Hello Traders & Investors, Coinbase appears to have found its bottom and has been making a series of higher lows after a period of consolidation due to a sell off during the crypto correction.
As crypto seems to have bottomed out and began its bull run again, coinbase has been seeing some bullish sentiment along with some bullish structure.
A confirmation for coinbase would be a break above 280 with high volume. I believe as long as crypto does well coinbase will have similar sentiment
My plan for this trade is long above 280 as that is the current level of the 200 day EMA on the daily chart.
break above 280 and close is my bullish entry
What are some thoughts on this play?
As crypto seems to have bottomed out and began its bull run again, coinbase has been seeing some bullish sentiment along with some bullish structure.
A confirmation for coinbase would be a break above 280 with high volume. I believe as long as crypto does well coinbase will have similar sentiment
My plan for this trade is long above 280 as that is the current level of the 200 day EMA on the daily chart.
break above 280 and close is my bullish entry
What are some thoughts on this play?
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Disclaimer
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.