After entering a fresh “Go” trend at the beginning of the month, $COIN has seen prices consolidate this week.
Price is now testing support at a level that was resistance during the recent basing pattern. GoNoGo Oscillator has been above zero and finding support there since mid July is once again testing the zero line on heavy volume from above. If the zero line holds as support again, we will know that momentum remains in the direction of the “Go” trend and we can expect price to try to move higher.