The Long Investor
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$COIN
🕑 Added 2025-04-22 12:22:37 +0000 UTCI think as long as there is a market for Crypto then $COIN will survive and likely thrive but it is at the mercy of Crypto's movement.
$BTC has held well but everything else has sold off in the crypto world and that is why $COIN has pulled back to its 0.618 Fib after hitting at high or $349, just shy of the $369 target at the blue line.
The downside risk here is the next support level at $100 on the 0.78 Fib.
But there is a cup and handle formation here and this is common on a lot of charts right now.
If there is to be a crypto revival, $COIN will benefit from it.
Comments
TommyJR
SP500 helps
DiegoTheSabre17
Hey Cap - This decline is too steep to be counted as anything but a Wave 2. Would you agree?
Gareth Neary
So what wave would typically be at the 0.618 Fib?
Ken Miller
I can't tell if it's in wave A or wave C.
