• Long-Term Bullish Trend and Pattern: The price action for COIN exhibits a clear long-term bullish trend, contained within an ascending channel (demarcated by the green and red dashed trendlines). A prominent "Cup and Handle" pattern appears to have developed, with the blue arc delineating the "cup" phase and the subsequent period of consolidation forming the "handle."
• Current Consolidation and Key Levels: Following the completion of the "cup" and a test of its rim, the price has entered a consolidation phase, depicted as a descending channel (white box) which constitutes the "handle." The current price is positioned near the upper boundary of this consolidation, resting above an "Intermediate support" level at $270 and a "Short-term Support" zone between 220- 230.
• Defined Support and Resistance Zones: Multiple significant horizontal support and resistance levels are identified. Stronger, more historical support zones are marked at 145−165 and 115−130. Overhead, a "Key Resistance Level" at $350 coincides with the cup's prior high, representing a major hurdle for further upside.
• Projected Price Pathways: The chart outlines an implied bullish continuation scenario (purple dotted path) where the price breaks out of the handle consolidation. This projected path targets immediate levels around 290−300, followed by a potential retest and breach of the $350 key resistance, with a subsequent "Long-Term Target" set at approximately $430 within the confines of the primary ascending channel.
Disclaimer:
The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
• Current Consolidation and Key Levels: Following the completion of the "cup" and a test of its rim, the price has entered a consolidation phase, depicted as a descending channel (white box) which constitutes the "handle." The current price is positioned near the upper boundary of this consolidation, resting above an "Intermediate support" level at $270 and a "Short-term Support" zone between 220- 230.
• Defined Support and Resistance Zones: Multiple significant horizontal support and resistance levels are identified. Stronger, more historical support zones are marked at 145−165 and 115−130. Overhead, a "Key Resistance Level" at $350 coincides with the cup's prior high, representing a major hurdle for further upside.
• Projected Price Pathways: The chart outlines an implied bullish continuation scenario (purple dotted path) where the price breaks out of the handle consolidation. This projected path targets immediate levels around 290−300, followed by a potential retest and breach of the $350 key resistance, with a subsequent "Long-Term Target" set at approximately $430 within the confines of the primary ascending channel.
Disclaimer:
The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.