Replies to post #1939 on Stock Incubator

[dalcindo]

Re: COIN - Weekly Chart: BULLISH

(re-posting)

COIN is turning bullish, although there remains some much needed confirmation:

For one, price is expected to meet significant resistance at the dashed blue line.

For two, a minor hurdle awaits the expected rally at the bearish channel's midlines, a resistance area that may be minor and should occur prior to the more imposing "dashed blue" resistance line, IMHO.

Overall, indicators are turning positive following a shallow retracement, suggestive of bullish support all along recent technical developments.


COIN - 3-Year, Weekly Chart:


- Dalcindo