Needless to say, the price of COIN (coinbase in NASDAQ) is very sensitive to the movement of crypto, namely BTC. when BTC retested the 27k, the lowest COIN has been was 212, or somewhere around there. But it touched the bottom 3 times with a sharp rebound, making it a bullish triple bottom. Also, daily chart reveal a bullish divergence, price closing above the resistance (red line). Hopefully it will reach 290 by next week if btc remains bullish
Trade closed: target reached
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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.