COIN : STUCKCOIN is still stuck in the downward channel that it's been in for awhile now
(atleast, from this perspective).
It shifted upwards a bit yesterday, and is currently lodged underneath the 0.50 fib.
The 0.50 fib appears to be COIN's heaviest resistance within the channel
(and although COIN did break through the 0.50 fib temporarily twice before,
it was rejected at the 0.618 fib just above).
The 0.50 fib also hasn't offered much in terms of support when retested...
it appears that most of the support is coming from the 0.382 and 0.236 fib levels.
As with everyone else (I suppose) who might be considering COIN,
I'm still keeping an eye out for some significant upward price action,
or atleast something that resembles a price base.
I discovered a fascinating horizontal at $291.11,
but I'd obviously still need more before confirming anything.
Who knows, it could be weeks before it stops dropping...
or one day soon it could just start rolling uphill,
while I'm still looking for a bottom, never to come back.
No matter... for now, I'm still learning and having fun charting COIN.
And my outlook on COIN is still long long-term.
Enjoy!
// Durbtrade
Coin
DOGE Revives 70% as Crypto Market Continues to Struggle-DOGE falls nearly 65% from high
-Doge coin led the day in green while other coins continued to struggle
-A Falling wedge is being formed on the 4 HR
Doge has had a wild ride in April rising over 400%. The bullish rally has been halted as the cryptocurrency market continues its sell off. DOGE peaked at nearly $0.45 and sold off 65% at its low. The hype and euphoria surrounding doge only lasted so long. DOGE ended up flopping nearly 25% on anticipated 4/20 “Doge Day”.
The price of Doge has been forming a falling wedge the past few days. This pattern is technically bullish and the buy would be activated on breakout of top trend. Major support to hold is $0.262, If the price can continue to respect this level, DOGE may have a try at its major resistance level of $0.318. The price action shows DOGE may be in for another fall as the falling wedge pattern usually has a minimum of 2 rejections on each trend.
When Doge coin fell from its high of $0.40, It couldn’t hold any supports created the previous week. The price was finally held up by the MA 100. This level provided strong support for the price of DOGE as it rallied nearly 70% off its low of $0.15. If DOGE fails to hold $0.262 it could be in for another fall to the bottom trend of its falling wedge. This trend is around the strong support area of $0.15.
While looking at the regular RSI, we can see that the strength is managing to trend upwards, although it can be signaled as a bearish continuation trend until the 50 level can break and hold. The Stochastic RSI is telling a similar story as the strength has topped out in the overbought zone. Once the blue line crosses below the orange, a bearish wave down is expected.
DOGE intraday levels
Spot rate: $0.272
Trend: Bearish
Volatility: High
Support: $0.262
Resistance: $0.318
COIN: Strong Correlation with Bitcoin pricePerhaps it seems obvious, that COIN stock price would have a strong correlation with bitcoin price, but this theory has now been proven, that at least for now it is clear based on the charts.
So what is the move then? I will wait to buy into COIN, for when the next crypto major crash occurs. Having been trading in crypto since late 2014 let me make something very clear: it is not if, but when we will see a next major downward correction across the crypto market
Good luck all!
(Warning: not trading or financial advice)
BTC/USDT ideaAfter such a great bull run on the daily, it looks to be cooling off. Looking for a bounce around 50k mark but if that doesn't hold we could go lower 40k or less. has been some fun trades around on the 5/15min TF with profit of 5-10% then it gets rekt ha ha good luck trading
RSI has turned divergent
finally closed below the 50 EMA
keeping an eye out for a small bounce around 50k due to the whole number and its close to the 100 EMA cheers
Time proves how accurate is the analysis!I asked my followers not to participate in any opening day, why???
because I reviewed all the IPOed stocks in the past 3 years..! 80-85% will go down between 30-90% in a couple of weeks or months..!
Even big names did the same, do not believe ??? continue reading:
this is the result of research-backed trades..!
Interesting? not?
Learn From Past Experiences, History repeats itself in different ways!
don't believe it?
look at this:
Still don't believe?
I can not do anything to convince you not to put your money in the wrong place, you are good prey for the wolves of Wallstreet.
COIN : OUTCOIN bounces out of the descending channel that it's been rolling in since the beginning of the week.
Has a base of COIN been established at 300?
Starting with a horizontal ray at 310 (the bottom of the big drop),
I began using rays to connect the higher wicks together, and then the lows together.
After that, I extended some rays to the left and looked at where all the lines intersect.
Using these lines and points, I placed pitchfans, lining the outside edges up to the rays.
Once I established the main placement of the pitchfans,
I removed some unnecessary rays
and then edited the divisions of the pitchfans in the settings, lining up the divisions to wicks of the inner candles
in the most meaningful ways that I could.
If you zoom in you can see that every single line on the chart aligns with atleast 2 wicks or 2 candle bodies,
other lines line up with quite more.
Each line is specifically placed while considering wick importance and # of wicks aligned.
Fib spirals too.
2 triangles were then placed forming a pyramid structure
in order to express the fact that one of the reasons
that I am currently analyzing the trends in COIN price action in this way
is to try to establish a possible price base of COIN after its IPO fallout
to use as justification for a possible and timely buy in.
And here we are, 50 cents above that initial low point after the IPO.
Will COIN continue to roll downhill, or will it start bouncing higher?
I am not completely sure, and tomorrow this chart may look quite different than it does now.
It's fascinating.
Got my eye on COIN...
watching for a "heads bulls win, tails bears lose" scenario.
//Durbtrade
RAMP's Parabolic Path set for $5 PTI've already written quite a lot on RAMP's fundamentals. You can search for those here or on my profile but now I want to switch focus to RAMP's potential parabolic path with the launch of rMINT imminent.
rMINT
This will be the singular moment that really defines the main feature product of RAMP DeFi and what we've all been waiting for. The co-founder recently announced in an AMA on telegram that they are finishing up their beta testing with their VC backers (ParaFi Capital) before proceeding with the public rollout of rMINT next week. I currently am putting that launch date as April 21st - but of course that could be off by a day or two.
At any rate, the chart here shows a very potential path that RAMP could take after major milestones are reached - especially if there are more integrations with other major chains like DOT / UNI / LINK / ADA, etc and if a full launch on Coinbase's trading platform especially after the COIN IPO today - RAMP could go stratospheric and this could be a potential 50x return if everything aligns correctly.
Of course I want to remain level headed so I am maintaining my $5 PT on RAMP by month-end if everything launches on schedule and there are no delays. This parabolic path is based on several other cryptos that I've modeled the curve after.
RAMP Continuing its Parabolic Structure to $5+ Good time to BuyLots of upside here with RAMP imho - the project will be launching its main feature product rMINT net week after testing it in the beta phase with their VC investors.
Rollouts such as Coinbase Custody and Binance Staking are now live and set the scene for massive inflows of capital once additional features are rolled out in the coming days.
Stay tuned and I find this level extremely attractive to either pick up more RAMP to average down or to get your initial position heading into the weekend with the successful IPO of COIN now acting as a catalyst for further money to be invested into the crypto space as a whole .... where I fully expect DeFI space to receive the most attention.
Coinbase (COIN) Support & Resistance AreasStill so new. Lets see if we can hold a $310 support throughout month and trade past this channel to the upside or if we break further past $310 to the downside. If we trade more sideways throughout the month then it may be a good time to accumulate. It's very early but we'll see how this one plays out. The fundamentals for Coinbase are very strong.
Cheers! Much peace, love, health, and wealth.