COIN, Inverse Head and shoulders pattern?

25 Nis 2023

COIN could be forming an Inverse Head and Shoulder's pattern if this $ 50 area holds.

Validation above the $ 85-90 area.

Target is the distance from the bottom to the top of the shoulders which also happens to coincide with the 100 EMA.

TCD

21 Ağu 2023

İşlem aktif

Holding.

24 Mar 2024

Not

While I do think coin will eventually go higher, I only have a small position left. I have moved most of my position into Bitcoin itself. The logic is that I believe BTC could do a 3x or more from here. While the upside for COIN will most likely be capped at a 2-2.5x. Of course it could certainly go higher, but there is more liquidity that allows me to hedge my Bitcoin position in the event I need to, plus I believe BTC has more upside from here.