Coinbase is a buy buy buy on 3H

Ok, my indicator says it’s a buy.

And here is why

Based on the chart provided and visible indicators, TA as follows

Observations:👀
1. Market Structure:
• Break of Structure (BOS): Indicated near key price levels, suggesting shifts in market sentiment.
• Change of Character (ChoCH): Points to a potential reversal in the price trend.
• Recent BOS shows a bullish bias, with price potentially respecting higher lows.

Then we have 👌
2. Key Price Levels:
• Support Zone: Around $240–$250. This area appears to have provided strong demand, as indicated by prior bounces and green arrow annotations.
• Resistance Zone: Around $320. This is a zone where price failed to break above previously.


3. Indicators: 🔮
• Oscillator Signals: The lower pane shows stochastic oscillators or similar, with a recent crossover at oversold levels. This supports a potential bullish move.
• Trend: While the higher timeframe trend may still be in flux, the 3-hour timeframe suggests a short-term recovery opportunity.

4. Bullish Momentum:
• Green arrow suggests an anticipated upward movement towards the mid-range zone (around $280–$320).
• Repeated interaction with BOS zones reinforces the potential for a bullish breakout if momentum sustains.

😎The Likely Direction:
• Short-Term (3H): The price is likely to test the $280–$300 range, given the buy signal and proximity to a demand zone. Watch for further volume confirmation and rejection signs at these levels.

• Medium-Term: Breaking above $320 resistance would confirm stronger bullish momentum. Conversely, a breakdown below $240 support could invalidate this analysis and signal bearish continuation.

Recommendations: (but not financial advice)
1. Look for confirmation near $280–$290 with volume and price action before entering a trade.
2. Set a stop-loss just below $240 to manage risk effectively.
3. Consider scaling out profits near $320 if price reaches resistance.


Follow me, emoji rocket this, if you found it useful (or true) 😅👌🙏