COIN Inverse Head and Shoulders

Coinbase is breaking up and out of an inverse head and shoulders pattern as the crypto platform benefits from a rising Bitcoin price and news that Blackrock has chosen COIN as the custodian for the Bitcoin that they will have to acquire if their Bitcoin ETF is approved by the SEC.

Blackrock BTC ETF filing ignites price rally:
www.nasdaq.com/artic...ly-hope-for-approval

Blackrock ETF approval rating is 575-1:
www.ccn.com/blackroc...ord-failure-details/

Coinbase will be Blackrock BTC custodian:
www.cnbc.com/2023/06...rypto-custodian.html

Opened a trade in COIN this morning at $79.21; stop loss is at $67, take profit is at $136.