COIN, bearish idea 120321

COIN All time high 429.54, all time low 208

Broke through 280 support and now heading toward the 250 level.

RSI: 1Y (32,69), 1M (22.36), oversold

DMI: Bearish trend line (red) and trend strength (yellow) looks stronger on both 1Y and 1M

Strong sell on moving averages for 1 week and 1 day time frames. Would not be surprised to see this starting to test sub 225 price levels in the not too distant future.