COIN Inverse Head and ShouldersCoinbase is breaking up and out of an inverse head and shoulders pattern as the crypto platform benefits from a rising Bitcoin price and news that Blackrock has chosen COIN as the custodian for the Bitcoin that they will have to acquire if their Bitcoin ETF is approved by the SEC.
Blackrock BTC ETF filing ignites price rally:
www.nasdaq.com
Blackrock ETF approval rating is 575-1:
www.ccn.com
Coinbase will be Blackrock BTC custodian:
www.cnbc.com
Opened a trade in COIN this morning at $79.21; stop loss is at $67, take profit is at $136.