$COIN Coinbase Weekly Engulfing
We've got a weekly bullish engulfing candle here on Coinbase if it closes this way.
Beyond that, its in the context of 3 rising valleys and a broken supply line off the correction.
If we revisit the top of the range it will confirm a partial decline as well, and probabilities would then favor a breakout of the range.
Id target the local 1.618 extension at the .382, and then the measured move of the accumulation up near the 50% retracement.
Beyond that, its in the context of 3 rising valleys and a broken supply line off the correction.
If we revisit the top of the range it will confirm a partial decline as well, and probabilities would then favor a breakout of the range.
Id target the local 1.618 extension at the .382, and then the measured move of the accumulation up near the 50% retracement.
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