COINBASE updated levels (Nomad News?)
Updated
This is an update to my Coinbase Idea from July 26, linked below.
I've mapped couple new levels but my overall plan hasn't changed, waiting for Earnings on August 9th.
Coinbase flying today, only reason I can think of is the 200mil Nomad exploit.
Price is hesitating to break above the Golden Pocket of fibs taken from July 20th. A lower timeframe will help in identifying an entry if the price breaks above GP.
Price breaks above GP (with a confirmation)
Target #1: 71.65
Target #2: 76.90
Price gets rejected by GP
Target: 63.5 this is a tested level, Short trade will require some vigilant TP adjustments.
If you've got an eye on some interesting charts, please let me know, I'd be happy to take a look.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️
Note
Reached Long Target of 76.90, still in Long adjusting my TP as the price moves.Today's pre-market was very exciting.
COIN doesn't look like it's ready to pivot, but I'm watching for what happens around 79.60, maybe the price will linger. I will have to re-channel and add new S/R if it flies past 79.60
Note
79.60 really put up a fight!Candle Closed almost on the dot, at 79.67
I've closed my Long at 80, felt like +15% day was enough.
If you're interested to see where some of these levels originated, you can explore my past Coinbase ideas, most recent one is linked below
If you have any questions, I'd be happy to answer them.
WhoIsWu
Note
Coinbase + BlackRock partnership, to funnel institutional investors into crypto, simultaneously attempting to legitimize the market.What I think could have been better than this partnership, is presenting and actual use case for crypto.
Note
Earnings reported After Market today.
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