COINBASE is looking at a resumption of upside

19 ott

COIN forms a larger expanding falling wedge formation and the larger 3-degree corrective structure is likely coming to an end as the ichimoku has shown a strong bullish trend right after the stock breaks above the kumo. The bullish kumo twist gave the best signal for bullish upside.

Indicators:

Mid-term stochastic oscillator has confirmed the oversold crossover after it breaks above the 20-line. Though the long-term MACD's histogram is negative, but the crossover at the zero line shows potential resumption to the upside. Both the Directional movement index and 23-period ROC shows returning bullish strength and momentum.

Buy spot or buy at dip if there's a correction. Between 166.82-150.09.

7 giorni fa

Trade attivo

Continue to hold as bearish correction fails to follow through on 14 Nov 24.