COIN - BUY! This is a market I looked at last week but here is why im going to be Long Term buying for this company now.
Firstly the fundamentals show that we have a very close and strong Demand zone that has already had a strong reaction, secondly this happens to be sitting near a key level that price is also respecting as a support level.
We can notice prior the Demand zone touch that we have swept Sell side Liquidity and now price is very clearly Consolidating. Except, we have had multiple reactions from this level and Elliot's now suggests that the end of that Consolidation cycle is here.
Im looking to buy in a Market order, to add confluence to my decisions this market runs off the Nas100 which is also in a key level on a very strong Bullish Trend.
Im looking for this to be a very large move with respecting the Demand and hopefully taking out Buy side Liquidity and on its way into a new Swing Range
Good luck to all the traders that Decide to follow and please message and comment any questions
Cheers