OpenSea makes major changes in its marketplace policy, thanks to Blur

On February 15th, the Crypto exchange Coinbase stock price gave a massive breakout from a local resistance of $61.4 mark. This breakout offers buyers a significant footing to resume a bullish rally and recover the losses witnessed during the recent correction. However, this correction phase is part of a famous bullish pattern called cup and handle. Here’s How you may trade this pattern.

• The formation of the cup and handle pattern keeps the Crypto exchange Coinbase stock price on a bullish track.
• The COIN price sustainability above $61.4 could assist buyers in an upswing of 30%
• The bearish breakdown below $61.4 could undermine the bullish theory 

The above-mentioned bullish reversal pattern got its name for its simple structure of a cup and handle. In theory, the cup showcased sustained recovery and trend reversal, while the handle portion, which is the counter-trend move, validates the price sustainability at higher levels. 
Thus, the crypto exchange Coinbase stock price witnessed a minor correction in early February, which bottomed around $55 and reverted higher. Moreover, this bullish reversal breached a local resistance of $61.4, indicating the market sentiment showcased a sense of buying dips.