Coinbase initially made progress in line with our primary scenario, moving just below the support level at $291.50 before a notable rebound to the upside. Our primary expectation is that price will soon reverse and head down toward our magenta Target Zone between $255.42 and $173.05, where we anticipate the low of magenta wave [ii] will be established. In wave [iii], we then expect the rally to continue past resistance at $444.65, which makes the magenta zone an attractive entry point for long positions. We still see the possibility of gains above the $444.65 resistance occurring earlier than expected. In this 30% likely scenario, we would anticipate an early wave alt.[iii] top, meaning the magenta wave alt.[ii] would already be complete. In that case, our magenta Target Zone would no longer be relevant.
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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.
📊 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
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.