The shares of the US technology company Apple Inc., which specialises in design, development and sale of well-known smartphones, tablets, laptops, and other digital equipment, have formed the important patterns, signifying the potential price growth. The price of shares has pulled from the broken downtrend that resembles a flag, signifying the trend reversal. Currently, it is trying to close with a bullish engulfing. Please note that the asset’s price is trying to stay above the level of 169.00 that has been repeatedly tested before. The shares might potentially target the level of 190.00 that comprises 80% of the width of the broken downtrend.

As we can see from the daily chart, Bitcoin broke the downtrend and reversed, trying to jump. It is possible that Bitcoin might retest the broken downtrend somewhere around the supporting level of 37500.00, and jump.

It could also target a very interesting resistance area formed between the next important levels:

  • A very strong psychological level of 50000.00.
  • 50% from the past descending move.
  • The resistance at the level of 52000.00.

Should Bitcoin manage to retest this area of resistance, it might potentially drop all the way till the level of 37500.

Since there was a talk about Bitcoin, let’s check how Coinbase shares are doing right now. The prices of Coinbase shares have dropped till the supporting level of 150.00 and pulled back, trying to close with a white candle above the trendline. The share prices might slightly rise, targeting the resistance at the level of 206.00.

All in all, Coinbase shares are heading down. Hence, should they manage to break the level of 150, their price might significantly drop.