BNB Binance Coin Potential Retracement SoonIf you haven`t sold BNB on the triple top:
Then using the Fibonacci Retracement tool, I believe there will be a new buy opportunity in the $394 - $420 range!
S-COIN
Bitcoin consolidating and waiting for possible reversal SHORTI see Bitcoin as ready to fall as its next move. Short sellers are positioning. Volumes are falling
in a signal of capitulation. Relative strength is showing bearish divergence while price is in
consolidation. The boxes are checked and it is the weekend when the price volume trend is
typically sideways. This is demonstrated by the flatline PVT. I will short Bitcoin when I see
a bit of a volume push. I will reassess by crypto-related stock and options positions in due
diligence to protect risk.
Harmony Pattern prediction {Save to come back and compare}Based on study of harmonic patterns, this stock is forming the new top and it will complete the formation by around Tue, March 12th, then we will have the new bottom (after the pullback shaped) by around Monday, March 18th.
Save this prediction and come back on these dates and if you like how great this prediction was, i will teach you how to read market like this ✌️🍸🤑
Coinbase Stock Surpasses Initial Public Offering PriceThe stock price of Coinbase ( NASDAQ:COIN ) has surpassed its initial Public Offering (IPO) price for the first time in over two years, as Bitcoin ( CRYPTOCAP:BTC ) reached a new all-time high.
When the most prominent U.S. crypto exchange entered the public market through a direct listing in 2021, the Genesis price was $250 per share. Initially, the stock experienced a surge, reaching a peak of $350 per share in November 2021. However, it concluded its first year on the market with a 38% loss.
The following years saw Coinbase’s ( NASDAQ:COIN ) shares struggle as the cryptocurrency market plummeted and regulatory scrutiny from the SEC intensified. However, the past year has witnessed a dramatic turnaround for Coinbase ( NASDAQ:COIN ), thanks partly to Bitcoin’s price surge and the SEC’s approval of spot Bitcoin ETFs. As a result, Coinbase’s ( NASDAQ:COIN ) stock value has spiked by over 300% in the past 12 months.
The company’s stock surged over 5% today after the latest bull run saw CRYPTOCAP:BTC reach a new peak of $70,000, but Coinbase ( NASDAQ:COIN ) is not the only company benefiting from the current bull market. MicroStrategy Inc., the largest Bitcoin holder, also increased its shares by 113% in the past month. NVIDIA’s stock also rallied over 20% this month due to its close association with Bitcoin mining.
Despite Coinbase’s ( NASDAQ:COIN ) latest achievement, savvy investors who have held onto their shares since the beginning may not feel completely vindicated. By the end of 2022, the company’s stock had plummeted by 86%.
Nevertheless, Coinbase’s ( NASDAQ:COIN ) stock has been on an upward trajectory alongside the crypto market. The rise comes despite recent technical issues on Coinbase’s platform, where some users reported seeing zero balances.
MSTR oversold for a long tradeMSTR is now oversold but has a great earnings beat and the cryptomarkets surging to support
a bullish idea. The 15 minteu chart shows price sitting on support of the POC line of the
immediate volume profile. With confluence, it is above a fully horizontal lower VWAP line
that has no slope. Support and resistance horizontal zones are drawn in for reference purposes.
I will close my short position of the past day and switch sides here. The RSI indicator gives
reassurance as it has pivoted up from the bottom, especially the faster green line. Selling
volatility declared the bottom in the immediate term at the same time the relative volume
indicator printed a selling volume spiking black bar both immediately before the regular
market closed.
DOGE - Who Let The DOGE Out 🐶Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 DOGE has been overall bullish, trading above the blue trendline.
Moreover, the 0.15 marked in blue is a strong support zone.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and blue trendline.
📚 As per my trading style:
As #DOGE approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📈 In parallel, for the bulls to take over medium-term and start the next impulse movement, a break above the last major high in red at 0.175 is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Binance Coin can rise higher than resistance line and then fallHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some days ago started to rise in an upward channel, where it soon broke the 360 support level, which coincided with the buyer zone, and in a short time later reached the resistance line of the channel. After this price made the correction and then continued to rise in the channel to the current support level, which is located in the support area. In a short time, BNB broke this level too and soon reached the resistance line of the channel, but at once price turned around and exited of channel and then declined to the 400 level. After this movement, the price rebounded from this level and started to rise, but later it made a downward impulse to the 360 level. Soon, the price turned around and at once made a strong upward impulse back and even higher. So, at the moment, BNB trades very close to the resistance line, therefore I think Binance Coin can rise a little higher than the resistance line, after which the price will turn around and start to decline. For this case, I set my TP at - 420 points. Please share this idea with your friends and click Boost 🚀
Why Technical Analysis is enough to make profits in financial maif you only looked at charts and bought NVDA at 0.61 Fibonacci Retracement, you would be able to 8X your money. Yo don't need to look at any industry trends regarding AI or whatever. You don't need to look at balance sheet, cash flow or any other thing. If the information is important , you will be able to see it on the chart.
Of course if you combine both, you will be unstoppable.
#technicalanalysis #fundamentalanalysis
BLOK: Blockchain ETF Set up for Ultimate Bearish DeclineThe BLOK ETF in a Type 2 HOP Return of the Local Bearish Crab has rammed into the PCZ of a Bearish 5-0 with RSI Bearish Divergence and now seems to be prepared to go for a lower low which would align with Bearish reversals in MSTR, COIN and other similar stocks such as CLSK and MARA.
COINBASE rallying as it should since our last call. What's next?Coinbase Global, Inc. (COIN) has started an amazing rally following our February 05 buy signal (see chart below) and is headed towards the $285.00 Target:
We are modifying the Channel Up to make contact with all three Higher Lows as the Higher Highs comfortably fit the 0.786 Fibonacci Channel retracement level. As you can see all previous Higher Highs have been formed with a 1D candle closing below the 0.786 Fib and right now the price is sitting exactly on that level.
This indicates that as long as the stock doesn't clos a 1D candle above it, we may see one last short-term pull-back towards the 0.5 Fib before eventually reaching the $285.00 Target. If however a 1D candle does close above the 0.786 Fib, we do expect the current rally to continue straight to the Target.
Notice at the same time the 1D RSI entering the 2023 Resistance Zone. This is an unnoticed key dynamic as the previous Higher Highs were priced after the RSI got rejected on the Resistance Zone and it entered back blow the 70.00 overbought barrier. Keep an eye for a timely exit.
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$COIN Weekly Chart Double Top PierceNASDAQ:COIN Weekly Chart Double Top Pierce, A "double top with a pierce" is a bearish reversal pattern commonly observed in technical analysis, particularly in stock charts. It typically indicates a potential trend reversal from bullish to bearish.
- **Formation**: The pattern consists of two peaks (high points) that are approximately equal in height, separated by a trough (low point) in between. The first peak forms during an uptrend, followed by a decline to the trough. The price then rallies again to form the second peak, which is often at or near the same level as the first peak.
- **Pierce**: In a double top with a pierce pattern, the price briefly pierces above the high of the first peak before reversing downward. This pierce above the first peak can often trap bullish traders who see it as a breakout, but the subsequent reversal indicates a failure to sustain upward momentum.
- **Neckline**: A trendline drawn connecting the lows of the troughs forms the neckline of the pattern. The neckline acts as a support level, and a break below this level confirms the pattern.
- **Volume**: Volume tends to decrease as the pattern forms, then increases when the price breaks below the neckline, confirming the pattern.
- **Confirmation**: The pattern is confirmed when the price breaks decisively below the neckline on high volume. This breakout below the neckline suggests that bearish momentum has overcome previous buying pressure, signaling a potential trend reversal from bullish to bearish.
Traders often use the height of the pattern (from the peaks to the neckline) to estimate a potential price target once the pattern is confirmed. Overall, the double top with a pierce pattern is considered a reliable bearish signal, but like any technical pattern, it is not foolproof and should be used in conjunction with other forms of analysis.
[Coinbase] bullish- golden cross between MA50 and MA100
- MACD bullish divergence
- end of cryptos bear market
Bitcoin approaching $60,000. Getting closer to All-Time High!Bitcoin (BTC) Is getting closer to $60,000 and may eventually break the All-time High. There are a few ways to capitalize on BTC moves.
1. Direct purchase of crypto from crypto exchange like Coinbase
2. Invest in stocks associated with BTC. Examples include NASDAQ:MARA , AMEX:GBTC , NASDAQ:COIN , NASDAQ:RIOT , NASDAQ:MSTR
3. Invest in LEAPS options on the same stocks (powerful strategy)
4. Invest in ETFs associated with BTC. Examples include $ARKN, NASDAQ:IBIT , AMEX:HODL , AMEX:FBTC , AMEX:BITB
5. Invest in Bitcoin futures
Expect all of these to move up as BTC approaches $60,000
$HOOD Up On The Back Of $Bitcoin Breaking OutNASDAQ:HOOD Up On The Back Of $Bitcoin Breaking Out Should investors play the #Bitcoin bounce with proxies like NASDAQ:COIN and NASDAQ:HOOD , or buy into the currency itself?
Momentum, Growth & Innovation: Updated WatchlistMomentum, Growth & Innovation: Updated Watchlist
www.tradingview.com
My updated trading watchlist includes a diverse range of companies across various sectors, prominently featuring technology, healthcare, and finance, among others. These companies, currently part of ARK Invest's holdings, are identified as being in a confirmed Stage 2 uptrend, indicating strong bullish trends according to Mark Minervini's methodology. This analysis will highlight key sectors represented, providing a broad understanding of the market dynamics at play.
Technology Sector
Companies like NASDAQ: NASDAQ:AMD (Advanced Micro Devices Inc) NASDAQ: NASDAQ:MSFT (Microsoft) NASDAQ: NASDAQ:NVDA (NVIDIA Corporation) and NASDAQ: NASDAQ:GOOG (Alphabet) underscore the significant emphasis on technology, particularly in semiconductors, cloud computing, and artificial intelligence. These firms are at the forefront of innovation, driving trends in digital transformation, and represent strong growth opportunities as they capitalize on increasing demand for technology solutions.
Healthcare and Biotechnology
NASDAQ: NASDAQ:IONS (Ionis Pharmaceuticals) NASDAQ: NASDAQ:RXRX (Recursion Pharmaceuticals Inc) NYSE: NYSE:NET (Cloudflare) and NASDAQ: NASDAQ:VRTX (Vertex Pharmaceuticals Incorporated) highlight the focus on healthcare and biotechnology. This sector benefits from ongoing advancements in medical research, genetic sequencing, and personalized medicine. Companies in this space are pivotal in addressing global health challenges, including new therapies and vaccines, reflecting potential for significant impact and investment returns.
Finance and Cryptocurrency
With holdings like NYSE: NYSE:ICE (Intercontinental Exchange Inc) NASDAQ: NASDAQ:COIN (Coinbase Global Inc) and AMEX: BITO, there's a clear interest in financial services and the burgeoning field of cryptocurrencies. These selections point to the growing influence of digital assets and blockchain technology in reshaping financial transactions, investment strategies, and asset management.
Consumer Discretionary and E-Commerce
Companies such as NASDAQ: NASDAQ:AMZN (Amazon.com Inc) NYSE: NYSE:SHOP (Shopify Inc.) and NASDAQ: NASDAQ:MELI (MercadoLibre) represent the e-commerce and consumer discretionary sectors. Their inclusion underscores the continued growth in online retail and digital consumer behaviors, accelerated by global shifts towards online shopping and digital platforms for goods and services.
Aerospace and Defense
With NYSE: NASDAQ:KTOS (Kratos Defense & Security Solutions Inc) NYSE: NYSE:LHX (L3Harris) and NASDAQ: NASDAQ:AVAV (AeroVironment Inc.) there's an acknowledgment of the importance of aerospace and defense. These companies are involved in cutting-edge technology for national security, space exploration, and unmanned aerial vehicles, sectors expected to see substantial growth due to increased defense spending and interest in space.
Conclusion
My watchlist reflects a strategic focus on high-growth sectors poised for continued expansion and innovation. By targeting companies within technology, healthcare, finance, consumer discretionary, and aerospace & defense, the list aligns with sectors that not only have strong current performance but also hold future growth potential.
JUST IN: Judge fines #Binance $4.3 billion in US plea $BNB**Breaking News**: In a **stunning blow** to the cryptocurrency giant, **Binance**, a U.S. judge has **slammed down a record-breaking $4.3 billion fine**. The verdict comes after Binance **pleaded guilty** to **serious violations** of anti-money laundering regulations and sanctions protocols. 🚫💰
The once-prominent exchange, known for its global reach and massive trading volumes, now faces a **financial tsunami** that could **ripple through the crypto market**. The judge's ruling sends a clear message: **no one is above the law**, not even the behemoth of digital currencies.
As the news reverberates across the financial world, Binance's CEO, Changpeng Zhao, is reportedly **reeling from the blow**. The company's reputation, once untouchable, now lies in tatters. Investors are **dumping their holdings**, fearing further repercussions. The crypto community, once fervently loyal, is now **questioning its allegiance**.
The $4.3 billion fine is a **crippling blow**. It's not just a monetary penalty; it's a **symbolic gut punch**. Binance's empire, built on the promise of decentralization and financial freedom, now stands on shaky ground. The judge's gavel has shattered that illusion, leaving behind a trail of uncertainty and doubt.
And what about the millions of users who trusted Binance with their hard-earned funds? They're left wondering: **Is this the end of an era?** Will Binance survive this unprecedented setback? Or will it become a cautionary tale for the crypto industry?
As the dust settles, one thing is certain: the crypto landscape will never be the same. The **mighty have fallen**, and the echoes of this judgment will resonate for years to come. Brace yourselves, fellow investors, for the storm is here, and it's named **regulation**. 🌪️📉
Sources:
1. (www.msn.com)
2. (variety.com)
3. (www.cnbctv18.com)
4. (www.techtimes.com)
Sursă: conversație cu Bing, 24.02.2024
(1) Judge Approves Binance’s $4.3 Billion Settlement For Anti-Money ... - MSN. www.msn.com
(2) Binance, world's largest crypto exchange, to pay $4.3 billion fine as .... bing.com
(3) Binance to Pay $4.3B to Settle Money-Laundering Charges, CEO Resigns. variety.com
(4) Binance to pay record $4.3 billion fine for breaking US anti-money .... www.cnbctv18.com
(5) Binance to Pay $4.3B for Sanctions, As US Judge Approved Plea Deal. www.techtimes.com
Coinbase's Resurgence: From Losses to ProfitsCoinbase Global ( NASDAQ:COIN ) has surged back into profitability, marking its first quarterly profit since 2021. The resurgence comes amidst a renewed interest in cryptocurrencies, fueled by the recent approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).
The Crypto Boom:
The approval of spot bitcoin ETFs by the SEC has reignited investor enthusiasm for cryptocurrencies. This pivotal decision has propelled bitcoin's price to a staggering 57% increase in the final quarter of 2023, creating a surge in trading volumes for platforms like Coinbase.
Coinbase's Stellar Performance:
Coinbase ( NASDAQ:COIN ) reported a staggering 64% jump in transaction revenue, reaching $529.3 million in the fourth quarter. This robust performance has surpassed both internal expectations and Street consensus, signaling a strong comeback for the exchange.
Diversification Strategies:
Beyond trading, Coinbase ( NASDAQ:COIN ) has strategically diversified its revenue streams. The subscription and services unit, which includes businesses beyond trading, saw a substantial revenue increase of nearly 33% to $375.4 million. Stablecoin revenue, particularly from the partnership with fintech firm Circle, emerged as a significant contributor to this growth.
Stablecoin Boom and Federal Reserve's Impact:
The interest earned from stablecoins, such as the USD Coin (USDC), has become a lucrative revenue stream for Coinbase ( NASDAQ:COIN ). Partnering with Circle, Coinbase ( NASDAQ:COIN ) has capitalized on the interest generated by reserves backing USDC. Moreover, the Federal Reserve's interest rate hikes have further boosted Coinbase's income, showcasing the symbiotic relationship between traditional monetary policies and the burgeoning crypto market.
Analyst Insights and Long-term Concerns:
Despite the euphoria surrounding Coinbase's profitability, analysts, like Michael Elliott from CFRA Research, express caution regarding the potential impact of spot ETFs on Coinbase's market dominance. There are apprehensions that the availability of spot ETFs may divert investors to seek crypto exposure elsewhere, posing a challenge to Coinbase's continued growth trajectory.
Conclusion:
Coinbase's ( NASDAQ:COIN ) journey from losses to profits exemplifies the dynamic nature of the cryptocurrency landscape. The approval of spot bitcoin ETFs has undoubtedly fueled Coinbase's resurgence, but challenges loom on the horizon. As the crypto market evolves, Coinbase ( NASDAQ:COIN ) must navigate shifting investor preferences and intensifying competition to maintain its position as a leading exchange platform.
Coinbase Bounces Back Strong: Profits Surge as Crypto Rides High
In a resounding testament to its resilience, Coinbase (NASDAQ: NASDAQ:COIN ), the leading cryptocurrency exchange, has surged back into profitability with a staggering $273.4 million profit in the fourth quarter of 2023. This remarkable turnaround comes on the heels of a tumultuous period marked by regulatory challenges, market volatility, and legal disputes. As the crypto market roars back to life, Coinbase ( NASDAQ:COIN ) emerges as a beacon of stability and strength, poised to capitalize on the burgeoning opportunities ahead.
A Profitable Rebound:
After weathering a storm of adversity, Coinbase ( NASDAQ:COIN ) has emerged stronger than ever, reporting a remarkable turnaround from a loss of $557 million in the same quarter a year ago to a profit of $273.4 million. This impressive feat can largely be attributed to the company's strategic initiatives, including the bolstering of its balance sheet by reducing debt by $413 million and leveraging its stablecoin reserves to generate higher interest income.
Stablecoin Resilience:
One of the key drivers behind Coinbase's ( NASDAQ:COIN ) resurgence has been the impressive performance of its USD Coin (USDC) stablecoin. With a staggering 18% jump in interest income to $171.6 million, USDC has played a pivotal role in shoring up the exchange's profitability. This underscores the growing importance of stablecoins in the crypto ecosystem and highlights Coinbase's adeptness in capitalizing on this emerging trend.
Regulatory Battles and Legal Challenges:
Despite its remarkable financial performance, Coinbase ( NASDAQ:COIN ) continues to grapple with regulatory uncertainties and legal disputes. The Securities and Exchange Commission's lawsuit alleging the sale of unregistered securities through its staking service looms large, casting a shadow of uncertainty over the company's future. Nevertheless, Coinbase ( NASDAQ:COIN ) remains undeterred, vigorously contesting the lawsuit as it navigates the complex regulatory landscape.
Riding the Crypto Wave:
Coinbase's ( NASDAQ:COIN ) resurgence mirrors the broader revival of the cryptocurrency market, fueled by the meteoric rise of Bitcoin and the approval of crypto exchange-traded fund (ETF) proposals. As Bitcoin soared to new heights throughout 2023, Coinbase stood as a steadfast custodian, providing essential services to spot Bitcoin issuers and cementing its position as a cornerstone of the crypto sphere.
Looking Ahead:
Buoyed by its robust financial performance and strengthened market position, Coinbase ( NASDAQ:COIN ) is poised to capitalize on the myriad opportunities that lie ahead. With its unwavering commitment to innovation, regulatory compliance, and customer satisfaction, the company is well-positioned to navigate the evolving crypto landscape and drive sustainable growth in the years to come.
Conclusion:
In the face of adversity, Coinbase ( NASDAQ:COIN ) has emerged as a shining example of resilience and adaptability. With its triumphant return to profitability and unwavering commitment to excellence, the company stands poised to shape the future of finance in an increasingly digital world. As the crypto revolution gathers momentum, Coinbase ( NASDAQ:COIN ) remains at the forefront, leading the charge towards a more inclusive and decentralized financial ecosystem.
COINBASE: The lengthy BUY/SELL wave pattern to $280.Coinbase is trading on its 1D MA50 on a marginally bullish 1D technical outlook (RSI = 55.372, MACD = -1.520, ADX = 34.856) despite the recent breakout. The long term pattern is a Channel Down and according to the Wave Structure of the HH and HL levels, we still have another 30 days (March 14th) until the bottom of the current Wave, which should at all times be supported by the 0.618 Fibonacci level and of course the 1D MA200.
When the 1D RSI crosses over the LH trendline, we will have a buy signal regardless of the price level. The range between each HH-to-HH and HL-to-HL isn't absolute but is close, well balanced and as you can see, fairly symmetric. Our target is at +144.50% from the recent low (TP = 280.00).
See how our prior idea has worked out:
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Binance Coin can correct to support area and then start move upHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that the price a not long time ago rebounded from the resistance line of the triangle, and in a short time declined to the support line, thereby breaking the 300 support level, which coincided with the buyer zone. But then, the price bounced from the support line and soon rose back to the resistance level, breaking the 300 level one more time, after which BNB later exited from the triangle and tired to rise more, but failed and made correction to the support level. After correction, BNB made a strong upward impulse to 316 current support level, which coincided with the support area and in a short time later broke this level too. As well, the price started to trades in a range, where it rose to the top part and some time traded near, but not a long time ago BNB rebounded and declined to the 316 level, where the price continues to trades near to this day. In my mind, Binance Coin can fall to the support area, where it will turn around and start to move up in range. Therefore I set my target at 323 points. Please share this idea with your friends and click Boost 🚀
HelenP. I BNB can rebound up of trend line, exiting of triangleHi folks today I'm prepared for you Binance Coin analytics. Some days ago price bounced from the support level, which coincided with the support zone, and declined to 290 points. But soon, the price backed up and broke the 300 level, after which it made a retest and then made a strong impulse up to the resistance zone. Reaching this zone, which coincided with the resistance level, BNB tried to break this level, but soon made a correction below, after which it turned around and made impulse up higher than the 315 level, breaking it. Later price turned around and made a strong impulse down to the trend line, breaking the 300 and 315 levels, but soon BNB rebounded from the trend line and rose back to the support level. Next, Binance Coin rose to the resistance zone, after which the price turned around and in a short time declined to the 300 level, where it some time traded and later bounced up, forming a triangle pattern. A not long time ago price rebounded from the resistance line to the trend line, where BNB continues to trades near now. For my mind, I expect that Binance Coin will correct to the trend line again, after which the price can rebound and start to move up to the 310 level, thereby exiting from the triangle pattern. If you like my analytics you may support me with your like/comment ❤️
COINBASE Has it found a bottom? Caution if it breaks this level.Last time we looked into Coinbase (COIN), we set a long-term target of $150 (November 14 2023, see chart below) that was easily surpassed:
At the moment the stock is on a short-term pull-back following the rejection near the 1D MA50 (blue trend-line). It is approaching a dangerous level, the 0.5 Fibonacci of the Channel Up, which is its middle but most of all the 116.50 level which is the former Resistance level (two Highs on August 04 2022 and on July 14 2023) that could now turn into Support.
If it holds, we can expect a rebound targeting $285, which would be a +146.82% rise, above the top (Higher Highs trend-line) of the Channel Up. If it closes a 1D candle below it though, we expect the price to seek the maximum % decline it has had within this pattern, -47.15%, which would bring the stock around $100 and would be technical test of the 1D MA200 (orange trend-line) and an excellent long-term buy entry, which is what took place on the October 27 2023 bottom. In that case a +146.82% rise would be $245.00 and that would be our Target. Note that at any given price, if the 1D RSI hits the 1-year Support Zone, it will be a solid buy entry regardless.
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Binance Coin can exit from wedge and decline to support levelHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price not long time ago made an upward impulse from 305 to 321 points, thereby breaking the resistance level, which coincided with the seller zone. After this price entered to downward wedge, where it rebounded from the resistance line and in a short time declined lower than the 312 level, breaking it again. Next, the price made a retest and declined until to support level, which coincided with the buyer zone, and soon BNB broke this level too and declined to support line of the wedge. Then the price turned around and made a strong upward impulse to the seller zone, breaking the 296 level one more time. After this movement, BNB rebounded from the seller zone and made correction to the buyer zone, after which the price bounced and tried to rise, but failed and declined to support line. Recently Binance Coin rebounded from this line and started to move up, so I think the price can make a small movement up, after which it will turn around and continue to decline to the support level, thereby exiting from the downward wedge. For this case, I set my target at the 296 level. Please share this idea with your friends and click Boost 🚀
