$Coinbase Global, Inc.(COIN)$ - daily chart analysis π
My target for this chart is π―$192
If this isnβt a clear picture of how important the Banana325SMA is at times then I donβt know what is π€·ββοΈ.
We have actually built a base along and now just above the Banana325SMA and we have a bullish engulfing candle pattern as well
Thereβs a well defined neckline that I highlighted in light blue. You can see it acted as support and then became resistance and I believe we are at the very least going to test it if not make our way over it.
MACD and RSI are both trending up and RSI is already ahead of price which will make price likely play catch up
Much love ππππ
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