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Danny's Patreon Exclusive: $SOFI

By Cantonese Cat - TA on Stocks & Crypto

Summary

## Key takeaways - **Sofi Stuck in Range, Approaching Resistance**: Sofi is currently trading within a range, nearing the higher end and facing resistance around the $30 mark, which also represents a 'volatility black hole'. Breaking above $30 is crucial for significant upward movement. [00:11], [01:11] - **Bullish Signals Mounting on Daily and Weekly Charts**: Multiple bullish indicators are present, including a bullish cross on the daily MACD, the price breaking above volume shelves and points of control, and a developing bullish candle on the weekly chart, suggesting potential for upward momentum. [00:49], [00:58] - **Potential for All-Time High Monthly Close**: Sofi is attempting to break above its all-time high and close the monthly candle above it, which would signify the highest monthly close ever for the stock and a very bullish development. [02:06], [02:11] - **Escape Velocity Building, Similar to Past Patterns**: The stock is exhibiting 'escape velocity' behavior, similar to patterns observed 12-13 months ago, with Bollinger Bands expanding and suggesting potential for higher targets over the next year to year and a half. [02:50], [03:07] - **Gan Analysis Shows Support and Resistance Levels**: Gan analysis indicates that Sofi has flipped previous resistance levels around $25.50 and $26 into support. The next significant resistance is expected in the low to mid-$30s. [03:31], [04:32] - **Downside Risk Contained Around $25-$26 Support**: While the upside is favored, if Sofi breaks down below the $25-$26 support level, the next significant buy zone would be in the low $20s (around $21-$22). However, a breakdown is considered less likely than moving towards the low $30s. [05:18], [05:51]

Topics Covered

  • SoFi aims for its highest monthly close ever.
  • SoFi is on the brink of "escape velocity" to new highs.
  • Multiple technical indicators signal SoFi's imminent breakout.
  • What are SoFi's critical support and downside risks?

Full Transcript

Mail everybody. I'm Cantonese Cat. Hey

everybody, Cantonese Kent here. Sofi

Technologies. Let's look at Danny's

daily chart here. What does it mean?

Well, maybe not much. We're stuck in a

range. We're at the higher part of the

range here. We did break above the

volume shelf in the momentum bar over

here around 28.12,

which is promising. But again, things

are just all sitting here for a very

long time, right? yellow candle, red

candle, yellow candle, red candle,

yellow candle, red candle. So, what's

going on? Well, we are above this um

momentum bar volume shove around 28.127.

Promising. We are above the point of

control volume shovel here as well.

Promising. We do have some red lights

coming in. Promising over the last two

weeks for the most part. High high

higher lows here for Welsh momentum here

and retail momentum has been decreasing.

Promising, right? Bullish cross here at

the MACD on the daily. Promising.

Looking at the weekly, all of that had

accumulated to the point where we had

reversed the yellow candle over here and

start to develop a bullish red candle on

the weekly chart. Once things break

above $31, which is going to be above

the well, I say $30, which is going to

be above the volatility black hole over

here. Once things break about $30,

things are going to fly on the way up

here. Currently the momentum is favoring

that we have enough momentum here to the

upside because of the red candle above

the point control volume shelf above a

red ribbon and with increasing relish

momentum. No retail momentum. The green

light here is disappearing a little bit

here on panel two. Maybe we get a little

bit of a a red light here which tells us

that we're going to have more momentum

here to push us to the upside. But

currently we got a warning sign here

with a red candle here to say that hey

we might be breaking about this

volatility black here about 30 and we

might go higher. That is what I'm seeing

right MACD was avoiding a bearish cross

over here. You can see a lot of these

things are saying hey we've cooled down

enough maybe and that we might be

getting ready for the next move up here.

We will see whether or not this plays

out. Looking at my chart what do I see?

It's trying to break above all-time high

here. um is trying to close a monthly

candle above the previous all-time high

over here. And if we end up closing the

month the way we do, then we would break

above the previous all-time high and we

would also have the highest monthly

close for SoFi ever. That would be a

very very bullish development. But I

would like to see it closing above 30

for me to really say, hey, a lot more

volatility here to the upside. Some of

these higher targets could be met,

right? 4761 911 level at the time. But

currently, I think we're at the brink of

trying to be decis decisive here to

break above those resistance levels,

particularly $30. I think we need to

break above that before I can confirm

that escape velocity is happening. With

that said, by definition, I think escape

velocity is building here for SoFi

because is above the 0.86

because the Ballinger band is still

expanding here to the upside and to the

downside fully. That tells me that this

is exhibiting poundering like behavior

as it did about 12 to 13 months ago and

there is a potential for it to hit some

of the higher targets up here above over

the next year next year and a half or so

is possible right I'm not saying

anything absolute here but it's got

enough juice enough escape velocity to

keep going up higher looking at my GAN

chart here this is 360 and one I'm

seeing here is this we have broken above

this level here around 25.5.

It was previously resistance. We flipped

that over here to support.

And we have also flipped this angle over

here, this gain angle here from

resistance here back into support. We

have a hard time breaking about this

arc, which means that hey, if we're able

to break about that arc, get up to 30,

we might still have some resistance up

here around the, you know, low mid30s

before really truly breaking out to

higher levels. But I think this scan arc

over here is a very very important

resistance level that if we end up

closing above next week then we end up

going a lot higher is kind of what I'm

seeing here based on this gain square.

Now looking at a different gan square

you can also see that this 25 and a half

is also a very important level where we

broke above it back tested it. This is

more around 26 here based on this level.

This is more 25.5 here at the scan right

26 over here. We did back test it. we

did break back in above the angle which

means that going up to the low 30s here

is going to be going up to low 30s here

is going to be the next um area of

resistance that we're seeing both on

this GAN over here and on this GAN over

here. Now we are also holding support

levels. We got the weekly Ishimoku cloud

with the weekly tank and the conversion

line pushing price potentially up here

because we've been consoling sideways

over here waiting for the tank to push

up and we have that little push up

there. So that tells me maybe we don't

have to break down like we did over

here. Maybe we just keep on consoliding

and just keep going up, push above the

low 30s to low 50s here for the

remainder of 2025 and then go up higher

from here. I think that's a potential

move for it to happen. Now, what are the

downside risks? I mentioned about 25 26

somewhere around there. That's going to

be the level where I think things would

get bought up. If it ends up breaking

down below 25 to 26, then you talk about

the low 20s, right? As low as 21 22 down

here with a buy order block. A lot of

people are also waiting for price to go

down and and try to buy that down here

in a hurry if it ends up breaking down.

So far there are no signs of that. But

if it ends up breaking down, you talking

about 25 and 21. But I'm really eyeing

maybe more like the low to mid30s is

kind of what I'm eyeing. I think that's

going to be more likely scenario than

necessarily breaking down. But you have

to pay attention to both. So is

Palunteer is in the brink of breaking

into alltime highs while the monthly

bullish bank expansion is happening.

While it's been stuck in a range, I

favor it going to the upside. Again,

resistance at around the low 30s to

mid30s. Fib level says next resistance

in the 1.272 is going to be $47. If it

retraces back down to 25 or in the

unlikely event of going down to 21, I

think it's going to get bought up there

in a hurry. Thank you so much, guys.

Have a good one. Bye.

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