COIN : On the Rise
Coin has been on a roll the past 2 days.
Back on 6/22/21 COIN retested the 5/19/21 all time low of $208.44,
when it opened with a 5.33% drop in an hour and 16 minutes,
dropping from $222.64 to a low of $210.77 :
There was even a 2nd quick retest of the all time low 41 minutes later :
By the end of that day, COIN had closed right where it had opened the day at!
The following day, 6/23/21, COIN continued to rise, hitting a temporary high of $230.47 at 10:46am, exactly 250 bars after the retest :
From there, COIN drops for the remainder of the day, but the following day, COIN goes back up to close 6/24/21 just below the $230.47 level.
Then, at the 6/25/21 opening, COIN falls sharply and quickly to just above the $222.64 level, where for the remainder of the day,
it trades horizontally in a very narrow channel :
Which brings us to this week.
Starting yesterday, after trading in between $222.64 and $230.47, COIN exploded, eventually raising $36.93 or 16.48% to a new relative high of $261.05 at 9:56am today.
We've remained just below this level until now :
Zooming out to the 30 minute candles,
we see that COIN has broken out of the relatively horizontal channel that it's been trading in for over a month now :
On the 1 hour timeframe, the indicators are a bit hot right now, especially the RSI.
The RSI and MACD are all at their highest levels in COIN's history.
The Bollinger Band Width is just below its highest level.
Volume is showing green, but I'm not seeing a substantial increase.
Comparing COIN to BITCOIN on the 3 hour scale shows that COIN had a significant spike up, relative to BITCOIN :
And that's pretty much where we stand as of now.
It's nice to finally see some decent upward momentum... something to get excited about.
Will COIN continue to rise in the upcoming days?
I'm starting to think so... and if it does, it will be interesting to see how the price reacts to the various key horizontal levels that we found on the way down.
Watch carefully. And keep your eye on BTC too, obviously.
I still believe that COIN has the potential to be a big winner, and I wish you all good luck in your COIN investments!
Thanks for checking out this update, and for your feedback and support. I appreciate it!
// Durbtrade
Back on 6/22/21 COIN retested the 5/19/21 all time low of $208.44,
when it opened with a 5.33% drop in an hour and 16 minutes,
dropping from $222.64 to a low of $210.77 :
There was even a 2nd quick retest of the all time low 41 minutes later :
By the end of that day, COIN had closed right where it had opened the day at!
The following day, 6/23/21, COIN continued to rise, hitting a temporary high of $230.47 at 10:46am, exactly 250 bars after the retest :
From there, COIN drops for the remainder of the day, but the following day, COIN goes back up to close 6/24/21 just below the $230.47 level.
Then, at the 6/25/21 opening, COIN falls sharply and quickly to just above the $222.64 level, where for the remainder of the day,
it trades horizontally in a very narrow channel :
Which brings us to this week.
Starting yesterday, after trading in between $222.64 and $230.47, COIN exploded, eventually raising $36.93 or 16.48% to a new relative high of $261.05 at 9:56am today.
We've remained just below this level until now :
Zooming out to the 30 minute candles,
we see that COIN has broken out of the relatively horizontal channel that it's been trading in for over a month now :
On the 1 hour timeframe, the indicators are a bit hot right now, especially the RSI.
The RSI and MACD are all at their highest levels in COIN's history.
The Bollinger Band Width is just below its highest level.
Volume is showing green, but I'm not seeing a substantial increase.
Comparing COIN to BITCOIN on the 3 hour scale shows that COIN had a significant spike up, relative to BITCOIN :
And that's pretty much where we stand as of now.
It's nice to finally see some decent upward momentum... something to get excited about.
Will COIN continue to rise in the upcoming days?
I'm starting to think so... and if it does, it will be interesting to see how the price reacts to the various key horizontal levels that we found on the way down.
Watch carefully. And keep your eye on BTC too, obviously.
I still believe that COIN has the potential to be a big winner, and I wish you all good luck in your COIN investments!
Thanks for checking out this update, and for your feedback and support. I appreciate it!
// Durbtrade
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