$COIN got its rejection at the 200 Day MA again like we spoke about in the previous post so this is following our count very well here.
This is the second time the price has rejected at the 200 Day MA, so further confirmation that the 200 Day MA on the 1hr is in control here.
We can also see that the 50 Day MA has been lost too and the price is below this now.
Seeing some weakness with $BTC today aswell, so this is probably not helping $COIN but certainly helping this follow our chart.
Sit put here until this goes a lot lower before adding.
Peter Mocca
2023-09-11 22:22:47 +0000 UTC