Coinbase Global, Inc.

Coinbase: Top Is In!

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We now view the top of blue wave (b) as established. Wave (c) is expected to drive further sell-offs below support at $291.50, ultimately completing magenta wave [ii], specifically within our magenta Target Zone between $255.42 and $173.05. From there, the upward impulse should then continue past resistance at $444.65. On the other hand, we assign a 33% probability to blue wave alt.(b) reaching a higher high; in that scenario, the anticipated declines would be postponed by a detour above resistance at $444.65.

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