Saw COIN looking toppy and it played out perfectly- the crypto rally isn’t over yet though and COIN is one of the better proxy plays for capturing the bullish price action we’re in crypto. Short off the top layer off nicely but the RSI is indicating that crypto nor COIN upside is done. The bullish divergence seen in the RSI should provide some decent upside at least in the short term.
I think we can look to the 55 EMA at approximately $245 for a potential upside retracement and if crypto continues up, we could see a new local high out of COIN.
Nickquick7
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@Goontata84 think this def goes lower before new highs
Goontata84
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@Nickquick7 yeah before new highs for sure but I am just looking at the next week or so - catching some upside with short term call options