Popular crypto analyst reveals forecast for Coinbase shares
Peter Brandt is bullish on Coinbase. The investing savant shared his opinion on X that Coinbase shares have nowhere to go but up. Inverted H&S bottom completed in $COIN pic.twitter.com/L2eOp50EE1 — Peter Brandt (@PeterLBrandt) November 29, 2023 Brandt identified an inverted head and shoulders pattern on the Coinbase stock chart, a significant indicator in technical Analysis . This pattern, emerging after a period of downtrend, is characterized by three distinct troughs: the central trough, or the head, is the most pronounced, while the two adjacent troughs, referred to as shoulders, are comparatively shallower. This formation is often interpreted as a potential signal for a reversal in market trends, suggesting a possible upward trajectory for Coinbase’s stock in the near future. You might also like: SEC vs Coinbase and new lawsuit: history of the years-long battle Coinbase became the first crypto exchange to achieve public status in the United States. ...