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The Long Investor - $COIN
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If you’re bullish on $BTC and $ETH, then I believe you should be bullish on $COIN too..
After meeting resistance at the 50 WMA, the price is pulling back nicely for Wave 2.
This is exactly the kind of pullback we want to see, and now we are watching for support between the 0.618 Fib at $166 and the 0.78 Fib at $155.
Confirmed support in there would be a strong sign that Wave 2 could be complete and offer the next buying opportunity.
From there, we want to see the price break above the confluence level between the 50 WMA and the 200 WMA at $188-$194...
Then we can turn our focus to forming a higher high and breaking above the blue line at $204.
A break above $204 would bring $COIN into the Bull Case with the Wave 3 target at the 1.618 Fib at $273.
If you’re bullish on $BTC and $ETH, then I believe you should be bullish on $COIN too..
After meeting resistance at the 50 WMA, the price is pulling back nicely for Wave 2.
This is exactly the kind of pullback we want to see, and now we are watching for support between the 0.618 Fib at $166 and the 0.78 Fib at $155.
Confirmed support in there would be a strong sign that Wave 2 could be complete and offer the next buying opportunity.
From there, we want to see the price break above the confluence level between the 50 WMA and the 200 WMA at $188-$194...
Then we can turn our focus to forming a higher high and breaking above the blue line at $204.
A break above $204 would bring $COIN into the Bull Case with the Wave 3 target at the 1.618 Fib at $273.
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