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peterbokma
Mar 27, 2024 2:55 AM

COINBASE-SELL strategy weekly chart Short

Coinbase Global, Inc.NASDAQ

Description

No change in view.

The share is overbought quite a bit, and also it shows clearly negative divergence. The candle stick patterns suggest topping patterns and we are supported by first GANN @ 225 area and thereafter 156.00.

I feel we should see lower levels. and knowing full well how crypto's can move, it is fair to say we could reach $ 155-175 for corrections.

Strategy SELL @ $ 260-290 and place SL above $ 305 and take profit @ $ 165 for now.
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