The SOS Waiting Game
Earnings are almost here but, big oof by Elon tweeting and bashing on BTC.
Good news is, SOS mines more ETH than BTC. And for a good reason too right; ETH is pretty much blockchain.
The biggest plus is that SOS is working to solve the fossil fuel energy consumption controversy/issue by reaching out for these deals with hydro electric companies. Something that RIOT and MARA have yet to act on.
Technical analysis show that SOS has been following this downtrend continuation pattern. But, the MACD is showing an upwards trend. This is a sign of a classic divergence pattern (reversal pattern).
TA doesn't mean much due to the fact that blockchain investors react more to catalysts because there's very little fundamentals to work with. But the fundamentals are getting better for the blockchain ecosystem as a whole. I really like that SOS is using blockchain for real life uses. Even better, SOS subsidiaries obtained their MSB licenses from both the US and Canada -- a leap towards the launch of their digital asset exchange $$$.
I know that the hedge funds shorting this stock are watching these posts to plot against the investors. lol.
Safe investing everyone.
Good news is, SOS mines more ETH than BTC. And for a good reason too right; ETH is pretty much blockchain.
The biggest plus is that SOS is working to solve the fossil fuel energy consumption controversy/issue by reaching out for these deals with hydro electric companies. Something that RIOT and MARA have yet to act on.
Technical analysis show that SOS has been following this downtrend continuation pattern. But, the MACD is showing an upwards trend. This is a sign of a classic divergence pattern (reversal pattern).
TA doesn't mean much due to the fact that blockchain investors react more to catalysts because there's very little fundamentals to work with. But the fundamentals are getting better for the blockchain ecosystem as a whole. I really like that SOS is using blockchain for real life uses. Even better, SOS subsidiaries obtained their MSB licenses from both the US and Canada -- a leap towards the launch of their digital asset exchange $$$.
I know that the hedge funds shorting this stock are watching these posts to plot against the investors. lol.
Safe investing everyone.
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