Coinbase remains in the bullish trend, so as crypto market

Gregor Horvat Wavetraders

Coinbase with ticker COIN is making strong and impulsive rally away from the lows, which should be completed by a five-wave bullish cycle from Elliott wave perspective. We have seen some slow down for the last couple of months, but it looks like a clean wave 4 correction that can send the price higher into a 5th wave later this year. Considering a positive correlation with the cryptocurrencies, it can also help Crypto market with ticker TOTAL to stay in the bullish trend.

COIN VS. TOTAL daily chart

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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