The past 15 months have been very good for Coinbase’s (COIN) stock price.

During that time, COIN has rallied from $31 to over $230. And the rally has seen some wild volatility!

Today’s “weekly” chart of Coinbase highlights this and more. As you can see, COIN has been in a wide up-trend channel for the past 15 months. And it recently touched the top of the channel at (1) before reversing lower.

This is NOT an ideal price point for high-flying Coinbase stock price to create a bearish reversal!

Should the price finish the month here or lower, it would send a cautionary message to Coinbase stock bulls!

A breakout here would be VERY BULLISH for $COIN!!!

This article was first published at See It Markets.com. To see the original post, CLICK HERE.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past