Can This Stock Buck The Crypto Collapse Trend?

Coinbase Global, Inc. operates as a secure hosted bitcoin wallet to purchase and use bitcoin. It provides merchant tools that enable companies to accept payments in bitcoin by incorporating a single button. Take a look at the 1-year chart of…

Coinbase (COIN) below with added notations

Chart of COIN provided by TradingView

COIN had held an important level of support at $44 (blue) up until yesterday. The break of that level should lead to lower prices for the stock, overall. Rallies up to the $44 breakdown level should be met with additional selling.

The Tale of the Tape: COIN broke major support of $44. Traders could enter a short play now, or on any rallies up to $44, with a stop set above…

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