CoinbaseCoinbase Global, Inc.BATS:COINTSuthToday price continued higher and ideally finished its sub-minuette wave iii. There is still a chance that it gets another high closer to the 1.618 before kicking off wave iv though. This is signified by the turquoise label on the chart. The wave ii was very short and shallow so one should expect the wave iv to be deep and long if the theory of alternation is to remain intact. Generally speaking, if the move lower breaches the 0.5 retracement fib, you're likely dealing with something other than a wave iv. However, due to how shallow the wave ii was, I will give this next consolidation a little more leeway. Keep in mind too, the wave 4 of a lesser degree bottomed at $368.80. Again, I won't be surprised if price breaches this low. My thought is that price will come down right to the area of the 0.5 retracement fib @ $362.19 with the possibility of a minor breach. After, I anticipate price to move up to the $411 area as we have strong confluence there. My plan is to buy back in when/if price makes it to the smaller target box. I will then be looking to sell at the above-mentioned target area.