This is a play on the daily momentum that leads into an earnings run up on $COIN.
Daily momentum is setting up to reverse to the buy side, with earnings roughly a month away, I believe we will see
COIN
ride the recent crypto hype into into a run up before earnings.
Contrasted against RSI we also see a sharp rise the last few days, supporting a push to the buy side.
I don't believe it will be enough to break
COIN
through the daily/weekly resistance zone, and I do suspect that we'll see
COIN
bounce back below the resistance zone.
COIN
has historically run up a bit before earnings, and dropped the days following.
I'll be holding shares long and look to dump about two days before their next earnings.
Even with strong earnings on their next report, I have no doubt that we'll see them report a loss for the quarter.
I will look not be looking to hold shares through earnings or ride the resulting volatility afterwards.
Daily momentum is setting up to reverse to the buy side, with earnings roughly a month away, I believe we will see
COIN
ride the recent crypto hype into into a run up before earnings. Contrasted against RSI we also see a sharp rise the last few days, supporting a push to the buy side.
I don't believe it will be enough to break
COIN
through the daily/weekly resistance zone, and I do suspect that we'll see
COIN
bounce back below the resistance zone.
COIN
has historically run up a bit before earnings, and dropped the days following. I'll be holding shares long and look to dump about two days before their next earnings.
Even with strong earnings on their next report, I have no doubt that we'll see them report a loss for the quarter.
I will look not be looking to hold shares through earnings or ride the resulting volatility afterwards.
Comment:
Relatively stagnant day, but it still looks like momentum on the daily chart is reversing. Keep a close eye on
COIN
COIN