COINBASE targeting $360 minimum

27 בנוב׳

Coinbase is trading inside a nearly 2 year Channel Up and the price is currently on the latest bullish wave.
A Golden Cross (1d) was just formed and according to the previous bullish waves, it appears the price is inside the last consolidation before the new Higher High.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 360 (+145.84% the smallest it had so far inside the Channel Up and 1.382 Fibonacci extension).
2. 470 (the 1.786 Fibonacci extension, the highest it had inside the Channel Up).

Tips:
1. The price has already crossed above the Channel Up once, so if the crypto market accelerates, we can't dismiss another break. However the bullish waves usually peak a little under the Channel's top. Which is very fitting for a 400 - 470 price range.

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