Coinbase Global shares caught the market's attention on the daily chart by presenting a classic ascending zig-zag technical behavior. After a significant upward leg, the asset performed a natural pullback, which is essential to test the interest of new buyers at more attractive price levels.
In the current scenario, the price completed a controlled correction and found support exactly on a key demand region based on the retração de fibo. In the trading session following this bottom test, the market triggered a short-term reversal pattern as the asset surpassed the previous day's high. This price action signals a potential resumption of buying strength near the current price of 189.03, validating the exhaustion of sellers.
The analysis based on mathematical measurement shows that the recent retracement respected the equilibrium zones between supply and demand. Without violating previous supports, the market triggered a tactical reversal and now projects new objectives for the current expansion through the retração de fibo tool.
The projection calculated from the swing low to the previous peak indicates the main target zone where the price tends to move if the buying momentum continues. The graphically mapped region points to an initial objective at 271.06, extending up to the 331.10 level. These values act as liquidity magnets, where the market typically clusters exit orders or reassesses open positions.
Disclaimer: This article is for informational and educational purposes only and does not constitute a recommendation to buy or sell financial assets. Variable income investments involve risks of capital loss.
Profilo MQL5
Nuovo commento