COINCOINCoinbase Global, Inc. Class A
$195.38
24h
+10.58%
Cantonese Cat 🐱🐈Cantonese Cat 🐱🐈
22 Sep, 04:35

Range-bound with resistance from 50-week SMA

Neutral-2.82%

AI Summary

The author expects Coinbase ($COIN) to remain range-bound in the near term due to a negatively sloped 50-week SMA acting as resistance, with a potential breakout expected later.

Did a video for @dannycheng2022's Patreon this weekend and warned about a negatively sloped 50 week SMA for $COIN as resistance. I think we close the gap and stay range bound for now, before attempting to break back up above, which could take weeks. https://x.com/cantonmeow/status/2102255352842719518/photo/1

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