The analysis focuses on Coinbase (COIN) and its potential price movements, based on Elliott Wave theory and Fibonacci retracements. It suggests COIN has completed a five-wave diagonal structure from the 2022 lows, potentially signaling the end of its rally from 2022 lows. The primary support zone is identified between $181 and $250. If the price fails to hold this zone it will invalidate the analysis.The analysis also discusses a potential B-wave pullback and identifies $286.44 as a near-term support level. The speaker emphasizes a focus on downside potential locally, awaiting the next upside impulse as a start of wave C in white. The analysis points to the need to focus on the downside to the mentioned support and to wait to see the next move.