COIN Inverted Cup & Handle Pattern

31 thg 12, 2021

Short thesis:

- 4hr inverted cup & handle pattern
- Bearish DMI
- Bearish PSAR
- Bearish Golden Cross on EMAs
- Below VWAP (currently 257.19)
- correlation w/ BTC reshort into 45K and potentially 41K liquidity zones
- 4hr technicals flashing weighted sell signals (oscillators, pivots, moving averages)

Price Target: 230 with potential all time low test

4 thg 1, 2022

Ghi chú

took off 25% short next scale will be near 240 level

5 thg 1, 2022

Ghi chú

scaled another 25% to take profit swinging remaining position for major leg down

7 thg 1, 2022

Ghi chú

could chop around near this neckline but if this daily LL breaks we should see 220 next week. swinging remaining position. correlation with BTC pattern & continued leg down to 39K.