Downloading...
Coinbase Global
Long

COINBASE: 3rd Bollinger Squeeze is a pullback buy signal

772
Coinbase is bullish on its 1D technical outlook (RSI = 65.834, MACD = 21.140, ADX = 19.909) as it is extending the bullish wave following the S1 rebound. The Bollindger Bands are now expriencing a squeeze, which is the 3rd since the bottom. The 2024 bullish wave also had three Bollinger Squeezes with the 3rd being the last that made the 349.50 High but not before a pullback to the Bollinger bottom. If that takes place, it will be a signal to go even stronger on the bullish side and target the R1 level (TP = 348.50).


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.