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Coin

COIN | Analysis of the current situationToday, we will take a look at Coinbase. Currently, the price is down -26% since IPO. But what can we expect from here? * After 223 days of trading since IPO, we have some context to make Technical Analysis and make some quick conclusions. * We can see a clear transition between the beginning of the bearish movement to the sideways movement on the bottom and the beginning of a new bullish situation * Now we can see a cloned channel broken and a Flag pattern, finding support there. The proportions between impulses and corrections are clear so that we can make our first conclusion on a possible direction * IF the price breaks above "B" on the flag pattern, we will consider that as an activation level for our bullish view towards the 3 following levels: -FIRST: First fibo extension -SECOND: Previous ATH -THIRD: Second Fibo extension (final target) *For our view to stay valid, the price should not go below the cloned channel for more than a couple of candlesticks. Otherwise, the flag pattern will be invalid, and we should be open to a new bearish movement towards 240 (lower trendline of the ascending channel) Thanks for reading! Let us know in the comments any view or idea you have about this.
NASDAQ:COIN
by ThinkingAntsOk
3
Binance-Coin, Descending-Channel, Breakout Potential!Hello, Welcome to this analysis about Binance-Coin and the 4-hour timeframe perspectives. In recent times a dispute between Elon Musk and CZ Binance came across in which CZ Binance is accused by Elon Musk of not handling the exchange right and that the issue with dogecoins that can not be withdrawn from the exchange is "pretty shady", well since these suggestions actually Binance-Coin the exchange-own cryptocurrency by Binance bounced in the structure and is now in quite an interesting constellation, therefore I discovered all the important levels and upcoming determinations we need to consider with Binance-Coin and the established structure, upcoming determinations, and target-projections when this pivotal formation completes. As when looking at my chart we can watch there how Binance-Coin is building this major descending-channel-formation with several bounces within this formation and recently Binance-Coin bounced to the upside to test the upper-boundary of this main descending-channel together with the 600 USD resistance marked in my chart in orange. This will be a decisive development because when Binance-Coin manages to bounce finally above this upper-boundary this local ascending-channel will be completed as well as the descending-channel-formation with a bounce to the upside which will activate upper-target-zones and the 690 USD level marked in blue will be a likely projection to be appointed in this case. Taking these factors into consideration Binance-Coin is forming quite an interesting and worthwhile formational structure here that can show up with some determining potentials ahead of the upcoming times. In this case, for now, it will be important to await the final breakout before moving into the direction and coming to further conclusions as it is always necessary in such cases. Once this breakout happened and Binance-Coin has the ability to move forward with it to reach out to the target-zone the situation needs to be elevated anew and Binance-Coin needs to show if it manages to continue forward or a reversal emerges, it will be an important development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
4
Bitcoin: Reserve RiskReserve risk shows us the risk-reward balance which correlates to the confidence and conviction of long-term holders. The ratio between the current price of the coin (intention to sell) and the reaction of long-term holders (opportunity cost of not selling). When Reserse Risk is LOW, means that HODLer conviction is high and they refused to spend their coins, therefore it is a good time for investment. However, when the high reserve risk gives us a signal of increased incentive of sell. By looking at the picture below, we see that every bull peak shows us the incentive to sell the coin, more people are selling into the market strengths. In plain, the periods of overvaluation are usually short when long-term holders gain some profits by spending their coins. While bear market traders show bear behaviour and this period lasts longer where people accumulate coins, periods of undervaluation usually happen in the second half of the bear market. As shown on the picture above, strong hands still hodl their coins and refuse to sell. Consider current short term bear period as a strategic profit taken by smart money.
Long
by Elias-Lo
1