Will The Crypto Rally Push This Stock Higher? | The Mesh Report

Will The Crypto Rally Push This Stock Higher?

Christian Tharp, CMT January 23, 2023 Comments Off on Will The Crypto Rally Push This Stock Higher?

The crypto market seems to have melted up, if just for now anyway. However, with the push in the overall market the individual crypto stocks should follow Bitcoin’s lead.

This is certainly true for our stock today, whose fate is inexplicably tied to that of the price of Bitcoin. Coinbase (COIN) is the leader among crypto stocks, so it moves much the same as the largest crypto asset in the market. The video illustrates where the levels traders should be watching are, as laid out by the price action of the stock over the past year or so.

If this crypto, and market, rally can continue, then it is a high probability COIN follows suit.

Of course, the market could lose some of this steam, in which case, you’d be looking for the downside trade to the levels the market has also outlined for us. Check out the video if you want to make sure you have the levels on your screen, which may give you all the pieces to the puzzle you need to make the best trade possible.

And if you want to continue to hone your ability as a trader, I am here to help.

That is exactly why I started The Profit Machine, to help others learn the art of trading stocks and options. When you join you’ll be coached by me, along with thousands of other students, as we solidify your new trading strategy.

So, if you want to learn how to make the trade on a stock like MHK, or many more like it then join today and kick of your learning journey with me. Make the commitment to improving your financial well-being and make 2023 the best year you’ve ever had as a trader. I look forward to you becoming a part of this fast growing community.

Good Luck!

Christian Tharp, CMT

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