Coinbase Breakout Done, Waiting RetesT!

Updated

Hi friends, Sharing coinbase 4H chart as we can see it gives furious move of almost 15% after breakout this breakout it gives after a identical bounce back form it's support which earlier was a resistance, and now showing some traction towards a horizontal support below which also was a resistance for it also a parallel channel support placed very well there, in this channel it did consolidation after support bounce and formed a base before breakout. So i am planning to go long if it will come and test its retest zone and bounce from there.

This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit

Note

Good came down, seems soon it will test expected zone

Note

Retest complete price touched mentioned area and now trying to bounce from there, so now sharing resistance for fresh trade if close above trade will be active

Trade active

closed above resistance which mentioned for fresh trade in update above, so now this trade is active after wanted retest

Note

Price closed good above strong resistance after retest on weekly chart can show a fresh momentum and follow up buy

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Traget update
After retest entry now target one mentioned on chart is complete, and taking resistance there. Good gains, Cheers

AMIT-RAJAN

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