📊 Coinbase Bearish (70-80 Next Target)

١٣ ديسمبر ٢٠٢٣

Coinbase (COIN) produced a nice bullish wave which peaked 5-Dec. with a DragonFly Doji.
In July a bullish wave ending in a Doji preceded a correction, here we have a similar situation.

Based on the gaps, it seems it will be a strong correction.

👉 A 40% drop can happen easily pushing the stock to 100.
👉 It can go lower as a test of MA200 as support and hit 77, can be a bit higher or a bit lower.

There is room for even lower...
You can find additional details on the chart.

Namaste.