COIN BASE, LIKE A REAL BASE? OF COINS? CHART

8 nov

Trends are marked, as are price targets and guidelines—though the latter shouldn't be followed, they do project a significant move to maintain COIN's bullish trend over a longer period. Major resistance lines are noted; however, be vigilant for a trend break, which could signal an exit if you're trading. The maximum I foresee is around 525, but if the crypto market surges, those numbers could climb higher. Currently, if you're skeptical about a 'squeeze,' safer numbers are provided. I've attempted to include both bearish and bullish targets, both of which have the potential to exceed expectations. The yellow circle indicates a potential "breakout zone," but as this extends over time, it could also present significant resistance, so it's a matter of risk levels and what you're comfortable investing at that point.

For the daring traders, I personally view an upward move as more probable. This isn't to say I'm endorsing a reckless approach, but it represents the more extreme side of the bullish projection. Otherwise, adhere to the established price targets and trends. A bullish long-term trend, at least, offers the opportunity to hold for the long term if a trade doesn't pan out as expected—once again, the level of risk is crucial.

For those who are not fond of crypto, just consider how often you've heard the phrase, "if only I had bought BTC in 2016."