Chart posted 7-9-2021 approx 9:36am ET. COIN has struggled early in its ICO phase, but it appears the worst may be over.. and it is showing a bullish crab pattern bouncing on high side and if this continues to show positive price action it will take off pretty strong. Price must get above 250 before anything takes off. I have a stop limit order set for this .
If it fails to do so.. we could retrace and consolidate back down into weaker territory. but its very close to breaking the pattern right now. Also this correlates to the BTC patterns I have been charting, that also show BTC headed to higher price action as well. Ill try and get that chart posted soon. The bullish pattern may get truncated by the major resistance line, but this is a good gain if everything plays out. 98% confident it will. This is a bearish shark pattern so do expect violent price swings as it moves up especially prior to or after the consolidation consolidation area.
If it fails to do so.. we could retrace and consolidate back down into weaker territory. but its very close to breaking the pattern right now. Also this correlates to the BTC patterns I have been charting, that also show BTC headed to higher price action as well. Ill try and get that chart posted soon. The bullish pattern may get truncated by the major resistance line, but this is a good gain if everything plays out. 98% confident it will. This is a bearish shark pattern so do expect violent price swings as it moves up especially prior to or after the consolidation consolidation area.
Comment:
Dont rule out 272.50 as a take profit area as well. 250 mark has not been passed with confidence yet.
Moorsc0de aka Crypt0nomics aka Zaphkiel
