AzizKhanZamani

COIN Local OB| Dynamic S/R| Price Action| Trend

Long
NASDAQ:COIN   Coinbase Global, Inc
Evening Traders,

Today’s analysis – COIN – trading above its Local OB that is acting a current support,

Points to consider,
- Price Action Impulsive
- Dynamic S/R Support
- 1.618 Extension Target
- Low Volume
- RSI Bullish Control

COIN immediate price action is impulsive, trading above its Local OB where a deviation to the highs allows for a bullish bias.

The 1.618 Fibonacci Extension is the immediate target, exceeding this will increase the probability of a trend continuation.

The current Volume node is below average, an increase is highly imminent when an expansion occurs.

The RSI is trading in its bullish control zone, reaming in these regions is indicative of strength.

Overall, in my opinion, COIN is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps

Thank you for following my work

And remember,

“Trade the market in front of you, not the one you want!” – Scott Redler
Join my free telegram! https://t.me/chartdoctorsanconsultants

Follow me on Twitter! https://twitter.com/pinkdawn__

Comments

fresh insight
+1 Reply
AzizKhanZamani The_Master_
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter