Coinbase: Ready to COIN it? We look to Buy at 64.00 (stop at 54.64)
Price action looks to be forming a bottom. Broken out of the triangle formation to the upside. Dips continue to attract buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 64.00, resulting in improved risk/reward. Expect trading to remain mixed and volatile.
Our profit targets will be 100.00 and 149.87
Resistance: 83.32 / 100.25 / 150.12
Support: 64.09 / 50.34 / 44.15
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