Monthly Chart
There is an inverted Head and Shoulder pattern created on the monthly chart. This suggests that the trend has shifted and now moving higher. This also provides a directional bias to look for buys.
Weekly Chart
The inverted H&S pattern is much clearer on the weekly chart, plus there were additional low-risk entries created on the right shoulder and an additional entry after the break and retest of the neckline.
Daily Chart
I will be looking to buy Coinbase once it fills the gap and moves lower to the previous resistance level that now become a support level.
There is an inverted Head and Shoulder pattern created on the monthly chart. This suggests that the trend has shifted and now moving higher. This also provides a directional bias to look for buys.
Weekly Chart
The inverted H&S pattern is much clearer on the weekly chart, plus there were additional low-risk entries created on the right shoulder and an additional entry after the break and retest of the neckline.
Daily Chart
I will be looking to buy Coinbase once it fills the gap and moves lower to the previous resistance level that now become a support level.
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