Technical analysis by Maddox_Metrics about Symbol COINX on 8/9/2025

COIN price action is following the plan laid out a few weeks ago. After the momentous rally into all time high I was expecting price to have a deep retracement to the weekly pivot point also the golden pocket Fibonacci retracement $240. That is what we got! This values would correspond with a swing below the major High Volume Node support resetting daily and weekly RSI. Daily RSI is already oversold so I am expecting a bounce for wave B of this wave 2 corrective wave with a target of the $350 High Volume Node major resistance. The weekly 200EMA is ascending and may meet us in the same area adding confluence but this would take a lot longer to play out. Alternatively, there is also a gap at $215-230 that never got filled at the larger degree golden pocket which would have me upgrade this pullback to wave 2 instead of wave 4. Bitcoin stocks have all had a decent retracement causing me to upgrade my Elliot Wave count to a completed macro wave 1 with wave 2 now underway, suggesting the best returns are still to come over the next months for this category asset class in wave 3! Analysis is invalidated if we go to new highs or lose $140. New long signals are certainly building in the DEMA PBR and Price Action strategies so keep an eye out on the Trade Signals Substack as we have made very food profits lately in these markets! Safe trading