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subtlepapi

$COIN - Reversal with upside of +40%

Long
Coinbase Global (NASDAQ:COIN)  
subtlepapi Updated   
NASDAQ:COIN   Coinbase Global
Trend Analysis Chart Patterns Technical Indicators Technical Analysis reversal reversalpattern reversalpoint breakout breakouttrading
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trendanalysis chartpattern indicator technicalanalysis reversal reversalpattern reversalpoint breakout breakouttrading
Technical Analysis (TA)
Weekly chart is oversold with William %R and RSI showing early reversals signs.
1D chart is forming a wedge and price is squeezing before a potential reversal about $70.

Price Target
Entry: $70+ breakout out
Take Profit: $100 (+40%)

#tradeidea
Trade active
Trade active:
Nice breakout above $70.
Comment:
Profit taking happening at $100 (hitting my Target 1 from the call made on 2 August).

With William %R and RSI entering overbought zones I expect a dip to higher low.

Support should be found at $70-$78
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