Long

COIN BASE LONG FORECAST

Updated

Im closing my shorts at 52 and will be gong long around the 2 target levels im expecting resistance around the yellow levels when the long beings but if they break im going to be pyramiding more long entries

from a fundamental standpoint im still bearish on the overall market as the fed needs to raise interest rates to lower inflation
and u know higher interest rates make it difficult for businesses to you get the gist
plus people getting layoffs erryweek

so if price fails to break my yellow levels ill be seeking short continuations

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Change of plans im taking an entry now if it flops ill re enter later mt sl 56.2

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STILL KEEPING MY EYES PEELED THIS IS THE CONTINUATION SETUP OF THIS FLOPS THE CONFLUENCE ON MY ANALYSIS ADDS UP BUT ITS BETA WITH BTC AND NDQ ARE UNDENIABLE THIS MAKING IT A LIL DIFFICULT AS THE CONFLUENCES ARE DEVIATING IN MY COMPARISON

THAT SAID IF THE REJECTION FAILS IM SHORTING TO THE NEXT LEVEL
THEN ILL SEE IF A SETUP PRESENTS ITSELF AT THE LAST LEVEL IF NOT ILL BE USING THIS CHART AGAIN

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i got my rejection slightly above 52.2

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despite getting the rejection im done with coinbase thats all folks

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before i leave this analysis for good

cpi inflation was weak today compared to the rates we getting so u know
the fundamentals we definietly need higher rates to lower inflation n that means less loaning n bad for business that said markets got a long way to go my advice for investors look at businesses u know are worth it wait for the discount

like and follow for other stock picks

that said im fundamentally short and am out till i see a bearish setup in my confluence

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Tye second yellow nearly hit that said back to short swings

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WE IN THE MONEY

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Didnt update but confluence met

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2nd time at yellow another short coming a very depressing one but i dont think it will break the lowest low maybe just kiss our 46.37 entry

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was the short depressing lol -25% more shorting on the way

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REFLECTING ON

Bekiumuzi_Dube

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