A key Double Bottom has formed on COIN. Analyze the breakout level now.
Reversal pattern after a downtrend.
Technical analysis of Coinbase (COIN) reveals a significant setup. Currently at $163.26, the asset is showing downward momentum (-1.01%). Algorithmically, a Double Bottom structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $222.35, targeting $296.82 with support near $185.12 (R:R 2.0).
What is your outlook on COIN?