After an extended period of sideways trading, Coinbase recently broke noticeably higher, prompting us to add a more detailed substructure for magenta wave [ii]. On a smaller scale, we now see prices moving in a blue three-part pattern, with wave (a) recently completed at $291.50—a level we identify as support. In the near term, wave (b) still has some room to move higher before wave (c) ultimately dips back below the $291.50 mark, at which point the previously mentioned magenta wave [ii] should be complete—well above the lower support level at $138.45. The following wave [iii] is expected to drive the next leg higher, potentially pushing the stock well above $444.65. However, we assign a 33% probability that COIN has completed magenta wave alt. at the $444.65 high and could next fall below the $138.45 support to establish a new low for turquoise wave alt.2 via wave alt.[c].
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
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🚀 Spot trends early with momentum, sentiment & price structure
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相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。