With an astounding SCTR score of 99.6, Coinbase (COIN) is soaring to the sun, but its wings of momentum appear to be melting. Despite hitting a two-year high (and Bitcoin hitting an all-time high), the entire crypto marketspace is in a foggy haze of confusion, stemming from the Federal Reserve’s March 11 Bank Term Financing Program (BTFP) expiration (which can affect liquidity and affect various markets including Bitcoin), and the upcoming Bitcoin halving mid-April. COIN’s potential bearish setup is clear. As an aside, it also came up as part of a bearish Filled Black Candles scan using StockCharts’ scan engine. So, if you’re looking to maul a few hopeful bulls in the near-term, here’s your potential kill box. CHART 1. DAILY CHART OF COINBASE. The Relative Strength Index (RSI) locates COIN’s price, well within “overbought” territory. But if you look at the Chaikin Money Flow (CMF) reading, not only do…
