Coinbase to $118 before facing selling pressure

3 lis 2023

Coinbase is working on a weekly close that would be the highest of the past 13 weeks.
Additionally, it has broken out above the weekly Cloud for the first time in it's history.
Once the Chikou Span is in 'open space', it will confirm an Ideal Bullish Ichimoku Breakout.
COIN's periodicity suggests that the next price and time levels to watch are the last week fo December 2023 near the $118 value area where the 100% Fib. extension and the top of the Volume Profile currently exist.
However, because the volume profile is almost non-existant above $120, there is a high probability that COIN could just shoot above in an insane rally.

16 lis 2023

Zlecenie aktywne

COIN is experiencing some resistance agains thte 78.6% Fib extension, but shouldn't have too much of a problem moving higher soon as the volume profile begins to thin.

1 gru 2023

Transakcja zamknięta: osiągnięto wyznaczony cel

Target hit - but could extend further to the 161.8% Fib ext at $207.
The volume profile is extremely thin and there's is no immediate resistance within the Ichimoku Kinko Hyo system on the weekly chart.
If markets like to move in the path of least resistance, then for Coinbase that is higher, not lower.

22 gru 2023

Uwaga

Still moving towards that $207 value area.