Coinbase(COIN) Recovered Before sued by the SEC
Updated
4H
- Touch the Long-term downtrend line (thick line)
It's a strong resistance, so even if it comes down a little, I think it will get support near the blue box and try to break through the long-term downtrend line again.
1D
- It seems to have a reverse head and shoulder pattern.
Comment
- 1H
It came down to the top of the blue box and broke the long-term downtrend line.
Comment
It's up more than 17%.
It looks very bullish.
As it broke the long-term downtrend line that has continued since November 2021
There is a very high possibility of further rise.
Comment
It broke the strong resistance of $87.5 and is about 48% more beneficial than the previous analysis.
It's very meaningful that the red box broke through this section as the resistance that worked strongly for about a year.
Now this red box is likely to act as a strong support.
The next resistance line is $112.
Trade closed: target reached
all short-term targets have been reachedComment
As I said before, the red box became a strong support and reached $112.
86% profit.
---------------------------------
I will now continue updating new comments from Coinbase analysis posted recently.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.