Coinbase appears to be forming a bull pennant. Confirmation would be a break of the upper resistance. This could drop down and form a flag, which often happens when you have ascending support. Target, depending on if/where breakout happens is about a 2x.
Gaps to fill all over the place, including just below $100.
This also had major capitulation volume of off the lows and a monster reversal candle.
I have been dollar cost averaging into this since $300, so I am obviously under water. My premise is that mainstream adoption of crypto is inevitable and that Coinbase is the likely to benefit the most.
Gaps to fill all over the place, including just below $100.
This also had major capitulation volume of off the lows and a monster reversal candle.
I have been dollar cost averaging into this since $300, so I am obviously under water. My premise is that mainstream adoption of crypto is inevitable and that Coinbase is the likely to benefit the most.
scott.melker@texaswestcapital.com