Coinbase $COIN making the classic "cup & handle"
COIN could be starting a reversal. The MACD is been going up with the price which today broke above its 50 day MA but it still needs to make the breakout from the $252 resistance. Once that happens could be the start of a good uptrend.The crypto exchange has had strong revenue and EPS growth, being 2021 its best year. One the first quarter, reported a +844.82% revenue grwoth. All this could be why is one of Ark Invest's favorites.
ARKK has a +3% allocation making the top 10 holdings of the ETF. Still is a young stock so, is still very volatil. Always wait for confirmation and there are two key resistance levels that
COIN needs to break.
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