COIN - False Breakout
No news rip, looking to be a false breakout on this pennant. Expecting reversal to the downside.
Note
RSI on the 1H, 4H overboughtNote
Note
Based on pennant and fib levels:PT1: 60
PT2: 53
PT3: 43
Trade closed: target reached
Closed yesterday at opening bell. Flawless play.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.