Analyst expected downward move

The analyst has repeatedly predicted Coinbase would move lower, either in a minor retracement or a larger drop to a new local low.

“As I have said repeatedly, I fully expect price to move lower.”

Clarity Act failure predicted

The analyst correctly anticipated the Clarity Act would fail and cause the stock price to fall, which is exactly what happened.

“I thought the clarity act was going to fail and thus cause price to fall. As of now, that is exactly what has happened.”

Three wave pattern emerging

The chart shows a clear three-wave pattern downward from the recent local top, indicating the structure of the decline.

“I can easily count 3-waves lower from our recent local top.”

Wave iii needs strength

For the turquoise count to play out, the downward move must continue with strength to complete wave iii. Choppy action would favor the white count instead.

Two counts most probable

The white and turquoise Elliott Wave counts have the highest probability of completing, according to the technical analysis.

“It is the white and turquoise counts that have the highest probability of filling out.”

Long term bottom before moonshot

The orange count suggests this could mark the longer-term bottom before Wave III begins, which would send the price much higher.

“Wave III will send price to the moon.”