Coinbase - Short Term - We look to Buy at 224.00 (stop at 213.00)
Previous support located at 225.00. Posted a Bullish Hammer Bottom on the Daily chart . We look for a temporary move higher. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Risk/reward is ample to call a buy trade.
Our profit targets will be 252.00 and 274.00
Resistance: 250.00 / 275.00 / 300.00
Support: 225.00 / 210.00 / 200.00
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Ole S. Hansen,
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John J. Hardy,
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The commodity-heavy Australian market may have a good start to 2023, as the Chinese focus on growth signals demand for Aussie resources.
Jessica Amir,
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