4.0K @PhatChin $COIN W & D 🟨
Reports in 4d. Weekly PA wicked up to VWAP but closed with selling pressure, forming a gravestone doji. Orange Gann angle resists overhead with weak indicators. Daily PA finding additional resistance at the Kijun with indicators curling down. https://t.co/wYyy1YEogw
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1.6M @cryptorover Russia. Japan. South Korea.
All moving forward with crypto regulation.
What is the U.S. waiting for?
Pass the Clarity Act, send our bags to Valhalla. 🚀 https://t.co/jmZxw0odpt
1.6M @cryptorover This stock WILL go parabolic once the Clarity Act passes.
I'm talking about $COIN.
In this post, I’ll explain exactly why.
You’ll want to read it to the end.
$COIN is the stock ticker for Coinbase, one of the world’s largest cryptocurrency exchanges, enabling users to buy, sell, and store digital assets.
The company is led by co-founder and CEO Brian Armstrong, a vocal advocate for the CLARITY Act who has even engaged in heated verbal clashes with JPMorgan CEO Jamie Dimon over crypto regulation.
For years, regulatory uncertainty has been one of Coinbase’s biggest constraints.
It has limited token listings, discouraged institutions from entering the market and forced Coinbase to spend enormous amounts of time and money navigating unclear rules.
The CLARITY Act could change that by establishing clearer boundaries between the SEC and the CFTC, and by defining how crypto assets and trading platforms are regulated in the United States.
Why is that so bullish for Coinbase?
1. More assets to trade
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21.3K @chad_ventures Guess where $COIN got rejected this week.
Right at the upper bound of the weekly Gann arc around $180, outlined in the July 11 update
Most keep fading Gann Squares, which is why they work so well!
Please continue doing so, so I can continue capitalizing on them! https://t.co/Sl5hU6Yoqq
21.3K @chad_ventures $COIN Weekly Gann Square
Consolidating inside the Gann arc after finding support at the horizontal + Gann arc confluence around $140 a few weeks earlier
$180 (upper bound of the Gann arc) and $210 are the critical levels to the upside. A break of $210 would likely signal that the bottoming process has completed and a renewed uptrend can begin.
The Meridian FORCE indicator is still bearish, but has flashed a momentum shift signal recently. Will watch closely for FORCE to turn bullish again.
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