COIN-M
A review on the bright side of the August!I have published a few analyses that need some review!:
Longs:
UPST
PLTR
SOFI
COIN
AI
Shorts:
TWTR
MRNA
NASDAQ:TSLA
NIO
Interesting relationship between COIN and BitcoinCoinbase IPO was exactly at Bitcoin's all times high.
They both started a bullish rally on July 20th, 2021, and after the earnings of COIN, they both lost their momentum!
This could not be a coincidence by any means..!
Bitcoin Directional Movement indicator.Directional Movement Indicator is historically very reliable for clues on trend direction.
I separated the indicator into two parts down below to make it easier to view.
Currently the indicator shows us in bearish/neutral territory.
Long term it's showing extremely bullish trend.
More notes in the chart:
A classic Tipple BottomEntry: 225-235
Stop loss: 213
Reward/Risk:3-7
Target range: 255-300-325
Time Frame: 2-4 wks
Possible gain: 30%
Possible loss: 7.5-10%
Let's review my post about NASDAQ:COIN
1- April 13, 2021:
Should I buy Coinbase tomorrow?
2- April 14, 2021
It is time to check the fact, and analyst abilities..!
3- April 20, 2021
how deep Could Coinbase go?
4- April 22, 2021
Time proves how accurate is the analysis!
5- May 6, 2021
A None Random Walk Down Wall Street..!
6- June 3, 2021
WallStreetBets and ARK invest use the same PUMP???
I trade the opportunities market offers to me..!
Time To Buy Coinbase? [LONG]With all the excitement around Robinhood's IPO this week and the recent resurgence of Bitcoin its easy to forget about COIN, after what appears to be the completion of a 51% retracement in price according to the Fibonacci retracement we see here.
Since this retracement, COIN has quietly sprung 30% in price and appears to only be getting started if the chart I have illustrated here holds true.
COIN has broken shallow retracement areas of its pull back and now appears to be gearing up for what could be an 8% move to its first target at around $292 per share.
It is currently at a perfect low risk high reward trade currently as your likely risk to start off (if entering a long right this minute) would be -3%. However, your reward would be 8% and that would only be getting the party started.
Anything below $259.92 is bearish and we want nothing to do with this asset at that point as this would be a breaking of the .236 fib level. It should be noted that a daily candle close below this level is what we would be looking for to confirm the bearish scenario.
In the meantime this looks like a possible fun trade as the crypto market appears to be buzzing again and who none other than Coinbase should stand to benefit mightily.
COIN Earnings TOMORROW$COIN has earnings tomorrow - to me, COIN is one of the most undervalued crypto plays. It has yet to get caught in the hype, option IV% is about half what you pay on RIOT+MARA. there is a lot of room here for price to push into new territory. I am loaded with LEAPS. $310 target by end of week
COIN longAbove 282 COIN will go back to 300$. buy calls in tmrws action !
Been long on this one since that 244 break.
Coinbase StockHello!
I'm watching this daily close. We are looking at a breakout from the accumulation range.
We could see a retest of the range which would be a nice opportunity to buy
Targets are in the charts
Crypto Strong Rally: CoinbaseStrong triple bottom on the support green zone, with bullish Bitcoin and ETH over the weekend, expecting COIN to follow suit on the bullishness trend. $260 is strong block as we can see previously, if it breaks $260, Volume will be able to push it back to $280 and then to IPO level around $300 in the longer run. To be safe, we can wait for it to retest $260 and turned it to a break and retest before trading on it. Depends on Crypto momentum. Earnings is on 10th of August.
Take a look at Riot and Mara stocks today/this week. All moves with crypto trend.
$COIN earnings play*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team really loves $COIN, from crypto exchange to the companies amazing fundamentals...but we're still proceeding with caution. $COIN has enormous growth potential, but unfortunately the company is still fresh out the womb. Investors may shake if earnings don't quite live up to high expectations...on the other hand if my teams buy order gets activated next week $COIN is clear for a very fun ride up.
My team has placed a buy order at $270 per share.
We will cancel our order by the end of the trading week if it remains inactivated.
BUY ORDER: $270
TAKE PROFIT: $303
If you want to see more, please like and follow us @SimplyShowMeTheMoney
COIN Reverse Head and Shoulders with TargetsNASDAQ:COIN has shown a lot of strength this week. It has broken out of a reverse head and shoulders pattern AND horizontal resistance. If NASDAQ:COIN Bulls can and need to take advantage of and keep this momentum going. Let's do this!
COIN BreakoutNASDAQ:COIN is breaking out of it's major resistance. If the breakout is successful I am targeting $306.80.
$COIN | TRADE IDEA$COIN looks great with a trendline break to the upside as well as a bullish inverse head and shoulders pattern trying to play out. Can consider calls as long as trendline break holds. Targets are shown at $250, $257 and $261.
BNBUSDTBNB/USDT one-day chart analysis. I think this is a bullish engulfing pattern. BNBUSDT chart moves upward.
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What u think?
COINBASE is readyCoin is showing a rounded bottom while members of its company are spreading fud.
This looks like a clear buy imo.
COIN- unfortunate development updateChart posted 83=2021 as of 10:00 ET COIN was poised for some gains, but with the recent bearish moves on BTC- this has trickled over to COIN to give the Gartley pattern some difficulty. In doing so there was an embedded deep butterfly pattern that has formed and as you can see COIN failed at the critical point of that pattern. I had hopes this may rebound, but POINT #1 had to see a bounce and support at POINT # 2. It appears price has fallen below POINT #1..and so with these developments I am changing this to a neutral/ short call. Only if we rebound to point #1 and support at point #2 does this reverse and go back upside. This could happen with an engulfing pattern, but for now I am neutral anything below red box is bearish.
Added $5k Of Coinbase Global: NASDAQ: $COIN 💰💰💰Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy. The company provides primary financial account for the cryptoeconomy, a platform to invest, store, spend, earn, and use crypto assets; an online marketplace for hedge funds, money managers, and corporations; and a platform with technology and services to developers, merchants, and asset issuers that enables them to build applications that leverage crypto protocols. It serves retail users, institutions, and ecosystem partners. The company was founded in 2012 and is based in Wilmington, Delaware.
