COIN Swing Options Trade Plan 2025-06-24
Join our Discord channel for live trading signals and discussions:
COIN Swing Analysis Summary (2025-06-24)
Comprehensive Analysis for COIN Swing Trading Options
1. Technical Analysis Summary
Based on the provided data, the overall sentiment for COIN appears to be bullish yet cautious due to extreme overbought conditions:
Price Position Relative to Moving Averages:
Current Price: $344.82, trading well above key EMAs on all timeframes. 10-period, 50-period, and 200-period EMAs indicate a strong bull trend. RSI Analysis:
Daily RSI at 81.25 suggests overbought conditions, while the weekly RSI at 73.55 reflects strong momentum, but could indicate an impending pullback. Bollinger Bands:
Price is trading above the upper band on both daily and weekly charts, reinforcing overbought readings. MACD:
Daily chart shows a declining histogram, indicating weakening momentum, which supports the potential for a pullback. Support/Resistance Levels:
Immediate resistance around $348.97–$351.75. Nearest support at $334.20, providing an opportunity for correction or pullback.