Get started

Coin

$COIN Inverse Head & ShoulderThe announcement of #Binance incurring a substantial $4.3 billion penalty and facing exclusion from the U.S. market likely came as incredibly favorable news to Brian Armstrong, the CEO of #Coinbase . This development seems to place Coinbase (COIN) in a notably advantageous position. Observing the stock's technical chart, there is an apparent near-completion of an inverted Head and Shoulders (H&S) pattern, a bullish signal in technical analysis, indicating a potentially strong position for NASDAQ:COIN in the market. #COIN
NASDAQ:COINLong
by AlgoTradeAlert
Coinbase (NASDAQ: COIN) Stock Price Charts Signal Rally To $150Coinbase stock price has picked up aggressive momentum this week, as its rival in crypto exchange Binance is facing some regulatory challenges. As a result, the Coin price has been rising for five consecutive days and reached a 4-month high of $114.4. However, a look at the daily time frame chart shows this recovery is part of a rising channel indicating the asset is poised for further rally. COIN Price to $150? A rising channel pattern leas the current recovery trend in COIN Stock. The ongoing recovery trend may witness intense supply at the $135 mark. The 20 EMA could offer a strong pullback to buyers. The Coinbase stock price has demonstrated a remarkable recovery in November, bouncing back robustly from a psychological support level of $70. Over the past three weeks, this momentum has propelled the asset price to an impressive $115, translating to a 63% increase. This upward trend is part of a bullish swing within a rising channel pattern, which has been shaping the stock’s recovery trajectory for over a year. This pattern, characterized by two parallel trendlines, has consistently provided dynamic resistance and support for the Coinbase stock. Currently, the recovery momentum seems poised to continue, potentially driving the price approximately 15% higher to the upper trendline of the channel, around the $135 mark.
NASDAQ:COINLong
by DEXWireNews
COINBASE above the 1W MA100 for the first time ever.Coinbase Global (COIN) broke on Thursday above the 1W MA100 (red trend-line) for the first time in its trading history, following a strong rebound on the 1D MA200 (orange trend-line). The prevailing pattern is a Channel Up, which with the help of the Fibonacci Channel extensions, gets put into a better context. The 1D RSI shows that there is one pump left on the current rise, similar to the previous two bullish sequences of the Channel Up. Since the 116.50 Resistance 1 level has been unbroken for more than a year, our first target is 115.00, which will make an ideal technical Higher High for the Channel Up. Beyond that, we will buy after a rejection to the 1D MA50 (blue trend-line) again. In the event that a 1D candle closes above Resistance 1, we will have a bullish break-out in our hands and again after a pull-back (this time not as deep as the 1D MA50), the trend should extend to 150.00 and the 1.5 Fibonacci Channel extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:COINLong
by TradingShot
$COIN Inverse Head & Shoulders### Technical Analysis Update: Coinbase Global, Inc. ( NASDAQ:COIN ) – Inverse Head & Shoulders Pattern on Weekly Chart Coinbase Global, Inc. ( NASDAQ:COIN ), a prominent player in the cryptocurrency exchange market, is currently exhibiting an intriguing pattern on its weekly stock chart. The chart reveals an inverse head and shoulders formation, a technical pattern that often signals a potential bullish reversal. However, this pattern is contingent on the stock maintaining certain price levels. #### Understanding the Inverse Head & Shoulders Pattern The inverse head and shoulders pattern, observed in a downtrend, is characterized by three key components: 1. **The Left Shoulder**: A low point in the stock's price, followed by a rebound. 2. **The Head**: A subsequent lower low, creating the deepest point of the pattern. 3. **The Right Shoulder**: Another low point, though higher than the head, indicating potential reversal momentum. This pattern is deemed 'inverse' because it's the opposite of the traditional head and shoulders pattern, usually seen at the end of an uptrend. #### Key Level for NASDAQ:COIN : The $47 Threshold For NASDAQ:COIN , the validity of this inverse head and shoulders pattern hinges on the stock’s ability to maintain a critical price level. A weekly close below $47 would invalidate the pattern, suggesting that the potential for a bullish reversal might be diminishing. #### Technical Considerations for Investors - **Pattern Confirmation**: A crucial aspect for confirming the pattern is the stock's ability to stay above the $47 level. Investors and traders should monitor this closely, as a sustained price above this point could indicate the likelihood of a bullish trend reversal. - **Volume and Momentum**: Alongside the price level, trading volume and momentum during this period are important. An increase in volume as the stock approaches and surpasses key resistance levels can further validate the pattern. - **Price Targets Post-Confirmation**: Should the pattern be confirmed, the depth of the head can be used to project potential upward price targets. This is achieved by measuring the distance from the lowest point of the head to the neckline and extending that distance upward from the breakout point. - **Risk Management**: In case the pattern is invalidated (i.e., the price falls below $47), investors should reassess their positions and strategies, considering the potential for continued bearish trends. #### Conclusion The inverse head and shoulders pattern on NASDAQ:COIN ’s weekly chart offers a framework for assessing future price movements. However, the $47 level emerges as a critical juncture. A sustained position above this level could bolster confidence in a bullish reversal, while a fall below could signal the need for a strategy reevaluation. As with all technical analysis, this pattern should be considered in conjunction with broader market trends and analyses.
NASDAQ:COIN
by AlgoTradeAlert
MOVRUSDT"As we enter the bullish season, the initial target to aim for is target : 90 🎯. This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and consider setting profit targets along the way. Happy trading!"
by MKO_Trading
5
WAVESUSDT"As we enter the bullish season, the initial target to aim for is target : 30 🎯. This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and consider setting profit targets along the way. Happy trading!"
W
by MKO_Trading
FILUSDT"As we enter the bullish season, the initial target to aim for is target : 68 🎯. This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and consider setting profit targets along the way. Happy trading!"
COINBASE:FILUSD
by MKO_Trading
AVAXUSDT"As we enter the bullish season, the initial target to aim for is target : 100 🎯. This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and consider setting profit targets along the way. Happy trading!"
by MKO_Trading
ICPUSDT"As we enter the bullish season, the initial target to aim for is target : 68 🎯. This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and consider setting profit targets along the way. Happy trading!"
by MKO_Trading
SUSHIUSDT"As we enter the bullish season, the initial target to aim for is target : 10 . This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and consider setting profit targets along the way. Happy trading!"
by MKO_Trading
OMGUSDT"As we enter the bullish season, the initial target to aim for is target : 10 . This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and consider setting profit targets along the way. Happy trading!"
O
by MKO_Trading
1
$Mara - Following Bitcoin BullishIm looking for NASDAQ:MARA to join the pump train for a move higher to 14 then 18/19 before the year end. Crypto has been on a pump with strong fundamental news. These crypto mining stocks for the most part has been consolidating as they are headed into earnings. We could potentially see a pop on earnings following the move on crypto. Adversely we could see a dip on earnings however that wouldnt change the overall bullish trend. Taking a further out contract would mitigate that risk.
NASDAQ:MARALong
by Thecontrariandaily
COINBASE ready for a new rally.Coinbase turned bullish on the 1D technical outlook (RSI = 63.427, MACD - 1.240, ADX = 25.992) as it is on the 5th straight green day since the 1D MA200 rebound. This was also near the bottom of the year long Channel Up, so the probabilities for a new rally/ buying wave like January and Jun/ July are increased. The key here is to hold the 1D MA50. If the stock doesn't break it, we will stay bullish and target the -0.236 Fibonacci extension (TP = 140.00) similar to where the July 14th top was priced. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:COINLong
by InvestingScope
One-trick Pony Club pumped and dumped`If you wonder how much all the monkey pictures are REALLY worth, you should check YouTube video: "Right Clicking All The NFTs" by Coffeezilla with 1,399,517 views uploaded on 21 Dec 2021 The story of sh1tcoins (Bored Ape Yacht Club and all the rest): Once upon a time, a rich man from the city arrived in a village. He announced to the villagers that he would buy Monkeys for 100 each. The villagers were very happy, after all there were hundreds of Monkeys in a nearby forest. They caught the Monkeys and got them to the rich man. He bought hundreds of Monkeys and paid 100 for every Monkey the villagers gave him. They began to make a living out of getting Monkeys from the forest and selling it to the rich man. Soon, the forest began to run out of monkeys that were easy to catch. Sensing this, the rich man offers 200 for every monkey. The villagers were ecstatic. They went back to the forest, set up traps and caught the monkeys and got them to the rich man. A few days later, the rich man announced he would pay 300 per monkey. The villagers began climbing trees and risking their lives to catch monkeys and get them to the rich man – who bought them all. There were no Monkeys left in the forest! One day, the rich man announced he would like to buy more monkeys – this time for 800 each. The villagers couldn’t believe this. They were desperately trying to get more monkeys.. Meanwhile, the rich man said he had to go back to the city on some business work and until he returns his manager would deal on his behalf. Once he left, the villagers were unhappy. They were making quick and easy money from selling monkeys, but the forest no longer had monkeys. This is when the manager of the rich man stepped in. He made an offer the villagers could not refuse. Pointing out to all the monkeys that the rich man had caged. He told the villagers he would sell the monkeys for 400 each. “Sell them back to the rich man at 800 each when he comes back” the manager said. The villagers were over the moon. Buy for 400 and sell for 800 in few days. They had just found the easiest way to double their money. The villagers collected all their savings and even borrowed money. There were long queues and within a few hours, almost all the monkeys were sold out. Unfortunately, their happiness did not last long, as the manager went missing the next day and the rich man never came back. Many villagers kept the monkeys with them, hoping the rich man would come back. But soon, they lost hope and had to let the monkeys back into the forest as feeding and taking care of the noisy monkeys became extremely difficult.
Short
by H_B_p_111
5
$Coin is in Trouble Headed into NFP next weekNASDAQ:COIN much like many of the crypto stocks pumps are steadily meeting strong resistance as the result of the sell down. Although Bitcoin and several crypto names went on a pump on etf news. There still a ton of downside that is likely to fill as we examine structure. 80-85 strong overhead resistance. Still trading within our strong weekly bearish engulfing candle (5 weeks now) Potential Bear Flag Under Resistance Next level of support is around $50. I would like Nov 24-Dec 1st puts to come active on this next week as we head into NFP. Ideal entries back around 80 NASDAQ:COIN
NASDAQ:COINShort
by Thecontrariandaily
1
COINBASE Final dip before bullish break-out.Coinbase Global (COIN) is failing on successive attempts to stay above the 1D MA50 (blue trend-line) and that is technically establishing it as the medium-term Resistance. The long-term one is the 1W MA100 (red trend-line), which has never been broken. Based on the MACD sequence, we have potentially one more dip to make on the Higher Lows trend-line, simiarl to May 04 and June 06, before first to test the 1W MA50 and then Resistance 1 (116.50), which is intact since August 04 2022. Our first target is 80.00 (1W MA100 projected path) and second is 115.00 (just below Resistance 1). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:COIN
by TradingShot
Mastering the Bitcoin Boom: Diverse Investment PathsIn this idea, we will explore different ways to amplify gains in a Bitcoin Bul. We will look at potential advanced tactics to capture further returns. My assumption is that Bitcoin is already in a bull market; however, the concepts I will talk about here will be valuable regardless of when the bull market begins. Bitcoin will most likely outperform most crypto assets due to the regulatory uncertainty and the potential upcoming ETF, so we don't think it's worth holding most altcoins out there. Yet there are some exciting ways to bet on Bitcoin indirectly to try to capture further upside, including altcoins. To do that, we will first look at specific key parameters that can serve as clues as to what we should be looking for in the assets we want to bet on: A) The beneficiaries of ordinals and the usage of the Bitcoin BlockChain, B) Coins/Tokens with a lot of BTC on their Balance sheet, C) Companies with BTC on their Balance sheet, D) Platforms that give access to BTC trading, E) Companies waiting for their BTC to be returned. F) Those that will benefit from an ETF. 1) Bitcoin miners. If the Bitcoin blockchain sees high usage, fees will go up, and miners will profit massively. As BTC rallies, more and more people will want to use Ordinals and Inscriptions and look for new ways to use Bitcoin. Miners also have BTC on their balance sheets, so their value will appreciate even further. WGMI is an attractive ETF that someone could buy as a bet on Bitcoin Miners, which looks pretty bullish after a massive collapse in 2022. Most alt-layer 1 protocols are dead and aren't coming back. Currently, there aren't many Bitcoin Layer 2 protocols. The only ones are Stacks and Rootstock (STX and RIF), both looking decent vs BTC. b) Tezos, Lisk, and Eos have a ton of BTC on their balance sheet. Based on my calculations, their market caps are smaller than the value of the BTC they hold. If their teams decide to return some of that BTC to holders, the prices of those projects will skyrocket. All these projects that are in development for 5+ years but haven't gained any reactions. They are looking quite bearish, yet the lower their ratios vs BTC go, the more attractive they are as a speculative buy, as they could easily double or triple in value. c) Microstrategy's Market Cap is worth the same as all the BTC on its balance sheet. It's currently at a 500m loss from the purchases and has a ton of debt; however, if BTC rallies and Microstategy finds ways to build on Bitcoin, its stock price has no ceiling. It's like a leveraged Bitcoin play with no risk of being liquidated. d) Coinbase has seen its competition rekt. Bittrex gone. Binance US is out. Gemini is suffering and can't truly compete with Coinbase. Coinbase plans to expand abroad and even launch its Ethereum Layer 2 protocol. Most FUD around regulations has already been priced in, and any positive news will disproportionately affect the price. As the exchange will be used as the custody solution for Blackrock's ETF, it will directly benefit from the ETF, despite potentially fewer people trading Bitcoin on it. ARKK holds most of the stock's supply and is unlikely to sell soon. e) LEO - This is Bitfinex's exchange token. If and when the US gov will return to Bitfinex the BTC it got from the Bitfinex hack back in 2016, that BTC will be used to buy back LEO tokens. When the FBI caught the hackers in 2022, LEOBTC jumped 85% on the assumption that the coins would be given back. I believe that, eventually, these coins will be returned and that LEOBTC will trade near or even above its ATHs. From here, that means a 100% gain or more. f) GBTC - As mentioned several times in my previous ideas, I believe an ETF will be approved, or something else will occur that will close the current GBTC discount. GBTC is a Bitcoin Trust trading at a 35-40% discount to NAV. That means that if that GBTC starts trading to its actual NAV, it will go up 70-80% from here relative to Bitcoin.
INDEX:BTCUSDLong
by BitcoinMacro