Coinbase Poised for Breakout After Forming 15-Month Base, Targets $200
• Coinbase (COIN) shares have rallied nearly 300% in 2022, significantly outperforming bitcoin • According to Fairlead Strategies, COIN is poised to confirm a long-term base pattern breakout above $116 resistance • This would suggest a bullish shift in the primary trend higher, with potential to rally toward $160 and $200 resistance levels • COIN entered a 15-month trading range between $30-116 after crashing in early 2022, now breaking out • The breakout will be confirmed if COIN holds above $116 at the weekly close this Friday