All the relevant levels on COIN and trading opportunities.
Today, we will take a look at COIN
Which are the main elements we can see?
1) The price has already reached the major support zone (or bearish target) and has bounced there.
2) So, what would be a good scenario to think about in terms of bullish opportunities?
3) I would like to see the breakout of the current bearish trend (yellow line) and then a corrective pattern with similar proportions to the red line you see on the chart.
4) IF that happens, then I think that's a great scenario to develop setups around that correction. IF that doesn't happen, you don't do anything.
5) The target I have for the bullish movement in case all the previous filters are fulfilled is 360
6) There is a level where we should pay attention to 294.00 (there we can see small reactions or reversal movements)
At the moment, we have defined the plan, and we need to see how the price proceeds to create a more accurate scenario. Thanks for reading, and feel free to share your view in the comments.
Which are the main elements we can see?
1) The price has already reached the major support zone (or bearish target) and has bounced there.
2) So, what would be a good scenario to think about in terms of bullish opportunities?
3) I would like to see the breakout of the current bearish trend (yellow line) and then a corrective pattern with similar proportions to the red line you see on the chart.
4) IF that happens, then I think that's a great scenario to develop setups around that correction. IF that doesn't happen, you don't do anything.
5) The target I have for the bullish movement in case all the previous filters are fulfilled is 360
6) There is a level where we should pay attention to 294.00 (there we can see small reactions or reversal movements)
At the moment, we have defined the plan, and we need to see how the price proceeds to create a more accurate scenario. Thanks for reading, and feel free to share your view in the comments.