Coinbase Lurking For Buyers At Daily Bracket Lows

Coinbase (COIN) fell about 0.17% and was looking for buyers around the lower extreme of the balanced price range. The stock fell the fifth day in the row and trades at the Quarterly DVAL close level which might serve as supportive area for buyers.

Friday the stock closed as inside day, therefore traders might be leaning on the high/low to conclude a possible inside day failure pattern. As it's quite correlated with the current cryptocurrency rates, we can presume a potential boost in the cryptos would lead this stock higher as well.

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