Coinbase: Wave (v) of [iii]!
At $241, Coinbase recently reached a new local low, after which the price surged an impressive 17% at its peak. Thus, we now consider the blue wave (iv) as complete and locate the stock in the blue wave (v), which should push to new all-time highs to complete the larger wave [iii] of the ongoing magenta upward impulse. However, this upward trajectory will be postponed if COIN encounters selling pressure and falls below the support at $224. We assign a 33% probability to this alternative scenario.
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