Coinbase has been in a long time accumulation range between approx $50 - $110.
I have marked some of my levels for the longer time frame if the stock / BTC performs well.
One thing to note, if we take a look at the fixed range volume profile, you will notice the majority of the volume is being traded below the current price of $82.
The range point of control sits at approx $70, with the Value Area Low being $31.
A big level to watch could be $138-$140, which is the Value Area High for the stock. Any type of strong momentum above that price can potentially rocket this stock back towards all time highs if the resistance levels are broken.
Moral of the story, majority of the volume on this stock sits in the accumulation zone which may be behind us.
I have marked some of my levels for the longer time frame if the stock / BTC performs well.
One thing to note, if we take a look at the fixed range volume profile, you will notice the majority of the volume is being traded below the current price of $82.
The range point of control sits at approx $70, with the Value Area Low being $31.
A big level to watch could be $138-$140, which is the Value Area High for the stock. Any type of strong momentum above that price can potentially rocket this stock back towards all time highs if the resistance levels are broken.
Moral of the story, majority of the volume on this stock sits in the accumulation zone which may be behind us.
הערה:
Looking towards the range value area high at $136, and then potentially up to $150
