Coinbase: Resistance
So far, Coinbase was unable to decisively break above the resistance at $341.50. Our primary expectation is that the stock should soon make a significant move above this level, as we anticipate the peak of the ongoing wave [iii] in magenta well above it. However, our 33% likely alternative scenario suggests that the stock may have just completed the high of the corrective wave alt.(b) in blue. In this case, it would be moving toward the conclusion of the magenta wave alt.[ii] between the supports at $160 and $70.76.
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