COIN found support at the 0.618 Fibonacci retracement level. It is currently above the VWAP but below the 50-day moving average. The 9-day moving average crossed above the 20-day moving average, which is a good sign. Oscillators are also turning up.However, the stock price needs to cross above $90 to continue the bullish trend.
Breaking below $72 would be bearish and could see it go down to the $61-$62 area.
The price movement of Bitcoin and the SEC's decision on a Bitcoin ETF will dictate the direction.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.