Spotify was in a long channel since Jan'19. Spotify breached the channel yesterday in a single candle with super abnormal volumes.
Why?
Spotify paid Joe Rogan $100 Million to leave youtube by the end of the year and transfer all of his podcasts on Spotify. This is definitely huge for Spotify in the long term. If Spotify does more deals with content creators of Youtube & other platforms the stock will keep making new highs.