hi traders
COIN stock looks bad.
Monthly close is upon us and it looks like it's gonna be a bearish engulfing candle.
In the next few weeks I expect a bounce and retest of the previous support around 245$ where we should get a rejection and the continuation of the downtrend.
We can see a bearish divergence in the monthly time frame.
COIN's chart looks pretty similar to the BTCUSDT chart that we analyzed today:
Recommended strategy:
1. Short around 245$ area and take profit near 180$.
2. Play the bounce from 180$
Good luck
COIN stock looks bad.
Monthly close is upon us and it looks like it's gonna be a bearish engulfing candle.
In the next few weeks I expect a bounce and retest of the previous support around 245$ where we should get a rejection and the continuation of the downtrend.
We can see a bearish divergence in the monthly time frame.
COIN's chart looks pretty similar to the BTCUSDT chart that we analyzed today:
Recommended strategy:
1. Short around 245$ area and take profit near 180$.
2. Play the bounce from 180$
Good luck
Trade closed: target reached
target reached
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.