Image Source: Freepik
 

Coinbase made an impulsive recovery at the beginning of 2023 along with cryptocurrencies. Since then we can see both markets slowing down within a higher degree correction that can be coming to an end. Coinbase may have actually already a completed complex w-x-y correction and looks like it’s looking for a bullish resumption, which can be easily supportive for the Crypto market. However, bullish confirmation is only above channel resistance line and 85 region.

More By This Author:

EUR/USD Is In A Deeper Correction
Polkadot Is Nearing Support
SP500 Makes "Failure" Break Higher; Now Short-Term Weakness