dRends35

COIN - Time To Accumulate

Long
NASDAQ:COIN   Coinbase Global
Just at the close here I've decided its time to start buying COIN.

Both NDX and BTC downtrend's seem to be plateauing out.

BTC will almost certainly follow NDX to some extent on a bounce and COIN will follow and if both bounce will COIN will have a very hard bounce I think.

And NDX has been printing some bullish divergence on the weekly chart so the low is either in or nearly in.


And sometimes indexes make their move pre-market for stocks to then gap up so I've decided now is the time.

I think COIN can potentially go as low as $30 but it may not and this may be the rather exotic accumulation range here.

I will DCA to some extent from here, but also looking for the lows.

Not advice.


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