My count on $COIN has it going significantly lower. From its inception, the pattern appears to be corrective, and should need to see further downside in order to complete cycle (yellow) c, at a minimum.
That will not ensure that the pattern is complete, however, as that itself may only be the first leg of an even larger 3-wave structure, but we will have to wait until we can try to make that assessment.
The target posted is based off of a fib relationship that I expect to see at a minimum for the next leg down.
That will not ensure that the pattern is complete, however, as that itself may only be the first leg of an even larger 3-wave structure, but we will have to wait until we can try to make that assessment.
The target posted is based off of a fib relationship that I expect to see at a minimum for the next leg down.