$HUT Breaking out, test of channel done and dusted!

Hut has broken out of the channel upper boundary and a test of the boundary took place as expected, quickly catching a bid and recovering 17% Friday, producing a long signal for me.

The next target is the High Volume Node resistance at $82 just under the R5 weekly pivot. Fibonacci extension has a minimum target of the 1.618, $135.

The Elliot wave count suggests a very bullish move come in wave III of (III) which would overextend the 1.618 target above, $200+.

RSI is overbought but can remain here for months.

Safe trading