Coinbase in a Descending Triangle. We look to Sell at 193.04 (stop at 207.65)
Coinbase - Short Term - We look to Sell at 193.04 (stop at 207.65)
Preferred trade is to sell into rallies. Trades with a bearish descending triangle formation. Trend line resistance is located at 200.00. The primary trend remains bearish. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 137.94 and 129.55
Resistance: 200.00 / 220.00 / 250.00
Support: 160.00 / 120.00 / 100.00
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