ValerianK

COIN broke out of its parallel channel. Next move ahead 🚀

Long
BATS:COIN   Coinbase Global
Coinbase Global (COIN) broke out of its parallel channel and did a retest on it, opening the way to its next move.

- The chart retested previous resistance that became support.

- On the 3-line indicator, the mid-trend line (blue) is crossing above the long trend line (green), which has always been a bullish signal.

- The RSI is breaking out to the upside of its parallel channel and moving above the moving average (brown).

Next potential target: $369.


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.