$COIN Coinbase Weekly Engulfing

We've got a weekly bullish engulfing candle here on Coinbase if it closes this way.

Beyond that, its in the context of 3 rising valleys and a broken supply line off the correction.

If we revisit the top of the range it will confirm a partial decline as well, and probabilities would then favor a breakout of the range.

Id target the local 1.618 extension at the .382, and then the measured move of the accumulation up near the 50% retracement.