$COIN Is Up 22%. The Bigger Move May Be Next
$Coinbase Global, Inc.(COIN)$ is up 22% since we called the potential bottom on July 13. 🚀
And I think the bigger move may still be ahead.
I’m still looking for a 100%+ move back toward all-time highs over the next 12–18 months. 🎯
But first, Coinbase has something to prove.
The weekly structure is still bearish until $COIN breaks above the previous swing high around $223.
That puts $198–$208 on my radar as the first major resistance zone.
The real confirmation comes above $222.
If $COIN gets rejected between $200 and $222, we could see an inverse head-and-shoulders pattern develop. That would likely delay the move toward the highs, but it wouldn’t change the longer-term thesis.
Still very bullish on $COIN.
Just waiting for price structure to confirm it.
Markets are always moving - and sometimes, the best move is knowing what works for you.
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