$COIN good R/R for a bear tradeRetesting triangle breakout point. History may repeat here. I will get out quick if we trade back above 61.25. Have a good day all.
COIN trade ideas
COIN Coinbase potential Sell-Off !!!If you haven`t bought COIN puts here:
Or sold it here:
Then you should know that COIN Coinbase was more than a client of Silicon Valley Bank, and the relationship between the two companies was more than just a client-provider one.
Back in 2014, when cryptocurrency projects and businesses affiliated with crypto struggled to secure financing from traditional sources, Coinbase gave a stock warrant to Silicon Valley Bank.
This was part of an agreement between the two companies, which allowed Coinbase to use the bank's services.
The warrant gave the bank the option to buy more than 400,000 shares of Coinbase's class B common stock for slightly over $1 each. The warrant was valid until June 2024, but it is unclear what its status is currently.
However, Silicon Valley Bank's latest annual report to the Securities and Exchange Commission revealed that the bank earned $116 million in gains "related to Coinbase's direct listing" in 2021.
Coinbase has also paused conversions between USDC (a stablecoin pegged to the US dollar) and US dollars, due to the ongoing banking crisis that has affected the crypto industry.
Circle, which backs USDC, confirmed that $3.3 billion of the $40 billion supporting its stablecoin was deposited at Silicon Valley Bank.
Following the bank's seizure by the FDIC, the fate of that cash is uncertain, and USDC's dollar peg has been lost temporarily.
It remains unclear what Coinbase's exposure to USDC is at this time.
Considering the chart, my Price Target for COIN Coinbase is $34, for a potential Double Bottom.
Looking forward to read your opinion about it!
COINBASE Stock Chart Fibonacci Analysis 031123 1) Find a FIBO Slingshot
2) Check FIBO 61.80% level
3) Entry Point > 58/61.80%
COIN short bearish push for expect
Hi viewers, CTAS price break zone, tech. side showing we can expect bearish trend
TP1:47
TP2:43
COIN Coinbase Crypto Winter in SpringIf you haven`t sold COIN here, ahead of earnings:
Then you should know that following a string of investigations and lawsuits against it, Silvergate Bank, a prominent lender to cryptocurrency firms, lost five key partners on March 2.
Coinbase, Paxos, Gemini, BitStamp, and Galaxy Digital were among the notable crypto firms that previously relied on Silvergate as their banking partner.
As a result, Coinbase ended its relationship with SI Silvergate and turned to SBNY Signature Bank, which i also believe it can drop significantly in price.
In my opinion, we are about to witness a Crypto Winter in full Spring.
COIN Coinbase could easily reach $53 by the end of this month, according to the Fibonacci retracement tool.
Looking forward to read your opinion about it.
$Coin to hell 3 bearish signs inside a triangle , clean breakout for the range Targeting around 30$ ...
COIN setting up to lose daily ema cloud.. and moreThe daily ema cloud is being tested and broken into. A continued move in this direction sees a break of our current neckline for the topping pattern known as a head and shoulders.. we see this over and over again in the market.
💾 Classic Consolidation Pattern | Bullish PennantWhat are the odds of a bullish continuation?
The odds are rising, higher and higher, with each passing day.
Looking at the Coinbase stock, COIN, we have the classic bullish pennant which is a consolidation pattern.
That's basically all we need to know.
Consolidation and bullish but there is always more.
✔️ The RSI is still strong even after more than a month of correction.
✔️ Same for the MACD, it remains above zero.
✔️ COIN is also trading above EMA50. That seals the deal.
Bullish continuation more likely than not.
Namaste.
SOLID GOLD $COIN : SHORT FORECASTif u seeing this u understand that there is a bear market in crypto and the general stock market
u also understand more money is made from shorting this stock than btc/eth/xrp/shiba/doge combined
Well i got enough reason to short do ur own due diligence
COINBASE - US Stock| Bullish Trend - Buy Limit 1HrCOINBASE is showing a Bullish Trend with HHs and HLs . It is expected that this trend will continue further. We are placing a buy limit order because it has formed an upward trend while using Fibonacci retracement and RSI tools.
COINBASE stock (280% gains if you're patient) NEW analysisCOINBASE stock looks great.
Falling wedge broke out bullishly and what we saw on 13 and 14 of February was creation of higher low and support retest.
Target 1 is at 114$ . It's a technical target from the bullish falling wedge pattern.
Target 2 is for patient investors/swing traders as it may take some time to get it.
At 205$ most likely we will see a trend reversal and heavy sell pressure as it's a strong resistance.
We are bullish on COIN in Q1 and Q2 2023.
Good luck
COINBASE CUP & HANDLEIt's an obvious risky play! and should draw BTC as well, but this is my first published drawing, and I really don't expect it to be accurate.
I have made some sketching where i see a cup and handle forming. I also drew a trendline for those who are holding as long term with the parallel channel completing the trend and the exit if it breaks the channel then price should head south to the bottom of the demand zone (if drawn accurately).
<$57 - Buy puts - Calls >$67
As I mentioned it is my first time and am still learning and doing mistakes so forgive me for that and i appreciate your comments.
COIN - False BreakoutNo news rip, looking to be a false breakout on this pennant. Expecting reversal to the downside.
Coinbase ($COIN) ShortCOIN 4/6 50/40P Spread for 1.80 looks like a good trade if bearish on COIN. Would consider cutting at .80 and/or if it broke outside bearish channel/trendlines.
Quick 20% trade on $COINCovered positions
Sold $COIN Puts @ 1.81, covering here
NOT being greedy
Not best trade but roughly 20% in about an hour or so
Will take
#CEX #Crypto #stocks #COIN
Back into $COIN @ support for a tradeFEB 28
$COIN is our largest trading position by far
Going to start covering some, not have so much exposure in 1 position
Have #stock & sold Put #options
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TODAY TODAY TODAY
$COIN dotted lines served as staunch resistance & support for some time now, 30Min chart
1Hr confirms
Had some WAY otm written PUTS still have but had covered most on that last run up
Sold next week puts, likely trade most maybe hold few of these
#cryptp #CEX #crypto
"Swing Trading COIN: Bearish Divergence and Golden Pocket Setup"Confirm bearish divergence on RSI: Wait for a clear bearish divergence on the daily RSI chart for COIN .
Watch for a break below the 50 EMA: Keep an eye on the price action and volume to confirm a break below the 50 EMA. Volume increasing as it breaks 53.66 could signal a stronger bearish move.
Enter short position: Once the break below the 50 EMA is confirmed, consider entering a short position at a price level slightly below the 50 EMA. Set a stop-loss order at 58.10 to minimize losses if the price moves against the trade.
Set take-profit level: Set a take-profit level at 44.62, but consider taking into account the whole golden pocket between 52.78 and 43.78. The golden pocket is a Fibonacci retracement level and could act as a significant support level.
Monitor the trade: Monitor the trade closely and consider moving the stop-loss order to a trailing 5% once the trade is 15%+ in profit. This can help protect profits in case of sell exhaustion. Also, consider oversold levels as the price approaches the profit target.
Note: This trade setup strategy is based solely on technical analysis and does not take into account any fundamental factors that may affect the price of COIN. It is important to conduct further research and analysis before making any trading decisions, and to only risk an amount you are comfortable with losing.
💾 Bitcoin, Coinbase & TeslaWe will go into Bitcoin monthly next but let's make a quick stop first and take a look at Coinbase and Tesla.
Recently I mentioned Tesla (TSLA) as a leading market indicator.
It moved first on the crash and it also moved first on the bounce/recovery, and thus we can use this stock to know what the rest of the market will do.
Then we have Coinbase (COIN), a publicly traded Cryptocurrency company.
Say what you will about their methods but like Binance, they are (1st) one of the only few options available around and (2nd), a true force in this game.
We can like them or not but regardless of that we have to admit that they play a most important part in this market.
As the Coinbase stock went bullish the entire market went bullish, as Bitcoin goes bullish Coinbase goes bullish.
Yesterday we had a full green candle on the COIN stock.
- This candle recovers 5 previous days that this stock has been closing red.
- This same candle is also pushing the stock back above EMA10 which switches the short-term potential from bearish to bullish.
- This move is supported by rising volume, above the daily average.
- Another point in favor is the RSI staying above 55.
What these signals are pointing to is the potential end of the correction , the 0.618 and 0.5 Fib. retracement support levels have been activated and a bounce is already taking place.
This can lead to the next move starting soon, now.
- COIN can move above 100.
- It can move above 120...
- The next target is set at 144, more or less.
We wait and see of course.
Thanks a lot for the support.
Namaste.
You can get exposure to Crypto gains through COINWe are seeing very strong volume building up for COIN which could lead to further upside for this pair. We can use COIN to take advantage of the crypto narrative.
COIN Responds to Higher Terminal Rate ExpectationsCoinbase NASDAQ:COIN has been responding to higher terminal rate expectations, which have risen dramatically in the past month. In December 2022 and January 2023, the August Fed Funds futures contract previously showed a terminal rate of approximately 4.70%. And the consensus had adopted the view of significant rate cuts into year end 2023. Now, that has changed, and the FF futures contracts show that the market's view of rates is coming into alignment with the US Federal Reserve's messaging. The December 2023 contract has moved up approximately 22% since mid-December 2022.
Coinbase has been falling rapidly today, over -8.00% after PCE (the Fed's preferred inflation gauge) came in hotter than expected. Retail sales for January 2023 also came in hotter than expected, and measures of the economy give the Fed room to keep rates higher for longer. Markets want to have their cake and eat it too—but that's not possible in an inflationary environment (sticky components especially). Stronger economic data coincides with more sticky inflation data for now, which gives the Fed incentive (and room) to keep rates higher for longer.
Coinbase is correcting at a minimum. One cannot rule out the possibility of a retest of lows or a new low altogether. But until critical support is reached (and breached), it's best to take this one level at a time.
1. Today, COIN breached the lows from earlier this week, specifically the low on Feb. 22, 2023, creating a bearish short-term structure.
2. COIN has been in a short-term downtrend since February 2, 2023 highs. That provides a good risk-reward entry spot for short-term traders. Caution is advised due to the volatility regularly seen by this stock. And the closer the entry is to the defined risk level, the smaller the risk is and the larger the position size can be without violating risk-management principles (but the more likely the stop is to be triggered as well).
3. A conservative target is $52.50-$54.13 in the shorter term, provided the downtrend line holds
4. A moderately aggressive target is $44.90 to 46.61. This target is not in effect until the conservative target is breached and held to the downside.
5. If COIN does not make significant progress in the next few days, the idea will be cancelled. Vanna and charm hedging flows as March OPEX approaches can start to boost markets if downward progress is not made quickly in the coming week.
6. The Bollinger Bands suggest a downside breakout could occur in the coming days or weeks.
Supplementary Chart A
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Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed.
Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders.
DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
$COIN = winner for intermediate & short term trading$COIN is our largest trading position by far
Going to start covering some, not have so much exposure in 1 position
Have #stock & sold Put #options
#crypto #cex #coin #Coinbase
$COIN forming NICE bottom forming patternwhat seeing for $COIN Intraday
15Min 30Min & 1Hr charts
Gets congested @ 4Hr and daily
Showing daily so you see
#COIN #stocks #crypto
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Different view for $COIN on DAILY
Forming Inverse Head & Shoulder patter
EARLY!!!
IF 56ish holds for a bit this is GREAT sign
Of course $BTC pumping would help the cause
#crypto #stocks
@coinbase
Is COIN ready to test 2022 lows?COIN recently had a nice oversold bounce and is now consolidating around the BigRed level, which is acting as a magnet line. After a few weeks of strength, it is now showing signs of weakness as it breaks below the BigRed level again and closes the day below it, which is bearish. Additionally, it has broken down from a symmetrical triangle, which is also bearish.
The volume is currently neutral but slightly more bullish than bearish.
COIN is currently trading below its 8, 20, and 200-day moving averages, which is bearish.
The RSI is ticking down but still remains in neutral territory.
The MACD is also ticking lower, but both the MACD and signal lines are currently above the zero line, which is more bullish than bearish.
Overall: COIN seems to have lost its upward momentum, which it had gained from the bounce off the lows. It needs to move away from the BigRed level, which is currently acting as a significant resistance zone. The $60 level is also a crucial area of resistance, where a lot of volumes were observed in 2022. Without any significant positive news and with bad reports, it will be difficult for COIN to break above that level and stay above it. With the Friday close below the symmetrical triangle and the BigRed level, there is a significant chance that the price will continue to fall towards the 50-day MA or the $50 area and may even retest the lows from 2022. However, before it can reach those levels, it first needs to cross through a crucial round number like $50 and the 50-day MA.
For the bulls, the price needs to move above the BigRed level as soon as possible and close the day above the 20-day MA (green line) to even consider testing the $90 level again.
