COIN broke out of its parallel channel. Next move ahead 🚀
Coinbase Global (COIN) broke out of its parallel channel and did a retest on it, opening the way to its next move.
- The chart retested previous resistance that became support.
- On the 3-line indicator, the mid-trend line (blue) is crossing above the long trend line (green), which has always been a bullish signal.
- The RSI is breaking out to the upside of its parallel channel and moving above the moving average (brown).
Next potential target: $369.
- The chart retested previous resistance that became support.
- On the 3-line indicator, the mid-trend line (blue) is crossing above the long trend line (green), which has always been a bullish signal.
- The RSI is breaking out to the upside of its parallel channel and moving above the moving average (brown).
Next potential target: $369.
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