This Elliott Waves count shows attractive risk reward opportunity in $COIN.
SL = $185 which is ~4.3% below the current price of $194.
TP = $231 and is ~19% of gain.
Invalidation = $162 which could be SL for those who can afford taking more risk.
EW analysis. ABC correction has ended and the current choppy move up since $139 is a part of a leading diagonal wave.
I expect continuation of choppy movement around resistance area of 210-225 and more impulsive move up afterwards to complete the diagonal.
See 15-min timeframe in the note for the nearest anticipated reversal up.
SL = $185 which is ~4.3% below the current price of $194.
TP = $231 and is ~19% of gain.
Invalidation = $162 which could be SL for those who can afford taking more risk.
EW analysis. ABC correction has ended and the current choppy move up since $139 is a part of a leading diagonal wave.
I expect continuation of choppy movement around resistance area of 210-225 and more impulsive move up afterwards to complete the diagonal.
See 15-min timeframe in the note for the nearest anticipated reversal up.
Nota
15-min Nota
We've got higher highs just recently and despite the initially projected diagonal structure is invalidated, the diagonal itself is in place and the whole count still serves well. I will update the diagonal count later as we have more evidence. Trade chiuso: stop raggiunto
invalidated
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.