Primarily, COIN should turn toward an imminent countermove to the upside, although that rebound should fade below the resistance at $291.50. Once the associated top forms, we anticipate renewed selling pressure, which should allow the ongoing larger correction to eventually complete below the support at $138.45. In our alternative scenario, price could also rally directly above the resistance at $291.50 as part of a magenta upward impulse (probability: 30%).
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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
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.