A key Diamond has formed on COIN. Analyze the breakout level now.
Indecision. Widening then narrowing range.
Gradual reversal from bearish to bullish.
Technical analysis of Coinbase (COIN) reveals a significant setup. The stock is trading at $158.29, down 1.78% on the day. Price action has carved out a classic Diamond. Volume is average (0.73x avg) with moderate trend strength (15.3). A potential breakout level is identified at $139.18, targeting $96.87 with support near $160.33 (R:R 2.0).
What is your outlook on COIN?