The COIN price is still influenced by the appearance of a yellow bearish candle on the daily chart, which occurred on June 14, 2024.

Key support levels are currently at $218 and $223, while resistance levels are at $228, $233, and $238.

To resume the bullish trend, a daily close above $250 is necessary.

The daily chart reveals a gradual decrease in whale accumulation to 30.227%, alongside an increase in retail accumulation to 21.6%. In contrast, the weekly chart presents a more positive outlook, with strong whale accumulation reaching 86.928%.

The red ribbon (uptrend) in the Panel is tightening, suggesting that if the price actions of Bitcoin stabilize and stop declining, it could positively impact COIN as well.

A weekly close above $264 would help COIN regain momentum. Both the MACD and RSI are currently showing downward trends.

$TSLA (22 June 2024-daily vs weekly)

Tesla appears to be bottoming out, with confirmation of red candles on both daily and weekly charts, although the process is not yet complete on the weekly chart

. The strong support level at $181.5 must hold for Tesla to regain momentum. A close below this level would trigger another downtrend.

Current support levels are $176.8 and $178.2, while resistance levels are $183.2, $186.4, and $194.3. Whale accumulation on both daily and weekly charts is not strong but has shown a gradual increase to 11.66% and 11.257%, respectively.

The longer the base-building and consolidation period, the stronger the stock is likely to be in the future. A weekly close above $200 is still necessary for a trend reversal. Until this price level is reached, recent price actions can be considered a rebound.

For the development and unfolding of the red ribbon on the weekly chart, more whale accumulation is required, ideally around 50%. This process takes time and patience.

However, the completion of a MACD golden cross on the weekly chart a few weeks ago is a positive start.