Dropping $COIN on Coinbase?

Dropping $COIN on Coinbase?


June 2022


Alex Cole

Ready to spend money on $COIN? This $COIN doesn't look ready to bounce back up.

After consolidating over the last month we saw GoNoGo Oscillator ride the zero line causing a max GoNoGo Squeeze as the grid climbed to its extremes. Finding resistance at the zero line tells that the "NoGo" trend is healthy.  Breaking out of the Squeeze into negative territory shows us that momentum has returned in the direction of the "NoGo'.  We saw a NoGo Trend Continuation Icon (red circle) appear above a recent price bar.  Look for price to set a new low below $40.