COIN Fib Circles Gann Fan

6 ngày trước

COIN

This chart has great trends. Looking at the fib circle on the upward trend you can see each time it went past a new fib trend line of the circle it went back into consolidation of the previous fib. Nice to see that this Fib circle tool works. Using the Gann Fan really helps to view the ranges the stock is in, making new trends and previous trends easier to follow.

The Gann Fan shows we have already bounced off near that blue line while not breaking fully the fib circle range and can go back towards highs, eventually past the IPO price of the stock. The high candle in March of 2024 shows a close of 265.12 and a high of 283.48, this candle touch a trend line on the Gann Fan that is good to follow. I can see this stock touching this line again and then eventually breaking that line to new highs.

Comment what you think about the chart.
Comment any tips or suggestions.

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