Click Here🖱️ and scroll down👇 for the technicals, and more behind this analysis!!!
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..........✋NFA👍..........
📈Technical/Fundamental/Target Standpoint⬅️
1.) Technical Outlook:
- Limited Upside: With $306 as a potential resistance level.
- Downside Risk: A bearish scenario is also possible, with $230 as a potential support level.
2.) Fundamental Factors:
- Potential for Regulatory Clarity: The anticipated change in US presidential administration could lead to more favorable crypto regulations. This could positively impact COIN's long-term prospects.
- Uncertain Timing: While positive regulatory developments are anticipated, the exact timeline for their implementation remains uncertain.
3.) Current Market Condition:
- Downtrend: The current downtrend on the daily timeframe suggests a bearish bias in the short term.
- Lack of Accumulation: The absence of significant accumulation signals a lack of strong buying pressure.
4.) Overall Outlook:
- Sideways Trading: Based on the current technical and fundamental factors, a period of sideways trading seems likely for COIN.
🌎Global Market Sentiment⬅️
1.) January Caution: Historically, January has shown a tendency for negative monthly closes. This trend extends to March and April, suggesting a period of caution for investors.
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...🎉🎉🎉Before You Go🎉🎉🎉…
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Leave a like👍 and/or comment💬.
We appreciate and value everyone's feedback!
- assetsandcoffee📈☕
________________________________________________________
________________________________________________________
..........✋NFA👍..........
📈Technical/Fundamental/Target Standpoint⬅️
1.) Technical Outlook:
- Limited Upside: With $306 as a potential resistance level.
- Downside Risk: A bearish scenario is also possible, with $230 as a potential support level.
2.) Fundamental Factors:
- Potential for Regulatory Clarity: The anticipated change in US presidential administration could lead to more favorable crypto regulations. This could positively impact COIN's long-term prospects.
- Uncertain Timing: While positive regulatory developments are anticipated, the exact timeline for their implementation remains uncertain.
3.) Current Market Condition:
- Downtrend: The current downtrend on the daily timeframe suggests a bearish bias in the short term.
- Lack of Accumulation: The absence of significant accumulation signals a lack of strong buying pressure.
4.) Overall Outlook:
- Sideways Trading: Based on the current technical and fundamental factors, a period of sideways trading seems likely for COIN.
🌎Global Market Sentiment⬅️
1.) January Caution: Historically, January has shown a tendency for negative monthly closes. This trend extends to March and April, suggesting a period of caution for investors.
==============================
...🎉🎉🎉Before You Go🎉🎉🎉…
==============================
Leave a like👍 and/or comment💬.
We appreciate and value everyone's feedback!
- assetsandcoffee📈☕
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.