Hello Traders!
Today I have shared the chart of COINBASE. Of course we cant know for sure what price will do, however you can take clues and combine them to give you a high probability reading of the chart.
Here are the clues:
1) MAJOR TRENDLINE
2) TRENDLINE
3) BEARISH DIVERGENCE
4) BULL FLAG MEASURED MOVE
When we combine these clues, a very bearish picture is painted... This signals to me that there is a high probability price will likely reverse and trade to the downside in the near future.
I hope everyone enjoyed this post and is able to use it as an educational tool.
Thanks everyone and best of luck on your trading journey!
Today I have shared the chart of COINBASE. Of course we cant know for sure what price will do, however you can take clues and combine them to give you a high probability reading of the chart.
Here are the clues:
1) MAJOR TRENDLINE
2) TRENDLINE
3) BEARISH DIVERGENCE
4) BULL FLAG MEASURED MOVE
When we combine these clues, a very bearish picture is painted... This signals to me that there is a high probability price will likely reverse and trade to the downside in the near future.
I hope everyone enjoyed this post and is able to use it as an educational tool.
Thanks everyone and best of luck on your trading journey!
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.
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.