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Coinbase Global, Inc. (COIN) Looks Terrible, Losses Support
Coinbase Global
Short
Coinbase Global, Inc. (COIN) Looks Terrible, Losses Support
By AlanSantana
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Updated
Dec 12, 2022
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Nov 22, 2022
The low for Coinbase (COIN) was set back in 12-May 2022 at $40.83.
Today, 193 days later, COIN losses this support and a new low is hit.
The volume profile spells doom for this stock.
We can see strong bear volume and weak bull volume as this new low is being hit.
Everything is about to speed up...
We can expect bottom searching on the next drop.
CHANGE
COIN needs to move and close above $50 or EMA10 for the bulls to be back in the game.
Namaste.
Dec 12, 2022
Comment
The bearish bias becomes stronger as the May low is lost as support.
Coinbase (COIN) continues aiming lower.
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