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[/et_pb_text][et_pb_text _builder_version=”4.12.0″ _module_preset=”default” global_colors_info=”{}”]All right, good day, folks. Today we’re taking a look at Coinbase ticker is ce o i n. Obviously this is a newer issue that was that came out in April of 2021. So we have zero seasonal data on it. But now that we are post earnings, we had earnings yesterday, causing coin COI n to drop over 10% due to slower trading in the crypto space. Now, I’m going to show you where I think crypto could be heading next. So what we’re going to do is we’re looking at a monthly and the top left, weekly on the bottom left, and then the daily on the right, top down analysis. So I’m going to draw a rectangle here, encompassing the last major swing, which is effectively the IPO range here, which was effectively the IPO price back in here and that first week of trading in April, taking it from the high of the move all the way up here around 424 425. Down to the close of that bar, which was around 345. And you can see it projected. This projects this price zone, this price area in that range. And since we have traded up into has taken several months to get here. But you can see we’ve now traded back up into this range, which would have been already been pre identified prior to earnings. We’ve traded into that range in the sellers came in and they rejected any more buying coming in right now. So what is next, if we do not take out these highs appear at 367 370. I think there are two a couple of different areas we’re likely headed. The first one is going to be down here to this. This last swing low down here at around the 250 to 230. area, this was the last swing low before the market pushed higher causing newer highs. Secondly, I think this area right here, basically this area of resistance will now turn into support. And then if we take our fib tool from this swing high down to these swing lows right here dispatches swing lows, you can see that one, the first area comes right around here at the 618 retracement level. Again, this was the last area that pushed up above resistance causing a breakout to new highs. And then the second area is this area that we identified on the weekly this 250 to 240 area, which brings us into a 786 Fibonacci ratio. So I’m looking for prices to come back down here into this 280 area to 80 to 270 as a potential buying area, then the next area 250 to 240. Again, we’re not going to blindly buy at these areas, we want to see what kind of reaction we’re getting some type of confirmation that price will hold that that support will hold true. And then we’ll look to take it back up to these levels as far as target, which is 350. So that’s what we call Level Two level. We’re looking to trade from this level down back to these levels, and then back up to this level again. So that’s how I’m going to be playing coin. I’m gonna set some price alerts here, and we’ll see what happens[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
