Chart of the Day: COIN
Description
Ben Watson stops by the Chicago studio's touchscreen to take a look at the technical setup for Coinbase (COIN). On the short-term 5-day chart, he points to current volume trading levels forming a base underneath recent highs above $370. On the 1 year chart, Ben highlights the downward trend in the 50-day moving average that could weigh on shares. Ben notes $425 upward resistance with support zones at $348 and $270 on any pullbacks.
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