SummerNight
2024-05-21

$Coinbase Global, Inc.(COIN)$ I've had a close eye on this Bull flag for COIN because of the BTC strength as of late. Finally go the breakout today with a huge green day and it's still going after hours. BTC finally broke supply and is poised to head for an ATH retest.

Here are some potential areas of support and resistance along with some paths moving forward. Ideal setup would be to get a long on the retest of the bull flag, but it may be quite some time before it pulls back that far.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • jingli
    2024-05-22
    jingli
    Long on bull flag retest is ideal, but may take a while to happen.
  • wubbie
    2024-05-22
    wubbie
    I agree, COIN seems to be benefiting from the recent strength in BTC.
Leave a comment
2
3