On the 
COIN Daily Chart, a clear fractal 8-count Elliott Wave sequence has formed with each peak aligning with RSI overbought conditions with the 3rd peak confirming resistance and retracements aligned with RSI oversold levels, confirming support. Volume patterns supported the sequence, showing strong participation during rallies and fading volume on pullbacks. A Golden Cross printed on June 24th, adding further bullish confluence before the recent retracement phase.
On the 15-minute chart, price is testing support while forming an inverted Head & Shoulders pattern. This setup is reinforced by bullish divergence on both Volume and RSI. A decisive breakout above the $317 neckline would invalidate the retracement structure and open the path toward the next major target at $400. A drop below $302 would invalidate the bullish setup.
COIN Daily Chart, a clear fractal 8-count Elliott Wave sequence has formed with each peak aligning with RSI overbought conditions with the 3rd peak confirming resistance and retracements aligned with RSI oversold levels, confirming support. Volume patterns supported the sequence, showing strong participation during rallies and fading volume on pullbacks. A Golden Cross printed on June 24th, adding further bullish confluence before the recent retracement phase.On the 15-minute chart, price is testing support while forming an inverted Head & Shoulders pattern. This setup is reinforced by bullish divergence on both Volume and RSI. A decisive breakout above the $317 neckline would invalidate the retracement structure and open the path toward the next major target at $400. A drop below $302 would invalidate the bullish setup.
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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.