$COIN Bullish Gartley 30m - Could see a pop in the morning.Put it on your watchlist for a 50% retracement in the morning, could be a nice trade out the gates depending on where we open.
COIN trade ideas
$COIN trade recap$COIN
The stock opened with a gap down and I had it on my watch list and trading plan, the initial idea was to take the stock from $42 if strong support was created at the level but it didn't happen and the stock went up strongly with the market up to the $45 resistance area. From there I took the stock short as soon as it broke an area there which in my opinion there is no way back for the stock to go up and the market also changed its direction down.
Entry - 44.37
Stop - 45.01
Take profit - $43 You can see that I took some profit at 43.65 but it was a little less than 5% of my risk (it was to reassure myself because there was a level of support, but not strong at all)
COINBASE in technical trouble... Noted that Coinbase COIN is in some sort of technical trouble.
Based on downside projections, the downdraft is technically aligned and sound, with a target of 23.36, by mid-December. This is a 50% cut in stock price from last Friday's closing.
An earlier breakdown of the triangle, and the more recent failure of the 2022 support last Friday suggest more downside to follow in the days and weeks ahead.
Heads up...
COINNot financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally
Coinbase seems to be in big trouble- the chart has been nothing but down only since inception
- don´t think it´s a problem of Coinbase being a crypto company either, in bull markets, exchanges make absolutely massive revenues yet it seems COIN failed to capitalize on that
- confirmed breakdown of an almost 200 day long range
- Brian Armstrong selling the last of his shares is not exactly confidence inducing
COINBASE (COIN) going out of business...Looking at the lines I have put in place COIN has touched this support 5 times... we have now broken that and look for a big rejection to happen. You can see crypto still bleeding so look for COIN to follow...
COIN is bottoming COIN is bottoming,
trendline has support.
so we wait for a stong V bottom.
there is not too much space for downtrend.
COIN | WTF! Could the new UI/UX possibly be any worse? The only thing you guys have left now is a relatively strong VPFR but I tossed in a reverse Fib to show where your price probably SHOULD go.
Looks like I'm moving to another exchange for onramp / offramp again AGAIN!!
Wanna know more about my totally miserable experience with the new platform? Or care to share thoughts / opinions on why CB sucks so unbelievably now?
Comment below friends
* * * Not investment advice * * *
Coinbase graphical and fundamental analysis (COIN)1. Graphical Analysis
Since listing on the stock exchange, the stock has had a maximum depreciation of 90%, reached on May 12, 2022.
If the downtrend continues, the $40 support will be retested and in the worst case the price will reach $30 given the Fibonacci predictions.
To reverse this bearish bias, the price needs to break through the resistance ranging from the $58 to $68 region.
2. Fundamental Analysis
- Earnings per Share
- Net income
- Free cash flow
These indicators appear to reverse a downtrend.
But given the dire scenario created by the fall of FTX, it may be too early to say that.
- Net worth
There were no big swings.
- Price to Earns Ratio
- Price to Cash Flow Ratio
From July 2022 until now, there has been an inability to generate a profit.
Ditto for the previous comment, apparently it is reversing a downtrend.
Opportunity? I don't know...
I won't know for sure until the indicator crosses the zero line and the company actually makes a profit.
---
Speaking of the crypto market, it is also important to analyze the results of other companies in the cryptocurrency and blockchain sector, which are also publishing their results.
They are companies like Marathon, Riot, Hut, Core, Nile, among others.
By the way, the results that have come out so far don't look good.
COIN TOOLKITWhat If told you there were 60 crypto exchanges? Now picture it with just 5. Where p would you be? Now if b I told you there were 9245 different Crypto Cryptocurrencies. Now picture it with as few as 25 or 10 where would you be? Yep up sh$ts creek without a paddle. There may be one unseen exchange as of now wouldn't you like to know the name? If there n was one coin to buy right now under 1.00 that will go to the moon would you want to buy it now? It is about to be shaken up to the core. Is the largest exchange the safest place to be? Where r should you store your crypto?
Have you n ever been with an exchange that was hacked did you lose everything? What are the signs of a failing exchange? 5 letters GREED. c Jerico is at the gates and when the trumpet sounds the walls are going to fall e down. Subscribe. x Follow. Do the search and see if you can find the clues I have dropped. Coin marked safe. Where will defi leave you?
Bull flag on COIN 1 Hour time frame COIN bull Flag. Calls Strike price 85 Expiration day 1.23.23 looking good :)
How about those apples..I have not posted for a while being a bit busy but lo and behold look what is happening...
Everything is aligning to my prediction I made a year ago..
Black Rock joined in.. Google payments joined in..
and now all the other exchanges which are unregulated have dissolved .
FTX. Voyager...
Soon it will be binance that goes down..
And where do you think the people are going to go kids?
For safety and regulation...
Aka $coin.
I'm surprised so many people have missed this....
Anyway..
My intent is to remain humble
Stay fresh guys...
You know what's coming...
Selling Coinbase slightly above previous support.Coinbase - 30d expiry - We look to Sell at 62.28 (stop at 67.21)
Our bespoke support of 60.00 has been clearly broken.
Previous support at 60.00 now becomes resistance.
Daily signals are bearish.
We are trading at oversold extremes.
There is no clear indication that the downward move is coming to an end.
This stock has seen poor sales growth.
The primary trend remains bearish.
Our profit targets will be 50.51 and 48.51
Resistance: 55.00 / 60.00 / 63.50
Support: 50.00 / 46.00 / 40.80
Daily chart
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
COIN shorting on the current Macroeconomic situation. We are not in clear waters yet to be able to pile back in to risk assets. Currently we think it's a good idea to short these Crypto names as long as they are in a bearish trend as long as the most important part of our strategy: The Reward to Risk Ratio is appealing.
RectangleEarnings miss.
Price is under a Rectangle.
No recommendation
Volatile but short for the long term with chop a long the way.
ATL 40.83
ATH 429.54
Selling COIN in a range.Coinbase - 30d expiry - We look to Sell at 73.48 (stop at 78.66)
The primary trend remains bearish.
Price action continued to range between key support & resistance (60 - 74) although we expect a break of this range soon.
The bias is to break to the downside.
We look for a temporary move higher.
73.78 has been pivotal.
Preferred trade is to sell into rallies.
Our profit targets will be 61.02 and 57.02
Resistance: 67 / 74 / 80
Support: 60 / 56 / 50
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
COIN Coinbase Options Ahead of EarningsLooking at the COIN Coinbase options chain, i would buy the $60 strike price Puts with
2023-1-20 expiration date for about
$8.00 premium.
Looking forward to read your opinion about it.
PICK UP THE COIN - Haters gonna hateHi guys,
after my first successful published chart, I try again to start a forecast.
Indices that speak for further large increases are the following:
- BlackRock is now on board
- Cooperation with Google
- My biggest indication: Frederick Ernest Ehrsam III and especially Tobias Lutke have bought larger amounts of shares and continues to do so!!!
We are currently in the process of consolidation. Don't miss the next bull run and buy shares of Coinbase!
I will buy again shares around ~ 60$.
When we have crossed the blue line, the rocket is ignited
Haters gonna hate - let them. They bet on falling prices.
BlackRock will rule them and their money.
No financial advice.
nice bounce from support 🥝made some decent gains adding shares at support zone, I will consider adding more shares or calls under 2 conidiations...
break of 80/holds above that level by power hours or dips to support zone and bounces again.
no triga no trade! 🙊
COIN breakout?$COIN has recently broken out of its bearish pennant pattern with some potential upside. However, this could very well be a fakeout and continue lower just like it had happened previously. We are in a bearish pennant and could move back to the downside, especially if overall market sentiment continues to be bearish. Personally, I will go long if we can hold above this pennant and resistance. I will look to go short if we confirm this is a fakeout and we start to trend lower.
