And then Coinbase is uh at an interesting point as well. Action just on Friday was interesting and sort of adjusting my take on the daily chart.
Well, the first chart I'm following today is Coinbase, which is up 4.2%. So, Coinbase is benefiting from this rise. As we have seen, the price rose from this trend line, then returned to it after it had acted as resistance, then became support, then began to consolidate, then rose again.
The third the uh the first one of the two is Coinbase and Coinbase we actually highlighted in our um our last uh uh monthly review and uh in uh for August, right? Top 10 charts to watch for August.
And we wanted to highlight that because the stock was coming down to test key support. What we talked about in that last video is that uh we had a low in February around 140. We retested that low at the end of June.
We retested that low again at the end of July. So going into the month of August, you know, we're potentially testing support yet again. So am I, you know, happy or comfortable taking a bet that maybe that support holds yet again and that buyers come in?
And that's what we talked about as a potential uh idea at the beginning of August. Sure enough, actually played out pretty well. And I wanted to highlight the fact that we did indeed bounce off of support.
Uh next up on the chart, Coinbase. Now Coinbase recently also has had a very nice breakout, has not yet retraced. As we see here, we're putting in bullish consolidation and we're doing so right in a point of resistance on the chart.
Now, look, today we did put a daily close once again above this declining trend line. We did that back on Thursday, but we didn't follow through when it with an extended move higher with any sort of conviction.
I Coinbase for example, which I used to love, they're completely incompetent company. So, I I I won't put my money in a company that's incompetent for whatever the press releases say.
