Coinbase Global, Inc.

Coinbase: Catching Breath

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Coinbase is currently catching its breath in a sideways movement. We still attribute more upside potential to the ongoing wave b in orange, expecting it to rise close to the resistance at $422.11. However, wave c should start below this mark and ultimately complete the blue wave (ii) above the support at $138.45. The subsequent blue wave (iii) should then carry the price significantly above the $422.11 mark.

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