COIN Just CROSSED 50 Day MA. Any Suggestion??

[john_for_u80]

Planning to buy coin now, any suggestion? Do you think 3 white soldiers have formed & it will pullback or crossing 50 DMA will take this much higher.

Thanks!

[TheChartGuru]

Planning to buy coin now, any suggestion? Do you think 3 white soldiers have formed & it will pullback or crossing 50 DMA will take this much higher.

Thanks!

I was short COIN and covered. Now I'm short again. COIN pulled back when it touched the daily ma50. Currently the 30 minute MA21 has crossed below the MA50. I'm short 1000 shares at $10.99

The Guru has spoken

[TheChartGuru]

I was short COIN and covered. Now I'm short again. COIN pulled back when it touched the daily ma50. Currently the 30 minute MA21 has crossed below the MA50. I'm short 1000 shares at $10.99

The Guru has spoken

COIN also has resistance at the Fib 38.2% at $11.40

[Chart Robot]

2936

[TheChartGuru]

I was short COIN and covered. Now I'm short again. COIN pulled back when it touched the daily ma50. Currently the 30 minute MA21 has crossed below the MA50. I'm short 1000 shares at $10.99

The Guru has spoken

Correction, the ma21/ma51 crossover was on the 15 minute chart. I went short when I saw the price drop below the ma21 on the 30 minute chart and did not crossover the ma21 on the next bounce. COIN is currently, $10.29

The Guru has spoken

[TheChartGuru]

I expect a fast drop below $10.20 if COIN doesn't hold above its Fib 61.8 fan line at $10.21 on the intra day chart.

The Guru has spoken

[nickel_buck_fifty]

TheChartGuru is this the point that you are talking about?

2937

Thanks,
nickel

[TheChartGuru]

TheChartGuru is this the point that you are talking about?

2937

Thanks,
nickel

Yeeeeeeeees, nice chart :)

If you include a MA(200), you'll see how COIN pulled back when it touched it on the hourly and 30 minute chart. The MA(200) is very powerful on any time frame. COIN is very volatile, but I have done very well by simply trading the moves above and below the
30 minute ma21.

The Guru has spoken

[netwrangler]

Great to watch -

nickle-buck-fifty
Chart-guru
You help us 'fundies' to understand the meaning of a chart.
:wink:

[nickel_buck_fifty]

ok, added the 200ma

$10.10 is 51MA, do you think this will be resistance?

2940

thanks guru, always trying to learn

nickel