Coinbase is a crypto sensitive stock. Meaning if the condition of cryptocurrency is good, the stock goes up. It posted a good earning in Q2. The candle stick showed a bearish railroad pattern. But will it sustain the upward trend?
BTC is now hitting a resistance, bearish divergence as well. Possibly it will do some minor correction in short term.
Hence, I think it's risky to go in now as the correction in cryptocurrency market will cause the price to go downwards. Hold on your horses as the risk for long is higher now.
BTC is now hitting a resistance, bearish divergence as well. Possibly it will do some minor correction in short term.
Hence, I think it's risky to go in now as the correction in cryptocurrency market will cause the price to go downwards. Hold on your horses as the risk for long is higher now.
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.
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.