$COIN about to go sub $100
While I'm a long term bull on 
COIN, I think in the short term we're heading much lower.
Was originally thinking that this move would bottom in the $140-150 range, but I now think that it's likely that we see a correction down to the gray box.
If we look at the chart,COIN formed a double top off the trend line. If we look at what happened last time this happened, price fell 85%+ down to the lows. I think something similar is about to happen where price falls quickly from here down to the gray box before end of the year.
That should present an amazing buying opportunity and then I thinkCOIN will enter it's next bull market which should take price well above the trend line.
Let's see what happens over the coming months.
COIN, I think in the short term we're heading much lower.Was originally thinking that this move would bottom in the $140-150 range, but I now think that it's likely that we see a correction down to the gray box.
If we look at the chart,
COIN formed a double top off the trend line. If we look at what happened last time this happened, price fell 85%+ down to the lows. I think something similar is about to happen where price falls quickly from here down to the gray box before end of the year.That should present an amazing buying opportunity and then I think
COIN will enter it's next bull market which should take price well above the trend line.Let's see what happens over the coming months.
注释
12 days of gains wiped out in 1 day. Bulls better hope for a bounce here at the 200DMA, otherwise the move down is going to get ugly fast.注释
Welp, now well below 200DMA. I think next level for a bounce is down at $122-125
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