Buy The Dip On This Blockchain Stock
Blockchain leader and Bitcoin (BTC) platform Coinbase Global (COIN) has struggled to make moves to the upside this quarter, off 19% in April and 25% off its March 25 two-year high of $283.48. COIN’s recent setback could be short-lived, if past is precedent, as the equity approaches a historically bullish trendline.Per data from Senior Quantitative Rocky White, COIN has come within one standard deviation of its 50-day moving average, after spending a lengthy amount of time above it. COIN has seen three simil ...