[Fake] Wrapped COINBASE (COIN)

The more I look at the weekly chart on $COIN, the more I think it's setting up to leave everyone waiting for lower prices behind later this year.

The most notable development is the clear bullish divergence forming on the weekly timeframe. While price has been making lower lows, the weekly RSI has been trending higher, suggesting momentum is quietly improving beneath the surface.

If the weekly RSI can break above its downtrend resistance line, I think price will likely follow soon after.

Nothing is confirmed just yet, but if I were aggressively bearish here, I'd probably be starting to sweat a little.

There's a real chance this is much closer to a higher-timeframe low than consensus expects.

The more I look at the weekly chart on $COIN, the more I think it's setting up to leave everyone waiting for lower prices behind later this year.

The most notable development is the clear bullish divergence forming on the weekly timeframe. While price has been making lower lows, the weekly RSI has been trending higher, suggesting momentum is quietly improving beneath the surface.

If the weekly RSI can break above its downtrend resistance line, I think price will likely follow soon after.

Nothing is confirmed just yet, but if I were aggressively bearish here, I'd probably be starting to sweat a little.

There's a real chance this is much closer to a higher-timeframe low than consensus expects.