COINBASE ready for a new rally.

Coinbase turned bullish on the 1D technical outlook (RSI = 63.427, MACD - 1.240, ADX = 25.992) as it is on the 5th straight green day since the 1D MA200 rebound. This was also near the bottom of the year long Channel Up, so the probabilities for a new rally/ buying wave like January and Jun/ July are increased. The key here is to hold the 1D MA50. If the stock doesn't break it, we will stay bullish and target the -0.236 Fibonacci extension (TP = 140.00) similar to where the July 14th top was priced.

## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##