Coinbase could rise above 200

Following the low at the beginning of 2023, COIN began to rise in a notably constructive manner, eventually reaching a peak at 186. Subsequently, a typical correction ensued, and presently, the stock is trading precisely at the former resistance level of the long-term consolidation phase.

In my view, this presents a favorable buying opportunity, with a strong likelihood of a reversal and an upward move surpassing 200 in the medium to long term.

Kommentera:

Closed the trade before 200.
The rise is too aggressive and, in my opinion, American indices will start a correction