Coinbase is currently catching its breath in a sideways movement. We still attribute more upside potential to the ongoing wave b in orange, expecting it to rise close to the resistance at $422.11. However, wave c should start below this mark and ultimately complete the blue wave (ii) above the support at $138.45. The subsequent blue wave (iii) should then carry the price significantly above the $422.11 mark.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
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.