💾 Classic Consolidation Pattern | Bullish Pennant

What are the odds of a bullish continuation?

The odds are rising, higher and higher, with each passing day.

Looking at the Coinbase stock, COIN, we have the classic bullish pennant which is a consolidation pattern.

That's basically all we need to know.
Consolidation and bullish but there is always more.

✔️ The RSI is still strong even after more than a month of correction.
✔️ Same for the MACD, it remains above zero.

✔️ COIN is also trading above EMA50. That seals the deal.

Bullish continuation more likely than not.

Namaste.