The Crypto Space - Clarity Through COIN

12月6日

COIN has had a phenomenal run since the beginning of 2023, currently up about 1,100% within 2 years!

In this Elliott Wave Analysis, I present my view of where I think Coinbase will stall and fall.

So far the sequence is filling up nicely and has presented, those with a keen eye, several opportunities to join the 11x party :)

As per this 2 day chart, I believe we are quite close to completing w3 of w(5). In terms of EW, the chart is very clean and has been bouncing off Fibonacci support and resistance, for each wave degree, with relative precision.

I would like to see price tag $353 - $375 then drop to $300 - $271, before proceeding to a new high between $416 - $457 to complete a full five wave sequence from the 2023 lows.

The sell off, thereafter, should be significant and if the space survives will present another opportunity for similar or greater returns during the next cycle.

This should also coincide with a cyclical top across the cryptoverse.

What are your thoughts?