Let's talk about BTC, Bitcoin, first. On the weekly chart (bottom right) you can see if price closes below 32200-32000 there is really no support until the lower yellow line between 19-20 thousand. If price holds this level there is a sizeable move up to the 20sma. For now, moving averages and RSI are bearish.
On the daily chart, as shown in yellow circles, RSI failed over 50 and recently has turned lower from a 50 test. Moving averages are slight bearish. Price has been consolidating after a big move down. I am watching to see what happens next.
Now to COIN, 250 is a big level. Price could break and head back to the 20sma before bouncing up, or it could break lower to 200. Until COIN shows more independent price movement, I am using BTC's price action as an indicator for COIN.
On the daily chart, as shown in yellow circles, RSI failed over 50 and recently has turned lower from a 50 test. Moving averages are slight bearish. Price has been consolidating after a big move down. I am watching to see what happens next.
Now to COIN, 250 is a big level. Price could break and head back to the 20sma before bouncing up, or it could break lower to 200. Until COIN shows more independent price movement, I am using BTC's price action as an indicator for COIN.