COIN (Coinbase) has tested a double bottom at the blue line within a parallel downtrend. Below the 50 day moving average. The Stochastic Relative Strength Index (Stoch RSI) indicates oversold conditions. Currently, we are awaiting an algorithmic buy alert and a breakout from the parallel downtrend before considering entry into a long position
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.