Coinbase GlobalTelah dikemas kini Coinbase Update: Wave iii target hit; Is iv already done?
Technically speaking, we have a 3-wave move off the $150.35 high. The MACD on the 15min chart came down and is hovering above the zero line. The 3min MACD appears to be gaining strength for an upward movement. These all point to wave iv being done already and us heading higher again tomorrow to start wave v of (i).
Looking at the 3min micro chart though, MACD made a bottom on the $145.80 low. This suggests there is further downside coming up. Not to mention the wave ii was very shallow and short, meaning for the alternation theory to remain intact, iv should be deep and long. A standard wave iv should cause price to lower again tomorrow into the target box for a mini-wave c.
Either way, rather iv is done or not, both counts point to the larger box to finish out wave v of (i). After wave (i) is finished I expect us to make a 3-wave retrace for wave (ii). Until this current move higher finishes though, I can't give accurate targets for the retrace down. As of now this trade is up almost 24%. Not too bad for 4 trading days, eh? Until tomorrow....
Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
Looking at the 3min micro chart though, MACD made a bottom on the $145.80 low. This suggests there is further downside coming up. Not to mention the wave ii was very shallow and short, meaning for the alternation theory to remain intact, iv should be deep and long. A standard wave iv should cause price to lower again tomorrow into the target box for a mini-wave c.
Either way, rather iv is done or not, both counts point to the larger box to finish out wave v of (i). After wave (i) is finished I expect us to make a 3-wave retrace for wave (ii). Until this current move higher finishes though, I can't give accurate targets for the retrace down. As of now this trade is up almost 24%. Not too bad for 4 trading days, eh? Until tomorrow....
Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
Nota
We've dropped into my next target box. I have my stop set at $137 to protect profits in case I'm off by a degree.
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.