COIN, MSTR and CRCL Forecasts – Crypto Stocks Trying to Move Higher

Coinbase Technical Analysis

Coinbase looks like it is going to open up positively on Wednesday as we are trying to bounce from the 50-day EMA. The $210 level is an area I’d be watching because if we can break above there, then it would possibly open up a move towards the 200-day EMA.

That being said, obviously, Coinbase is highly tethered to the idea of how crypto moves and Bitcoin, of course. It looks like it is trying to break out. That could be good for this sector overall.

MicroStrategy Technical Analysis

Strategy looks like it is going to jump right at the open but watch this one; it’s got a lot of bad financials attached to it. If we can break above the $190 level, then we could be off to the races, but right now, it is still in a wait-and-see type of mode.

We are starting to see quite a bit of help here from Bitcoin. If that continues, then Strategy could really start to pick up. If Bitcoin rolls over, Strategy rolls over. That simple.

Circle Technical Analysis

Circle looks like it is going to be a little bit positive at the open as it dances around the 50-day EMA. This is probably one that you want to watch for a while. I don’t know that it becomes extraordinarily bullish anytime soon, but it could be a longer-term buy-and-hold scenario.

It’s been a pretty miserable round trip since the IPO, but honestly, that’s not that uncommon. This one is probably my least favorite of the 3 just because it doesn’t have much of a track record. Ultimately, though, pay attention to Bitcoin. That will tell you where the rest of these are going.

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