COIN: Downward sloping channel is broken. Going up from here?
Not surprisingly COIN price action is closely correlated with the one of BTCUSD. If you believe BTC starts its own recovering process, so should Coinbase.
As you can see on the chart, the downward channel on 15 minute chart of this new IPO (or rather DPO) was broken with a big gap this morning.
Expect a retest of $300 level to become new support and upward continuation from here till $340 level as first resistance zone.
Don't forget to do your own research and make your own financial decisions.
Likes and comments are welcome!
As you can see on the chart, the downward channel on 15 minute chart of this new IPO (or rather DPO) was broken with a big gap this morning.
Expect a retest of $300 level to become new support and upward continuation from here till $340 level as first resistance zone.
Don't forget to do your own research and make your own financial decisions.
Likes and comments are welcome!