SamSuka
The Long Investor
The Long Investor

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$COIN

$COIN has reacted well to $BTC breaking out above its 200 Day MA.

It is up +6% now and testing its 50 Day MA at $190 to finish the week.

The important levels here are the 200 Day MA and the blue line which is between $200 and $204.

This will likely be the equivalent of $BTC breaking above the $69k level

So if you don't like $BTC, catching $COIN instead may suit you

Both have two very big tests coming up shortly.

$COIN

Comments

Good observation but no concern with it flipping immediately, it's really at the mercy of $BTC, I just can't see it lagging $BTC for too long if it breaks above $69k

Gareth Neary

How do you feel about the death cross and then (perhaps) immediately flipping it to the golden cross, is there a precedence for that?

Tom P


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