Bullish on Coinbase
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We have a possible triple bottom scenario on Coinbase, with hidden bullish divergence... While the price is "trapped sideways" (between 211 and 255) and we are waiting for breakout confirmation, everything else (with Momentum, MACD and RSI) is pointing upwards, but nevertheless we have to start making higher highs and higher lows in price action as well. Fundamentals seems positive as well with over 250mill in profit (Q1), Bitcoin as market driver seems still bullish on macro scale (still possible downard pressure from current levels, but the time is on our side on this crypto beast). Not saying that we have a guaranted bottom, things can turn south in a blink of an eye (overly bullish retails on crypto is a a mild warning sign) and we still gotta hold 21 and 34 EMA on Daily chart as support to ride it to the upside. In terms of Elliott Wave we have a 3/C candidate here, so worth is risk taking. Intraday turned bullish in MACD.
The KST (Know Sure Thing, yellow line) signaled a BUY with retesting the signal line(red) and jumping upwards:
Keeping it brief here, more info on the chart.
The KST (Know Sure Thing, yellow line) signaled a BUY with retesting the signal line(red) and jumping upwards:
Keeping it brief here, more info on the chart.
Bình luận
Just a brief comment, it is NOT a short term trade, if it wasnt clear. Its easy mid to long term trade, which can easy go full time HOLD until new ATH type of thingy. Depends on several things, including general macro economy and cryptos.Giao dịch đang hoạt động
Open: 241.52SL: 230.20
Bình luận
Pre-Market looks promising and exactly as I expected.Bình luận
Didnt get that second entry at 261 levels. Lets monitor the opening price action, possibly taking local partials...Giao dịch được đóng thủ công
Dont fight the parabola. Taking full profits and searching for new possible entries when price action settles.Giao dịch đang hoạt động
Order triggered @ 361Giao dịch được đóng thủ công
The previously triggered order was at 261 (not 361, obviously) and now closed with min profit.
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