2025-04-11 09:14:18 +0000 UTCI am watching for a rejection here at the 50 WMA as the price bounces back up to this level for a test from below.
The 50 WMA is at $581 and came within touching distance two days ago when the market roared back.
A rejection here and Wave B could be complete for us and we get a further pull back to complete Wave C
Paying attention to the 200 WMA and below the 0.38 Fib level at $431.
None of these tariffs I suspect will encourage people to cancel their subscriptions but if a recession does get triggered then growth may decline and this may allow the price to come down.
I've said it a few times now, I would love to have $SPOT in my Top 20 list starting at a lower price.
Comments
Mavin_Trades
Cap I'm a bit confused on this commentary vs BTC. If SPOT can complete wave A before hitting .38 fib, why can't that be true with BTC as well that it has completed Wave A and B and onto Wave C....Trying to understand 2 different views. Appreciate your feedback.
Zachary Alpirn
I feel confident that even during a recession, no one is canceling their spotify or netflix subs. In fact, if they stay home more and do less, they may rely on podcasts and streaming more than ever
Crewz
Im really interested in buying $SPOT too at a much lower pricer
