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MSTR, CRCL, and COIN Forecasts – Crypto Stocks Drift Softly Ahead of Thursday Earnings

MSTR, CRCL, and COIN Forecasts – Crypto Stocks Drift Softly Ahead of Thursday Earnings

COIN trades at 167.49, pinned to its 50-day EMA below the 200-day. Source: TradingView

Coinbase looks like it is going to be soft at the open as well, and much like Strategy Incorporated, it has an earnings call on Thursday. So, a little bit of sideways action could make some sense here as traders try to position themselves ahead of that conference call and release of earnings. The 50-day EMA sits just above. That could offer a little bit of psychological resistance. Short-term pullbacks continue to be bought into, at least up until now. So, this is a market that looks like it’s trying to consolidate itself to determine the next move. With all of that and the earnings call, it does make a certain amount of sense that we remain…

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