COIN 200% Upside Potential?Interesting setup here on COIN.
My primary analysis was with the 4D, on that chart price as recaptured momentum and bias (the RDA).
So I dropped down to the daily to verify the pattern is holding and if the signals cascade down. They did.
Below is where I'll enter this trade, I might start on market open today regardless of if it gets to this zone.
Scale is done on the 60m and 5m charts on momentum and bias shifts.
SL is obvious, solid close below 34.70 cut position or take risk, scaling in more with the expectation of impulse up, then exit if follow thru does not happen.
Timeframe: who knows, but if price on D and 4D stays above RDA and momentum long there's really no reason to get out of the trade.