If we flip COIN upside-down, it might give us a shiny new perspective on this stock.
I threw two horizontals on it at $250 and $310, given the psychological significance of these areas,
and also because the surrounding price action
suggests that they are important support/resistance levels.
We can also look at the VPVR (volume profile visible range -
the histograms plotted on the left and right edges of the chart,
meant to reveal dominant and/or significant price levels based on volume).
If I'm specifically studying the VPVR, I prefer to have one on each side,
because it's easier to visualize the horizontals when there are two VPVR's,
and it's nice to have one on the left side when looking at price action on the left side of the chart.
There's no deep technical analysis or profound predictions for this idea, folks...
my goal with this chart is to give us a nice presentation
showing how COIN's price action looks on the inverted price scale,
with the hope that it might give us a new perspective.
And while this chart most likely won't radically shift your overall outlook on COIN,
I'm hoping that at the very least, you find it interesting...
another worthwhile nugget of info to add to your stash.
// Durbtrade
I threw two horizontals on it at $250 and $310, given the psychological significance of these areas,
and also because the surrounding price action
suggests that they are important support/resistance levels.
We can also look at the VPVR (volume profile visible range -
the histograms plotted on the left and right edges of the chart,
meant to reveal dominant and/or significant price levels based on volume).
If I'm specifically studying the VPVR, I prefer to have one on each side,
because it's easier to visualize the horizontals when there are two VPVR's,
and it's nice to have one on the left side when looking at price action on the left side of the chart.
There's no deep technical analysis or profound predictions for this idea, folks...
my goal with this chart is to give us a nice presentation
showing how COIN's price action looks on the inverted price scale,
with the hope that it might give us a new perspective.
And while this chart most likely won't radically shift your overall outlook on COIN,
I'm hoping that at the very least, you find it interesting...
another worthwhile nugget of info to add to your stash.
// Durbtrade
Comment:
You can zoom in for some beautiful imagery :
Comment:
