tjdean01

Coinbase Breakdown them Bounce

Short
BATS:COIN   Coinbase Global
Looks like Coinbase put in a head and shoulders. These are the highs for the past year and a half. The calculated lower target is the bottom of the second yellow arrow which, if it bounces there, would create a parallel channel along with the upsloping orange line (My chart has the corresponding lower orange line as well in anticipation of this bounce. Not sure if this will play out because I'm still learning but if it does it will give me some confidence in my chart analysis skills. Does this look probable to you guys?

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