Coinbase Update

I would have expected coinbase to be rallying a little harder based off of how the cryptos have been performing over the past couple weeks. Coinbase's chart looks very similar to many others as it is still below the very long term trending resistance level. It is very close and we soon will see a breakout of this level or a rejection.
In the chart directly below you can see the very long term resistance level highlighted by the bold purple line on the top of the chart.

With a closer look zoomed in to a smaller time frame you can see how Coinbase's price action seems to be confined within this horizontal range and a slight upward trending price channel. I have highlighted these supports and resistance levels by the bold yellow and bold purple lines at the bottom of the chart directly below.

If cryptocurrencies keep rallying as hard as they are at the moment then you should expect coinbase to catch some positive sentiment to the upside along with all of the cryptocurrencies. The 4-Hour candles below give you a much more clearer picture of the supports and resistance levels. Like I always say go long on bounces or breakouts to the upside and go short on rejections or breakdowns to the downside.