COIN could be starting a reversal. The MACD is been going up with the price which today broke above its 50 day MA but it still needs to make the breakout from the $252 resistance. Once that happens could be the start of a good uptrend.The crypto exchange has had strong revenue and EPS growth, being 2021 its best year. One the first quarter, reported a +844.82% revenue grwoth. All this could be why is one of Ark Invest's favorites.
ARKK has a +3% allocation making the top 10 holdings of the ETF. Still is a young stock so, is still very volatil. Always wait for confirmation and there are two key resistance levels that
COIN needs to break.
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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.