Coinbase Global
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COINBASE Strong buy signal on Inverted Head and Shoulders

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Coinbase / COIN has formed an Inverted Head and Shoulders pattern, bottoming at 274.30.

The bullish signal is confirmed as the price not only crossed over the Falling Resistance of the downtrend that started yesterday, but also above the 5minute MA50.

The standard target of such pattern is the 2.0 Fibonacci extension.

Buy and target 306.00.

Previous chart:

COINBASE Can it recover from yet another earnings miss?


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