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
👑 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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.