COIN - Correction Complete + iH&SHaving had such a strong rally I somewhat lost interest in Coinbase but it does look like a great entry is on in this area to buy a solid trending crypto stock.
Coinbase had quite a dump yesterday and so this is potentially a dip buy here.
As we have been looking at, the slightly lower low looks very much like Wyckoff accumulation and now with yesterday's dump, a bullish Inverted Head & Shoulders may be completing here.
And that slightly lower low would be the Head which completes a 3 wave correction from March top.
So it looks a nice momentum buy in this area with not too much downside risk.
If Bitcoin slumps again it may get back to support; so from here to support @ $161 is the buy zone.
I have bought some here with long term view 👍.