Volatile and I have noted it does not Always move with the coins.
Price is hanging on to the bottom trendline of a symmetrical triangle today. This is a neutral pattern and can break up or down.
If it were to break to the downside. I see the .786 below the triangle which may form a bullish Gartley, there is also a bearish Gartley. The Gartley is a common pattern and has a retracement to the .618 on leg 2 (AB) and lands around the .786 on the final leg (CD). I am hoping COIN remains in the triangle and heads back up again. I just never know and I really hate that I do not know everything sometimes (o: I guess we can get a "hunch" and make an educated guess, that is about it.
Rectangle bottom, and COIN broke to the upside, hit targets, and came back down again. Price is back inside the rectangle which is also a neutral pattern. The top trendline is now resistance again. You can measure the width of the rectangle, then move it with the magnet and project it up from the top trendline or down from the bottom trendline to get an idea where price will go.
no recommendation
Price is hanging on to the bottom trendline of a symmetrical triangle today. This is a neutral pattern and can break up or down.
If it were to break to the downside. I see the .786 below the triangle which may form a bullish Gartley, there is also a bearish Gartley. The Gartley is a common pattern and has a retracement to the .618 on leg 2 (AB) and lands around the .786 on the final leg (CD). I am hoping COIN remains in the triangle and heads back up again. I just never know and I really hate that I do not know everything sometimes (o: I guess we can get a "hunch" and make an educated guess, that is about it.
Rectangle bottom, and COIN broke to the upside, hit targets, and came back down again. Price is back inside the rectangle which is also a neutral pattern. The top trendline is now resistance again. You can measure the width of the rectangle, then move it with the magnet and project it up from the top trendline or down from the bottom trendline to get an idea where price will go.
no recommendation