SamSuka
The Long Investor
The Long Investor

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$COIN

Relief bounce yesterday followed by a difficult day today, as trouble continues with Binance and $COIN, we spoke before that we expect further issues to develop.

On the chart, price rejected at the 50 and 200 Day MA on the 1hr chart today....the 50 Day MA looks to be crossing down through the 200 Day MA next, which is a bearish signal.

For now, $COIN needs to stay in this wedge or a break down will certainly bring this down to the low $30's.

$COIN

Comments

Thanks again.

Chemguy

In the low $30’s, certainly

Gareth Neary

Is this something you would go long on in the 30's? Would this be a buy zone for you? Thanks.

Chemguy


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