The bullish breakout has been confirmed and today we would like to look at the charts for the COIN stock.
The volume is great, the indicators, price action and signals are all great, this is already confirmed.
✔️ Based on the Fibonacci extension tool the next target sits at 168, this comes very close to the closest gap at 174/176; so this is a high probability target.
It can go higher but this is what we have now based on the current chart and price action.
This can happen quickly now with SEC being overruled. Alan do you have an ETA?
AlanSantana
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@TheKitchenTrader, Unfortunately not but based on price action and the current chart, we should say 2-3 weeks maximum.
Bitcoin is being held which is great news for the market as a whole. If they let it all out it would drain all of the energy from the entire market.
The people controlling this are extremely wise. They have such perfect timing, patience and planning... It is amazing to see them play.
The_Master_
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@AlanSantana it's true. it's fascinating to watch it unfold, like clockwork...
hang in there guys,... and congrats to all that survived 5he bear market...
2nd one for me...❤️🙏
Th3Unkn0wn
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What about konsolidation? I don't think we are going straight to our target.
AlanSantana
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@Th3Unkn0wn, Consolidation from May 2022 through July 2023. This is the breakout now and it can happen, straight up as consolidation is already done for.
Just match the bearish wave on the left side, you should get something similar on the right side.