What are the odds of a bullish continuation?
The odds are rising, higher and higher, with each passing day.
Looking at the Coinbase stock, COIN, we have the classic bullish pennant which is a consolidation pattern.
That's basically all we need to know.
Consolidation and bullish but there is always more.
âïļ The RSI is still strong even after more than a month of correction.
âïļ Same for the MACD, it remains above zero.
âïļ COIN is also trading above EMA50. That seals the deal.
Bullish continuation more likely than not.
Namaste.
The odds are rising, higher and higher, with each passing day.
Looking at the Coinbase stock, COIN, we have the classic bullish pennant which is a consolidation pattern.
That's basically all we need to know.
Consolidation and bullish but there is always more.
âïļ The RSI is still strong even after more than a month of correction.
âïļ Same for the MACD, it remains above zero.
âïļ COIN is also trading above EMA50. That seals the deal.
Bullish continuation more likely than not.
Namaste.
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