COIN is in a bit of a controversy with the SEC and potential regulatory charges. On the 4H
chart it had a big plunge from the high market valuation it received over the month since
favorable earnings. It has reversed after a few days of Doji candles showing market indecision.
The MACD indicator shows upwards K/D lines having crossed under the histogram on the day
before this idea. The mass index indicator has given a reversal signal since the value first
crossed above 27 and then triggering by crossing under 26.5. Having reversed, can COIN
maintain the current trend ? I will find out by taking a long trade with potential 15% upside
essentially betting that the dust will settle and it will be business as usual with demonstrated
increasing revenues on the recent earnings report.
chart it had a big plunge from the high market valuation it received over the month since
favorable earnings. It has reversed after a few days of Doji candles showing market indecision.
The MACD indicator shows upwards K/D lines having crossed under the histogram on the day
before this idea. The mass index indicator has given a reversal signal since the value first
crossed above 27 and then triggering by crossing under 26.5. Having reversed, can COIN
maintain the current trend ? I will find out by taking a long trade with potential 15% upside
essentially betting that the dust will settle and it will be business as usual with demonstrated
increasing revenues on the recent earnings report.
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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.