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Coinbase Global Inc.(COIN:NASDAQ) Elliott Wave Technical Analysis 22 May 23


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Coinbase Global Inc., Elliott Wave Technical Analysis
Coinbase Global Inc., (COIN:NASDAQ): Daily Chart, 22 May 23,
COIN Stock Market Analysis: Looking for further downside into wave {iii} as we have successfully completed the triangle in wave 4 and we seem to have started moving lower into wave 5.
COIN Elliott Wave Count: Wave {ii} of 5.
COIN Technical Indicators: 20EMA as resistance.
COIN Trading Strategy: Looking for further downside to unfold soon, wave count invalidation is a break north of 72.9$.
TradingLounge Analyst: Alessio Barretta
 
COIN_5_22.png.74ae70d055332be1e4977dd16843d632.png
 
 

 
Coinbase Global Inc., COIN: 4-hour Chart, 22 May 23,
Coinbase Global Inc., Elliott Wave Technical Analysis
COIN Stock Market Analysis: Looking for downside into wave (iii) of {iii} therefore I do expect an acceleration lower. If not, then we can start thinking either wave {ii} is not finished or else the whole count is compromised.
COIN Elliott Wave count:  Wave (iii) of {iii}
COIN Technical Indicators: 200EMA as resistance.
COIN Trading Strategy: Looking for downside into wave (iii).
COIN_4H.png.25ef05181b096f033d7f9500d9ac4e4d.png
 
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