#COIN price action constricting between bullish formations
We are seeing Coinbase's price action constricting between both a triangle and falling wedge pattern. In my books if we can get a constructive close above $74 we could see this move back to early August highs at around the $100 mark. For confirmation, wait for the close above 74. More aggressive traders could accumulate between $66 and $70 using a stop loss below the previous base at a close below $62
Nota
This continues to constrict between the triangle but with cryptocurrencies showing relative strength against the market, i think its a matter of time before we see an upside breakout here
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"If you do what you love, you'll never work a day in your life" - Marc Anthony
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.