Coinbase: returning to key support. We look to Sell at 63.59 (stop at 70.72)
We look to Sell at 63.59 (stop at 70.72)
The primary trend remains bearish. We are assessed to be in a corrective mode higher. A move higher faces tough resistance and we remain cautious on upside potential. Preferred trade is to sell into rallies. Trading volume is decreasing.
Our profit targets will be 45.94 and 41.01
Resistance: 63.00 / 78.00 / 163.00
Support: 53.00 / 50.00 / 46.00
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