Coinbase Stock Price Rally Putting in Bearish Reversal?
COIN
+1.71%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
The past 15 months have been very good for Coinbase’s (NASDAQ:COIN) stock price.
During that time, COIN has rallied from $31 to over $230. And the rally has seen some wild volatility.
Today’s “weekly” chart of Coinbase highlights this and more. As you can see, COIN has been in a wide up-trend channel for the past 15 months. And it recently touched the top of the channel at (1) before reversing lower.
This is not an ideal price point for high-flying Coinbase stock price to create a bearish reversal.
Should the price finish the month here or lower, it would send a cautionary message to Coinbase stock bulls.
A breakout here would be very bullish for the stock.