Coinbase has recently faced notable downward pressure but has used this pullback to build new upside momentum. In our primary view, COIN is expected to make an imminent move higher, though it is likely to stall below resistance at $291.50. After this anticipated peak, we expect further sell-offs to ultimately complete the ongoing larger correction below support at $138.45. In our alternative scenario, price could break directly above resistance at $291.50 as part of a magenta upward impulse (probability: 35%). This would confirm that the correction has already been completed.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.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.