Noted that Coinbase COIN is in some sort of technical trouble.
Based on downside projections, the downdraft is technically aligned and sound, with a target of 23.36, by mid-December. This is a 50% cut in stock price from last Friday's closing.
An earlier breakdown of the triangle, and the more recent failure of the 2022 support last Friday suggest more downside to follow in the days and weeks ahead.
Heads up...
Comment
⋅
After posting this... it broke below the critical support. Oof...