COIN gearing up for near-term run
This is a play on the daily momentum that leads into an earnings run up on COIN.
Daily momentum is setting up to reverse to the buy side, with earnings roughly a month away, I believe we will see
COIN ride the recent crypto hype into into a run up before earnings.
Contrasted against RSI we also see a sharp rise the last few days, supporting a push to the buy side.
I don't believe it will be enough to breakCOIN through the daily/weekly resistance zone, and I do suspect that we'll see COIN bounce back below the resistance zone.
COIN has historically run up a bit before earnings, and dropped the days following.
I'll be holding shares long and look to dump about two days before their next earnings.
Even with strong earnings on their next report, I have no doubt that we'll see them report a loss for the quarter.
I will look not be looking to hold shares through earnings or ride the resulting volatility afterwards.
Daily momentum is setting up to reverse to the buy side, with earnings roughly a month away, I believe we will see
COIN ride the recent crypto hype into into a run up before earnings.Contrasted against RSI we also see a sharp rise the last few days, supporting a push to the buy side.
I don't believe it will be enough to break
COIN through the daily/weekly resistance zone, and I do suspect that we'll see COIN bounce back below the resistance zone. COIN has historically run up a bit before earnings, and dropped the days following. I'll be holding shares long and look to dump about two days before their next earnings.
Even with strong earnings on their next report, I have no doubt that we'll see them report a loss for the quarter.
I will look not be looking to hold shares through earnings or ride the resulting volatility afterwards.
Note
Relatively stagnant day, but it still looks like momentum on the daily chart is reversing. Keep a close eye on COIN
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.