Coinbase has recently experienced a brief uptick but has since resumed its expected downward trajectory. Magenta wave [ii] still has some room to push lower in the near term, but it should remain above the support level at $138.45 to allow the upward impulse to eventually break through resistance at $444.65. However, if price falls below $138.45, we will anticipate a new low for turquoise wave alt. 2, which would delay the expected gains (probability: 33%).
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
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🚀 Spot trends early with momentum, sentiment & price structure
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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.