Peril awaits if we don't see support inside the Orange Triangle where the two arrows are drawn.
By peril I mean the $130'sor $120's
Basically right now is when support is required otherwise the dip is on it's way.
This is the day the arrows become significant. If GME goes belowapprox $14 there will be a lot of revision going on in the market.
Right now, the bulls aren't running, as the market searches for support at +$150.
Hold onto your hats for 1 day longer if support isn't gained. Clear medium term direction should be obtained by Thursday.
It's a bit early to do a detiled analysis, yet there are a few signs that CoinBase is turning for the better.
We can see the converging triangle coming to a head.
Heiken Ashi Candles are signalling a turn for the better along with a stronger upward tangent, tightlyly held now with a marked reduction in Volume
shown on this chart.
Price should reach inflexion point...
As seen here, we can observe a cup with handle pattern, which is usually followed by a substantial growth in share price.
This failed to occur.
We also saw a breach of the lower side of GME's wedge/triangle, followed by a forced rally (Pump).
This was not genuine support, hence the lower Daily highs allowed a continuation of the wedge.
We are now at the pointy...
