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Coinbase Global
Long

$COIN Triple bottom consolidation and momentum building

By tradecarte1
Updated
Coinbase is showing a triple bottom pattern with the 220-225 area proving as demand zone. The price has been consolidating and RSI momentum building going into Q2 earnings report which investors are optimistic about with cryptocurrencies becoming more mainstream in recent months. There's currently also bullish sentiment with Bitcoin breaking out and positive news and headlines surrounding the asset.
Trade closed: target reached
Sold pre-earnings for $344, 50% gain
Bullish PatternscoincoinbaseSupply and DemandSupport and Resistance
tradecarte1

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