Coinbase Stock To $2000? Top Analyst Flags Ultra Rare Pattern To Watch
The post Coinbase Stock To $2000? Top Analyst Flags Ultra Rare Pattern To Watch appeared on BitcoinEthereumNews.com. Key Insights: Coinbase stock (COIN) has formed a bullish pattern on the price chart, hinting at a possible breakout to $2,000 Crypto stocks are benefiting from the latest rebound in the broader crypto market. MARA, MSRT, RIOT, and HOOD are among crypto stocks exhibiting a bullish price performance The Coinbase (COIN) stock is on track for a significant breakout in the coming weeks. Popular crypto analyst Ali Martinez has highlighted a rare bullish pattern on the COIN chart that supports this prediction. Based on the pattern, the analyst predicted a potential rally for the Coinbase stock towards the $2,000 level. Coinbase Stock Chart Screams Breakout In an X post, Martinez noted that the Coinbase stock has attempted to break out of a multi-year cup and handle pattern. This pattern, which usually forms after a prolonged period of consolidation, signals a potential bullish price movement for COIN. The top analyst released a chart that showed the price of COIN rose to a peak, then declined gradually to form a rounded bottom, before moving near the previous high. The pattern mirrors previous periods of accumulation where investors buy the stock over time, often after a prior uptrend. Martinez stated that a complete breakout of the cup and handle pattern could see the Coinbase stock hitting $2,000 in the long term. As of this writing, Coinbase stock was trading for $359, up 1.19% over the past 24 hours. COIN stock has demonstrated a brilliant performance so far this year as cryptocurrency prices have skyrocketed. Coinbase Stock Price Prediction | Source: Ali Martinez On May 13, the crypto exchange stock rose over 10% in the pre-market following its addition to the S&P 500 Index. The Coinbase stock continued with the momentum beyond then. On June 26, COIN recorded a new closing high of $375.07,…
The post Coinbase Stock To $2000? Top Analyst Flags Ultra Rare Pattern To Watch appeared on BitcoinEthereumNews.com.
Key Insights: Coinbase stock (COIN) has formed a bullish pattern on the price chart, hinting at a possible breakout to $2,000 Crypto stocks are benefiting from the latest rebound in the broader crypto market. MARA, MSRT, RIOT, and HOOD are among crypto stocks exhibiting a bullish price performance The Coinbase (COIN) stock is on track for a significant breakout in the coming weeks. Popular crypto analyst Ali Martinez has highlighted a rare bullish pattern on the COIN chart that supports this prediction. Based on the pattern, the analyst predicted a potential rally for the Coinbase stock towards the $2,000 level. Coinbase Stock Chart Screams Breakout In an X post, Martinez noted that the Coinbase stock has attempted to break out of a multi-year cup and handle pattern. This pattern, which usually forms after a prolonged period of consolidation, signals a potential bullish price movement for COIN. The top analyst released a chart that showed the price of COIN rose to a peak, then declined gradually to form a rounded bottom, before moving near the previous high. The pattern mirrors previous periods of accumulation where investors buy the stock over time, often after a prior uptrend. Martinez stated that a complete breakout of the cup and handle pattern could see the Coinbase stock hitting $2,000 in the long term. As of this writing, Coinbase stock was trading for $359, up 1.19% over the past 24 hours. COIN stock has demonstrated a brilliant performance so far this year as cryptocurrency prices have skyrocketed. Coinbase Stock Price Prediction | Source: Ali Martinez On May 13, the crypto exchange stock rose over 10% in the pre-market following its addition to the S&P 500 Index. The Coinbase stock continued with the momentum beyond then. On June 26, COIN recorded a new closing high of $375.07,…
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