COIN is showing a high-conviction technical bounce after a –56.7% drop from December to April. Since hitting the long-term trendline, it has already recovered +41%, and momentum is building fast.
📣 Just Announced: Coinbase is acquiring Deribit for $2.9B, entering the crypto derivatives market — one of the most profitable verticals in the entire industry. This massively strengthens their business model with:
🔹 High-margin futures/options trading
🔹 Diversified income beyond spot trading
🔹 Stronger appeal to institutional clients
💰 Meanwhile, Bitcoin just reclaimed $100K, adding fuel to Coinbase’s Q2 potential.
🔍 Technical Setup (3D chart):
✅ Bounce off long-term trendline
✅ MACD bullish crossover (historically reliable for COIN)
✅ Heikin Ashi candles flipping bullish
✅ Still ~70% below recent high — upside potential is real
🧠 Fundamental Picture:
• Q1 earnings expected to be softer due to slower retail volumes
• BUT revenue from staking, USDC interest, and custody remains strong
• If they show signs of recovery in April/May — this could explode to the upside
• ARK Invest is buying dips — institutions are interested here
🎯 Trade Plan:
Entry: $204–208
✔️TP1: $225
✔️TP2: $252
✔️TP3: $285
Stop-Loss Options:
🔸 $178 (short-term invalidation)
🔸 $145 (below trendline & April low — swing structure)
⚠️ This is a high-risk / high-reward setup ahead of earnings. Manage size carefully and avoid overexposure.
📣 Just Announced: Coinbase is acquiring Deribit for $2.9B, entering the crypto derivatives market — one of the most profitable verticals in the entire industry. This massively strengthens their business model with:
🔹 High-margin futures/options trading
🔹 Diversified income beyond spot trading
🔹 Stronger appeal to institutional clients
💰 Meanwhile, Bitcoin just reclaimed $100K, adding fuel to Coinbase’s Q2 potential.
🔍 Technical Setup (3D chart):
✅ Bounce off long-term trendline
✅ MACD bullish crossover (historically reliable for COIN)
✅ Heikin Ashi candles flipping bullish
✅ Still ~70% below recent high — upside potential is real
🧠 Fundamental Picture:
• Q1 earnings expected to be softer due to slower retail volumes
• BUT revenue from staking, USDC interest, and custody remains strong
• If they show signs of recovery in April/May — this could explode to the upside
• ARK Invest is buying dips — institutions are interested here
🎯 Trade Plan:
Entry: $204–208
✔️TP1: $225
✔️TP2: $252
✔️TP3: $285
Stop-Loss Options:
🔸 $178 (short-term invalidation)
🔸 $145 (below trendline & April low — swing structure)
⚠️ This is a high-risk / high-reward setup ahead of earnings. Manage size carefully and avoid overexposure.
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.
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.