COIN's chart looks very similar to Ethereum. Today's action reveals something great; bullish confirmed.
Always, since this stock started trading, it has been moving as a unit together with Bitcoin and the entire Cryptocurrency market.
When Bitcoin is bullish, Coinbase is bullish.
When Bitcoin is bearish, Coinbase is bearish and vice versa.
Here we have a very strong, high volume bullish breakout on COIN. This means that Bitcoin, Cardano, Ethereum, XRP, Dogecoin, Avalanche and the rest of the Cryptocurrency market is about to break bullish really strong.
There was a low point 7-April 2025. The same with the projects I just mentioned above.
Here this 7-April low marks a double-bottom compared to September 2024. After this low, the recovery starts and we have a strong rise.
In late May, there is a price peak and we enter a consolidation phase, in this case a small retrace. The chart is identical to ETHUSDT.
After a strong higher low, some minor bearish action with no bearish pressure, Coinbase is going up. You can expect the exact same dynamic happening to Bitcoin and all the Altcoins. Bullish confirmed. The market will resolve green.
Today Coinbase hits the highest price since February 2025.
Namaste.
Always, since this stock started trading, it has been moving as a unit together with Bitcoin and the entire Cryptocurrency market.
When Bitcoin is bullish, Coinbase is bullish.
When Bitcoin is bearish, Coinbase is bearish and vice versa.
Here we have a very strong, high volume bullish breakout on COIN. This means that Bitcoin, Cardano, Ethereum, XRP, Dogecoin, Avalanche and the rest of the Cryptocurrency market is about to break bullish really strong.
There was a low point 7-April 2025. The same with the projects I just mentioned above.
Here this 7-April low marks a double-bottom compared to September 2024. After this low, the recovery starts and we have a strong rise.
In late May, there is a price peak and we enter a consolidation phase, in this case a small retrace. The chart is identical to ETHUSDT.
After a strong higher low, some minor bearish action with no bearish pressure, Coinbase is going up. You can expect the exact same dynamic happening to Bitcoin and all the Altcoins. Bullish confirmed. The market will resolve green.
Today Coinbase hits the highest price since February 2025.
Namaste.
Trade active
Coinbase is producing a bullish continuation today. Let's see if the price pattern we looked at with the altcoins applies here:1) A major high in December 2024 leads to...
2) A correction. The correction hits bottom 7-April (same exact date).
3) From this low a recovery starts and peaks 22-May. Perfect synchronicity with many major altcoins.
4) The peak in May leads to a retrace ending in a very strong higher low.
5) The higher low leads to a bullish continuation.
So Coinbase moved ahead, and this reveals what is coming to the rest of the altcoins market, the Cryptocurrency market, because they are all moving in the exact same way.
The proof is in the chart.
Namaste.
Trade closed: target reached
A bad signal just showed up. A rejection at resistance.
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🚨 Go beyond! PREMIUM LIFETIME Access
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.