Robinhood Markets Inc (NASDAQ:HOOD) was falling more than 6% lower on Tuesday in sympathy with both the general markets and the wider cryptocurrency sector, where the S&P 500 was declining about 0.8% and Bitcoin (CRYPTO: BTC) was retracing about 1.3%, respectively.
The drop on Tuesday confirmed Robinhood is now trading in a downtrend. A downtrend occurs when a stock consistently makes a series of lower lows and lower highs on the chart.
