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Coinbase Global Inc., Elliott Wave Technical Analysis

Coinbase Global Inc., (Nasdaq: COIN): Daily Chart, 22 May 2023.

COIN Stock Market Analysis: Looking for further downside into wave {iii} as we have successfully completed the triangle in wave 4 and we seem to have started moving lower into wave 5.

COIN Elliott Wave Count: Wave {ii} of 5.

COIN Technical Indicators: 20EMA as resistance.

COIN Trading Strategy: Looking for further downside to unfold soon, wave count invalidation is a break north of $72.9.

Analyst: Alessio Barretta

Coinbase Global Inc., COIN: 4-hour Chart, 22 May 2023.

Coinbase Global Inc., Elliott Wave Technical Analysis
COIN Stock Market Analysis: Looking for a downside into wave (iii) of {iii} therefore I do expect an acceleration lower. If not, then we can start thinking either wave {ii} is not finished or else the whole count is compromised.

COIN Elliott Wave count:  Wave (iii) of {iii}

COIN Technical Indicators: 200EMA as resistance.

COIN Trading Strategy: Looking for downside into wave (iii).

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