COIN
This chart shows a classic bearish structure… but with something interesting developing underneath.
For months, price has respected a clean bearish channel:
→ Lower highs (LH)
→ Lower lows (LL)
As long as this structure holds, the trend remains bearish.No debate here.But here’s where it gets interesting
At the bottom (~150 zone), price formed a double bottom.
That’s not a reversal by itself…
but it tells you something important:
→ Buyers are stepping in
→ Selling pressure is no longer one-sided
This is how trends start to weaken — not reverse instantly.
Where we are now
Price is testing the top of the channel.
The play
Two clear paths — no guessing:
1) Rejection (trend continues)
Entry: near current levels (205–210)
Target: 185 → 175
2) Breakout (shift begins)
Entry: clean break + hold above 220
Target: 240+
This chart shows a classic bearish structure… but with something interesting developing underneath.
For months, price has respected a clean bearish channel:
→ Lower highs (LH)
→ Lower lows (LL)
As long as this structure holds, the trend remains bearish.No debate here.But here’s where it gets interesting
At the bottom (~150 zone), price formed a double bottom.
That’s not a reversal by itself…
but it tells you something important:
→ Buyers are stepping in
→ Selling pressure is no longer one-sided
This is how trends start to weaken — not reverse instantly.
Where we are now
Price is testing the top of the channel.
The play
Two clear paths — no guessing:
1) Rejection (trend continues)
Entry: near current levels (205–210)
Target: 185 → 175
2) Breakout (shift begins)
Entry: clean break + hold above 220
Target: 240+
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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.
Related publications
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.