Coin will continue to follow its bearish trajectory.
Trade closed: target reached
$233 balancing line / price target has been accomplished for this trade. We had effectively BTO Long Put on Friday June 7th; STC position for profit at 9:30 Market open. Effectively place BTO long call on Monday and sold it at 3:55PM while buying put positions anticipating the continuation down trend. We can now say that it would be judicious to exit this trade knowing 
COIN is hitting a major support level while in a up trend. We could see further distribution for this asset, but it looks like it will sideways back into its trend in the next few days. This is contingent to change based on cryptocurrency growth.
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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.