COINBASE Short-term Channel Up targeting $284

14 thg 6

Coinbase (COIN) has been trading within a short-term Channel Up (blue) ever since the bottom on the 4H MA200 (orange trend-line) and later turned the 4H MA50 (blue trend-line) into a Support too. Yesterday the first 4H MA50/ 1D MA50 Bullish Cross was formed since February 29.

As you can see this is approximately the same pattern that was followed after the February 09 bottom on the 4H MA200 and its first Target was the Resistance coming of the previous High.

This short-term Channel Up leads straight to that Resistance as part of its next Higher High, so our short-term Target is $284.00.

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