Coinbase actions (corner) demonstrate constructive technical characteristics in today’s quarterly profits. With Bitcoin which retains “ultimate resistance” at $ 100,000 and the news of this week of the Crypto Options Crypto Deribit, the recent gathering could well be the beginning of a new bullish phase. The daily table of the part presents a cyclic model of a hollow in September between $ 150 and early December at $ 350. Coinbase then lost almost 60% of its value, retracing 100% of the return path at $ 150 in early April 2025. The PPO indicator had an upward divergence, because the price made a new low swing in April, suggesting that Coin was able to find support because it retested this bottom in September. Over the past four weeks, Coinbase has now rebounded above its 50-day mobile average, leaving an escape over the 200-day mobile average like the last validation of a new upward trend phase. The weekly table of the play is about to confirm the bullish evidence on the daily graphic, because it shows how the stockings of September 2024 and April represented a retracement of 61.8% of the phase of the Haussier market 2023-2024. This could also help structure our Risk vs Reward scenario, now that we see how this recent support is based on a confluence of technical approaches. The weekly PPO indicator gave a bullish signal in October, shortly after the September hollow at $ 150. With the recent gathering for corner actions, the weekly PPO is very close to generating a similar signal in the coming weeks. We also note that the 150-week mobile average, a long-term barometer of market trends, is currently just around these stockings in 2024 and 2025. Any room on Coinbase is essentially a game on Bitcoin, and the good news is that the graphics suggest more upwards for this main cryptocurrency. A bullish divergence at the bottom of April 2025 was followed by a dramatic rally to retain the level of $ 100,000 for the first time since February. With Bitcoin above mobile support and the RSI growing in the excessive region, we not noted a number of similarities with the previous bull cycles. If we see a successful thrust above $ 100,000 level, and a recovery of the peaks of all time from December 2024 and January 2025, Coinbase and other crypto pieces could be simply in the early stages of a new phase of haling. David Keller, CMT Marketmisbehavior.com Disclosure: None. All the opinions expressed by CNBC Pro contributors are only their opinions and do not reflect the opinions of CNBC, NBC Universal, their parent company or affiliated, and may have been previously broadcast by them on television, radio, Internet or other support. The above content is subject to our general conditions and our privacy policies. This content is provided for information purposes only and does not consider financial, investment, tax or legal advice or a recommendation to buy a warranty or another financial asset. The content is general and does not reflect the unique personal circumstances of person. The above content may not suit your special situation. Before making financial decisions, you should strongly consider asking your own financial or investment advisor for advice. Click here for the complete non-responsibility clause.
This crypto -related stock, as Bitcoin retains the level of $ 100,000, according to graphics
