First of all, Coinbase is an excellent stock which profits on directional movement of crypto regardless of direction. They make money either way because they're the real-life banker in Monopoly.
Indicators:
Now, Coinbase is currently trading at $319.11, as I write this, with
-STRONG support at $315.37 as well as a support zone starting at $306.30 to $307.57 as well as another support zone from $313.30 to $315.72.
-STOCH RSI crossed into bullish territory at 1 10 p.m. today.
-RSI made a bullish cross at the same point in time.
-Volume: selling pressure decreasing as buying pressure increases.
-OBV BULLISH: OBV increasing with price increase
I personally hypothesize that Coinbase is going to break its highs, and I'm setting my biggest take profit at $378, in which 50% of my position will be liquidated. Additionally, I'm setting my second take profit at $363.87, during which I will liquidate 30% of my position. And finally, my first take profit will be at $339.62, which has been an area of support and resistance over the past few days. Currently, I think Coinbase is going to break its daily high of $321.17 in the very short future. Additionally, I project it breaking through the resistance around $322.56 as well. My stop loss is going to be set at $305.25, just below the second area of support. As if it breaks this, we are in bearish territory.
Do your own research and never risk more than what you are able and willing to lose in any investment. Please view it on your own charts as well to avoid risk of seizures.
You asked me to tell you ahead of time when I predict a breakout… I don’t have a crystal ball and I cannot see the future, but I can add up what various indicators say and cross check them and come up with my own conclusion. I urge you to do the same.
Thank you, and good luck. Price is $319.01 as I write this.
My current positions for the week are shown. Closed last week with a hefty profit.
I am also bullish on BITX, MARA & RDDT - but do your own research please.