COIN was expected to test the High Volume Node and channel upper boundary after its breakout as support. That happened Friday and touched it precisely during the market chaos we expect to reverse back to trend this week.Wave V is underway, wave IV completed at the 0.382 Fibonacci retracement and High Volume Node - a high probability area for a bottom.
RSI tapped overbought but no bearish divergence.
The gap has been filled and could market a reversal point lower on the macro and we should watch carefully but the trend is up for now.
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🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
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📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
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🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.