COIN may be confirming a base here. Traders might be front running a potential recovery in crypto as BTC has been holding the 30K low. Key level = 250. Aggressive long entry would be off the trendline here. Safer play would be to wait for a break of 250 and target fib levels above. Risky stock... trade accordingly.
Comment:
T1 hit. May need a pull back to the ema's before continuing higher.
Comment:
After tapping the first target price rolled over. Price now needs to stabilize above the trend line and ema's before continuing higher. Bases can take a while to form.
Comment:
Good recovery today off the trend line area. If you missed the entry a secondary spot would be on a break of the 161.15 pivot.