COIN - Trendline Fun

6月26日

It's always interesting to see what kind of different angles you can come up with using simple trendlines. Trendlines are one of the most important tools I have for determining trend and it will always be the first thing I look for. I'm always asking myself, what is the current primary and secondary trend? Is there a minor trend? Drawing trendlines like these can help. I wouldn't normally have such a mess of a chart, but I do like these examples of different trendline angles. No matter how you slice it, the trend is down, except for that one ascending trendline I have just below the current price, I see that as a last line of defense for bulls.