Coinbase (COIN) continues to repeat the 2022 Bear Cycle and right now it is on the Resistance cluster that consists of the 0.382 Fibonacci retracement (blue) and the 1D MA100 (red trend-line)
That was where on March 28 2022 it got rejected and initiated Phase 2 of the Bear Cycle below the (red) Channel Down towards the major Support Zone below the 0.786 Fibonacci level.
Our long-term Target is located just above it at $55.00. Observe also the 1W RSI sequences among the 2026 and 2022 fractals. So far they've been quite similar and right now it suggests that the next leg down is where the RSI will get oversold.
---
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
---
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
That was where on March 28 2022 it got rejected and initiated Phase 2 of the Bear Cycle below the (red) Channel Down towards the major Support Zone below the 0.786 Fibonacci level.
Our long-term Target is located just above it at $55.00. Observe also the 1W RSI sequences among the 2026 and 2022 fractals. So far they've been quite similar and right now it suggests that the next leg down is where the RSI will get oversold.
---
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
---
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Trade Forex on TradingView (zero commissions)👉 go.tradenation.com/visit/?bta=37104&brand=tradenation
I trade Crypto (perps/swaps) with👉 app.defi.app/join/5b8X2l
Funded trading -10% off👉 hyrotrader.com/?coupon=tradingshot
I trade Crypto (perps/swaps) with👉 app.defi.app/join/5b8X2l
Funded trading -10% off👉 hyrotrader.com/?coupon=tradingshot
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.
Trade Forex on TradingView (zero commissions)👉 go.tradenation.com/visit/?bta=37104&brand=tradenation
I trade Crypto (perps/swaps) with👉 app.defi.app/join/5b8X2l
Funded trading -10% off👉 hyrotrader.com/?coupon=tradingshot
I trade Crypto (perps/swaps) with👉 app.defi.app/join/5b8X2l
Funded trading -10% off👉 hyrotrader.com/?coupon=tradingshot
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.