Cryto Exchange Coinbase surges 24% on S&P 500 inclusion
$COIN broke out of a cup and handle pattern that measures to a target above $280
Coinbase COIN 0.00%↑ was announced to replace Discover Financial DFS 0.00%↑ in the S&P 500 index from May 19th, for the latter was acquired by Capital One Financial COF 0.00%↑. As a result, COIN 0.00%↑ broke out on heavy volume from a cup and handle pattern, with the right brim of the cup near $211 and the base of the cup around $142. The measured target on the breakout is near $280.
The lon…
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