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S-COIN

COINBASE rebounded on its 1W MA50. Next target = $390Coinbase (COIN) hit (and even broke) last week its 1W MA50 (blue trend-line) for the first time in more than 1 year (since the week of June 26 2023) and posted an incredibly bullish reaction by almost recovering all of the weekly losses. At the same time, that drop almost touched the bottom of the 1.5 year Channel Up that started after the 2022 market bottom. All similar bottoms registered at least +146.82% rallies on the Bullish Legs that followed, so we expect the stock to have a minimum $390 Target, which will also reach the 0.786 Fibonacci Channel level, that is always hit during such rallies. ------------------------------------------------------------------------------- ** 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
1
COIN cup and handle Technical Outlook: Bullish Setup: A cup and handle pattern is forming, suggesting potential for an upward breakout. Key Levels: Watch for a breakout above the handle with strong volume. Support is solid at the 50-day moving average. RSI: Still below overbought, meaning there’s room for upward movement. Fundamental Snapshot: Strong Q2 Earnings: Revenue jumped to $1.38 billion, largely due to increased trading volumes and the approval of Bitcoin and Ethereum ETFs​ (Crowdfund Insider). Regulatory Risks: Ongoing SEC battles could impact growth, but recent ETF approvals are a positive sign​ (Crowdfund Insider). COIN is closely correlated with Bitcoin so keep an eye on that as well. If COIN breaks resistance, it could see strong gains, but keep an eye on regulatory news.
NASDAQ:COINLong
by Path100x
BTCUSD/D Is it an opportunity or a long slide for BTCUSD?Long-term BTCUSD analysis: The drop from the peak of 70000 shows us a new profit-taking zone for Bitcoin. Currently, the selling pressure is still very strong, which also presents a long-term opportunity for holding BTCUSD and Bitcoin. The short-term trading trend remains SELL. Key price ranges to note are: 46000-48000 and 37000-42000. It is predicted that BTCUSD could reach 80000 this year. We should seize the opportunity to buy this long-term BTCUSD. Recommendation: Plan 1: SELL BTCUSD zone 59000- 60000 SL 62500 TP 55800 - 52500 - 49000. Plan 2: BUY BTCUSD zone 47000-48000 SL 45000 TP 52000 - 58000 - 80000 - open. Plan 3: BUY BTCUSD zone 37000 - 40000 SL 35000 TP 45000 - 52000 - 59000 - 80000.
COINBASE:BTCUSDLong
by wetdyerap
Coinbase (COIN) Set to Report Q2 Result Tomorrow: What to ExpectCryptocurrency company Coinbase (NASDAQ: NASDAQ:COIN ) is set to report its Q2 earnings tomorrow after the bell. As one of the leading platforms for buying, selling, and managing cryptocurrency, Coinbase's performance is closely watched by investors and analysts alike. Here’s a detailed look at what to anticipate from the upcoming report. Recent Performance In the last quarter, Coinbase delivered impressive results, surpassing analysts' revenue expectations by 19.4%. The company reported revenues of $1.64 billion, marking a 112% year-on-year increase. This strong performance also saw Coinbase exceed earnings per share (EPS) estimates, signaling a solid quarter for the cryptocurrency giant. However, it's worth noting that monthly active users (MAUs) fell by 4.8% year-on-year, totaling 8 million. Expectations for Q2 For this quarter, analysts are predicting a continuation of strong revenue growth, with an expected increase of 92.8% year-on-year to $1.36 billion. This anticipated growth reflects a reversal from the 12.4% decline experienced in the same quarter last year. Adjusted earnings are expected to come in at $0.87 per share, which would mark another solid performance for Coinbase if met. Analysts’ Consensus Over the past 30 days, analysts covering Coinbase ( NASDAQ:COIN ) have largely reconfirmed their estimates, indicating a belief that the company will stay on course heading into its earnings report. However, it's important to consider that Coinbase ( NASDAQ:COIN ) has missed Wall Street's revenue estimates twice over the last two years, adding a layer of uncertainty to the upcoming results. Peer Performance Examining Coinbase's peers in the consumer internet segment offers some insight into broader industry trends. Pinterest reported a year-on-year revenue growth of 20.6%, meeting analysts' expectations, while Netflix saw revenues rise by 16.8%, also aligning with consensus estimates. Despite these positive results, Netflix's stock traded down 1.5% following their earnings announcement. This mixed reaction from the market could be a sign of cautious investor sentiment. Market Sentiment In general, investor sentiment in the consumer internet segment has been positive, with share prices up 2.5% on average over the last month. However, Coinbase's stock price has remained unchanged during the same period. As the company heads into its earnings report, the average analyst price target for Coinbase stands at $257.8, compared to the current share price of $224.22. Challenges Ahead: FCA Fine A significant issue looming over Coinbase ( NASDAQ:COIN ) is the recent fine imposed by the Financial Conduct Authority (FCA), a U.K. financial regulator. On July 25, 2024, the FCA announced that it had fined Coinbase's U.K. unit, CB Payments Limited (CBPL), approximately $4.5 million. The fine was issued for repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers. The FCA cited a lack of due skill, care, and diligence in the design, testing, implementation, and monitoring of the controls put in place to prevent such violations. This regulatory setback could impact investor sentiment and pose a challenge for Coinbase as it navigates its compliance obligations and works to restore its reputation. Technical Outlook Coinbase stock ( NASDAQ:COIN ) has experienced a notable increase of 5.5% in the pre-market trading session on Wednesday. This rise in stock value reflects a strong and positive sentiment among investors as they anticipate the upcoming Q2 financial reports, which are scheduled to be released tomorrow. The excitement surrounding these reports suggests that a robust earnings performance could potentially propel the stock price of NASDAQ:COIN towards the significant resistance level of $250. Conversely, if the earnings report falls short of expectations, it could result in a decline, pushing the stock down to the support area around $202, which is notably below the recent one-month high that the stock had achieved. In terms of technical analysis, the Relative Strength Index (RSI) currently stands at 45. This level indicates a state of balanced momentum between bullish and bearish sentiments in the market as traders and investors await the Q2 results. It's important to note that such anticipation can sometimes lead to gaps in stock prices, reflecting the uncertainty and volatility that often accompany earnings announcements. As the market prepares for this critical information, both sides are poised to react based on the outcomes, which could significantly influence the stock's trajectory in the near future. Conclusion As Coinbase prepares to report its Q2 earnings, investors and analysts will be watching closely to see if the company can continue its strong performance from the previous quarter. While expectations are high, the recent FCA fine adds a layer of complexity to the company's outlook. Despite these challenges, the overall positive sentiment in the consumer internet segment and the reaffirmation of analysts' estimates suggest that Coinbase remains a key player to watch in the cryptocurrency space. Stay tuned for the earnings report tomorrow after the bell, as it will provide crucial insights into Coinbase's performance and future prospects in a rapidly evolving market.
NASDAQ:COINLong
by DEXWireNews
COINBASE #COIN priced in #Bitcoin 3X outperfromanceShould u just buy Coinbase stock rather than the go through the hassle of Buying , storing, off-ramping profits back to your bank. It is far easier for big money who want some crypto exposure to just buy crypto stocks. All in their familiar regulated platform, hence why the Spot ETF is so important... But who are the custodians Blackrock is entrusting to hold their #BTC..... Coinbase This will be a big money maker for Coinbase and hence why it could actually overperform and get back to all time high's in the next two years.
NASDAQ:COINLong
by BallaJi
3
COINBASE targeting $470 after this accumulation is over.Coinbase Global (COIN) has been consolidating around its 1D MA50 (blue trend-line) since late May. The long-term trend remains bullish (since the January 2023 bottom) and is best illustrated by the use of the Fibonacci Channel. Right now the price is exactly on its middle (0.5 Fib level). The stock is no stranger to consolidations like this as within this Channel Up pattern, it has seen another 3 similar Accumulation Phases (green arcs). The minimum rise following such a phase has been +146.82% and it has so far happened twice. The last Bullish Leg is such an example. Technically, the current Accumulation Phase resembles more the one that ended in October 2023. The next time we close a 1W candle above the 1D MA50, COIN will most likely confirm the start of the new Bullish Leg. If we assume it will again rise by the 'minimum' +146.82% rate from May's Low, then expect a direct hit this time at the top (Higher Highs trend-line) of the Channel Up. Our Target is $470.00. ------------------------------------------------------------------------------- ** 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
4
Bitcoin is about to make a large move!BTC has lost some key technical support levels. The weakness displayed in crypto has come while the stock markets have been incredibly strong Its never a good sign when you see BTC getting rejected at double top. The previous ATH at 69k seems to be really keeping price action in check. BTC has 2 channels converging around 57k - 59K. Don't be surprised if we see more sellers in the next couple weeks. Util we break the bullish neckline, the 94K price is only a dream.
BITSTAMP:BTCUSD
by Trading-Capital
1
BTC/USD Poised for Bullish Momentum Amid ConsolidationBTC/USD Daily Chart Analysis Trend Analysis: - The daily chart shows an overall bullish trend with higher highs and higher lows since late last year. - Recently, the price has been experiencing consolidation with some volatility but remains above key support levels. Support and Resistance Levels: - Immediate Support Level: 65,000, which could act as a strong support if the price pulls back. - Next Support Level: 62,400, a significant support level that has been tested previously. - Immediate Resistance Level: 70,000, which could act as a barrier to upward movement. - Next Resistance Level: 73,800, a key resistance level that aligns with recent highs. Technical Indicators: - The recent price action and candlestick patterns suggest consolidation within a bullish context. - The overall momentum remains positive, indicating potential for continued upward movement. Direction Preference: Given the current bullish trend and the higher time frame, the preferred direction for BTC/USD in the short to medium term is bullish. The price is likely to continue moving higher towards the resistance levels of 70,000 and potentially 73,800. Key levels to watch: - Pivot Price: 66120 - Resistance: 70000, 73810, 76500 - Support: 64900, 62400, 59940 Conclusion: The BTC/USD daily chart indicates a bullish trend with continued upward momentum. It is advisable to consider long positions, targeting the resistance levels at 70,000 and 75,000. Monitor for any signs of consolidation or pullback, but as of now, the bullish trend remains the preferred direction for today and the near future.
BITSTAMP:BTCUSDLong
by SroshMayi
ZKUSDT: The Path to Millionaire StatusIn the world of cryptocurrencies, ZKUSDT stands out as a diamond in the rough. With its current price hovering around $1.11 and a staggering target of $3.87, this coin is poised for exponential growth. What sets ZKUSDT apart is not just its price potential, but its robust foundation and promising future. Despite being listed on exchanges like KuCoin, Gate.io, Bybit, and Crypto.com, ZKUSDT has yet to find its place on major platforms such as Binance and OKX. However, the fact that investment teams from these exchanges have already shown interest speaks volumes. The likelihood of ZKUSDT being listed on these giants is incredibly high, potentially catapulting its price to new heights. Technically speaking, ZKUSDT is currently in the accumulation phase on the price chart, indicating strong support and readiness for a significant upward move. The price targets illustrated on the chart underscore its immense potential. What's more, the ultimate price ceiling considered as the final target could be surpassed dramatically upon listing on major exchanges. This could turn early holders into millionaires overnight. ZKUSDT isn't just another cryptocurrency; it's a ticket to financial freedom for savvy investors. Stay tuned for what could be the most lucrative opportunity of the year. Market Mastery Media
Long
by rezamehrjuyan
1
COINBASE Short-term Channel Up targeting $284Coinbase (COIN) has been trading within a short-term Channel Up (blue) ever since the bottom on the 4H MA200 (orange trend-line) and later turned the 4H MA50 (blue trend-line) into a Support too. Yesterday the first 4H MA50/ 1D MA50 Bullish Cross was formed since February 29. As you can see this is approximately the same pattern that was followed after the February 09 bottom on the 4H MA200 and its first Target was the Resistance coming of the previous High. This short-term Channel Up leads straight to that Resistance as part of its next Higher High, so our short-term Target is $284.00. ------------------------------------------------------------------------------- ** 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
3
JFIN Coin 12/06/2024To analyze the provided chart, I'll break down the key elements visible: Analysis: Short-Term Prediction: The chart predicts a short-term increase to around 9.95, followed by a decline. Medium to Long-Term Prediction: A significant decline is expected, potentially reaching the support zone around 5.50 to 6.50. Strategy: For Traders: If you are trading based on this chart, a possible strategy might be to: Monitor the price action around 8.85 (Target 1)to 9.95 (Target 2) for signs of reversal. Consider short positions if the price fails to break above 9.95 convincingly. Look for buying opportunities if the price reaches the support zone around 5.50 to 6.50, anticipating a potential rebound.
Long
by GuruWaveAnalysis