I truly believe COIN is a long-term buy. I even added it to my Market Avengers portfolio (follow the link in the profile for details). However there is no divergence on RSI which makes me cautious (red scenario). At the same time there is such a nice Island Reversal pattern which looks even more compelling in anticipation of the broader market bounce.
Opened small position to test waters. But ready to close it before the price goes lower one last time.
Opened small position to test waters. But ready to close it before the price goes lower one last time.
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Sorry, grey scenario is making me cautious.The red one made me open small position.
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🌏 energeiacharta.com
⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
🗃️ Extensive analysis archives
📏 Chartopedia, with examples of applying ElliottWave to real world charts