Long coinbaseLong coin base @78.48
Waited for daily close , to confirm the breakout
Sl yesterday candle low. Approx. 6% *( might not sell it at a loss as overall long term bullish in this stock).
COIN trade ideas
Coinbase Wins VASP Crypto Approval in France Ahead of MiCA Coinbase Wins VASP Crypto Approval in France Ahead of MiCA
Crypto exchange Coinbase has secured key approval from the French financial market regulator to offer crypto services in France, according to a statement issued on Thursday.
The development paves the way for Coinbase to expand its European services ahead of the Markets in Crypto Assets (MiCA) regime, creating a robust framework for crypto-native companies to offer regulated products and services in the EU bloc.
Coinbase Secures VASP Registration in France
On December 21, Coinbase announced that the Autorité des marchés financiers (AMF) had granted the company a virtual asset service provider (VASP) approval, a green light to operate in the domestic market.
The VASP registration will allow Coinbase to offer users in France a full suite of retail, institutional, and ecosystem products and services. This includes custody of digital assets, buying and selling of digital assets in legal tender, and digital assets trading against other digital assets.
COINBASE-SELL strategy Weekly chartThe short-term view applies as well as the medium-term one. I have been suggesting since some updates to be SELL, which is simply look at the extend of market movements. Market movements are not always logical, and consistent. In the case of COINBASE clearly driven by crypto movements, hence makes the call harder, but overall the picture does. not change for a sharper correction in the near-term.
Strategy SELL between $ 160-180 for a move back towards $ 110.00. SL is dependent to the pocket, but am suggesting to place it somewhere @ $ 195.00. Keep leverage or capital employed low please. That way we minimize losses and maximize the profit, which I feel should be placed near $ 118.00 for now.
Coinbase Long-term OutlookAnother day, another ticker updated. Some of y'all might recall, in one of my posts I mentioned being long COIN with the intention of selling around the $200 area. Due to the type of reaction off of the 1.236 fib, it made me think we were about to start our descent for wave (4). I then upped my stop limit to $163 to ensure I captured those profits. We dropped down to $160.07 to stop me out and then started to move higher again.
Since then, we have raised with strength, imo, to finish out wave (3). This puts my entire trading strategy out there for y'all to see. Sure, I could have made an extra couple hundred dollars had I stayed in. I also could have lost all those gains I had just made. See, I would rather fear losing money, than suffer from FOMO. Due to this thought process, I pocketed over 19% profit in one week, in one trade. I shouldn't need to mention the effect compound interest will have with this type of success in trades.
That being said, I expect this to raise to around the 1.382 @ $190.51. However, we're raising on negative divergence at this time on the hourly. This indicates the move is weakening and most likely coming to an end. Structure has met/almost met all requirements, MACD is dropping on the lower time frames, and we're reaching the "normal" endpoint for an extended move. After we top, I would expect us to drop to around $130-$160 before taking off for wave (5) of ((3)).
Notice MACD made a new high? Remember what that means? If not, you might have an opportunity to learn early next year from me.
P.S.: Blackstone is working on getting a bitcoin ETF approved. Should this happen, I would expect COIN to go on a tear. Makes one wonder if it will get approved towards the end of this wave (4) coming up. That would definitely give us the strength needed to reach the first target box you see on the screen. Corrective waves can chop for a long time though so I am unsure how long it will take to get there. I would assume we will hit the box sometime in 24'.
Bonam Fortunam,
--Tyler
Coinbase to $118 before facing selling pressureCoinbase is working on a weekly close that would be the highest of the past 13 weeks.
Additionally, it has broken out above the weekly Cloud for the first time in it's history.
Once the Chikou Span is in 'open space', it will confirm an Ideal Bullish Ichimoku Breakout.
NASDAQ:COIN 's periodicity suggests that the next price and time levels to watch are the last week fo December 2023 near the $118 value area where the 100% Fib. extension and the top of the Volume Profile currently exist.
However, because the volume profile is almost non-existant above $120, there is a high probability that NASDAQ:COIN could just shoot above in an insane rally.
Coinbase Expands in Europe with French VASP LicenseFundamental Analysis
Coinbase expands to France with VASP license, seizing opportunities in a thriving crypto-friendly market amid U.S. regulatory challenges.
Coinbase, a cryptocurrency exchange, has marked a European expansion by securing a virtual asset service provider (VASP) license in France. This development, confirmed by a company spokesperson, signals a major stride for Coinbase in extending its services in the European market. France’s AMF watchdog, recognizing the potential of digital currencies, has effectively given Coinbase the green light to operate its array of crypto services within the country.
Coinbase European Expansion Amid U.S. Regulatory Challenges
Amidst increasing regulatory pressures in the United States, Coinbase’s move into France represents a strategic shift in focus. The U.S. Securities and Exchange Commission (SEC) has been notably stringent with cryptocurrency firms, leading to heightened tensions. Coinbase, facing allegations from the SEC of engaging in illegal securities dealings, has countered these claims, advocating for clearer crypto-specific regulations in the U.S.
Coinbase’s European venture came when the U.S. Department of Justice took stern measures against crypto giants like Binance, resulting in substantial settlements and leadership changes. This contrast in regulatory environments underscores Coinbase’s decision to deepen its presence in Europe.
France as a Tech and Crypto Hub
Coinbase’s French expansion aligns with President Emmanuel Macron’s vision to transform France into a global technology hub. Under the “France 2030” initiative, the French government has allocated 34 billion euros in investments over five years. This investment bolsters France’s position in cutting-edge technologies, including artificial intelligence, cloud computing, and blockchain.
The country’s progressive stance on technology and digital assets has attracted several crypto firms, including Circle, Binance, and Crypto.com, which have established their European bases in Paris. The presence of major players like Ledger, a crypto custody service provider, further solidifies France’s burgeoning role in the crypto landscape.
Rising Crypto Adoption in France
Despite recent market downturns and industry challenges, France has witnessed a steady increase in cryptocurrency adoption. According to Toluna, a data firm, around 10% of French adults currently own crypto assets, and 24% plan to engage in crypto transactions within the next year.
Therefore, Coinbase’s entry into the French market with the VASP license comes at an opportune moment. This move enhances the company’s European presence and taps into French consumers’ growing interest and adoption of digital assets.
Technical Analysis
NASDAQ:COIN stock is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. In case of a negative reaction, the stock has support at approximately 110 dollar. Positive volume balance shows that volume is higher on days with rising prices than days with falling prices. This indicates increasing optimism among investors.
The stock has strong positive momentum and further increase is indicated. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
Coin iS TinklingHi friends, Sharing weekly chart of Coinbase global. So as you can see that i identified an Ascending Triangle breakout pattern in it on weekly chart and below i am sharing some insight and key factors about this breakout which i analyzed on provided chart, hope you like my presentation and give your valuable support to my publication mates.
So as we can see above on provided chart that price breached recent swing top and close above and it is highest clsoing after 17-18 months by the price too so i assume that we can see some bullish moves in this counter in coming weeks Guys.
Analysis points- You can see that before this breakout price started making higher lows and gradually moved out towards breakout zone and made a higher high pattern too by recent two swing tops, before this higher low formation when price was in lower lows trend i observed that Rsi making higher highs formations so we can say that it was bullish divergence too by rsi at that time and we can say that price just started the resumption of uptrend from there.
Targets- Target i identified for this long trade by two ways, one is very simple i am taking resistance target and for the second i meausered height of Triangle from swing top to swing bottom and find out amazingly that both targets indicating almost the target zone, so taken target zone seems very logical for me friends.
Breakout Retest Levels- 105
This publication is meant for only learning purpose, it is not any kind of trading advice.
Best Regards- Amit
“If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” -Mark"Douglas
COINIf BTC strength continues, 166 and 177 gaps likely get filled soon
Just above 177 gap is 180 / MID, which is an exact 50% retrace of the all-time high from the cyclical lows -- MID of the whole move.
I'm liking the confluence of that 177 gap and MID of the whole move.
$COIN - Overbought but ride has just started. Going to try to keep my thoughts simple. With alot of momentum growing in the crypto world it makes perfect sense to see NASDAQ:COIN get its latest pump, especially with BTC hitting 40k+. It is with no question that NASDAQ:COIN is in a overbought scenario as the RSI shows us. We closed today with a spike of above average red volume, leading to an indecision range day after a $10+ overnight gap.
Long term, i see NASDAQ:COIN hitting $200 easily. (Inverted H/S, Break of neckline) Are the confirmations that show us our bias.
Short term, due to the gap up and clear overbought scenario on the daily.. i want to see a pullback to the 9 daily ema. I dont predict the pull back to be extreme.. buyers are relentless and any significant dip can be expected to be bought.
Use proper risk management and enjoy the ride to $200 going into 2024. Cheers.
CoinHad a very nice breakout which saw a good rejection off 155 area
We just broke down from a symetrical triangle which could have contiued this trend to 160 but failed for now.
I’m still bullish coin but Mabey we need to come
Back in and retest that pattern we just broke out from.
I’m in shorts on coin looking for a retest of either 144 or 140.
Curently the symtrical trinagle we broke down from around 152 NASDAQ:Z … has a target of 146.40 for today tarhet only.
This curent pattern is a smaller symtrical triangle ranging from 148-150 $
Not sure which way it’ll break yet, but I’m thinking downside to contiue to 146-144 at least. But if we break 150 and reclaim this might stop me out of my bearish trade
Hopefully the patterns I have drawn makes sence
Coinbase(COIN) knows the future of BTC
* 1D
Coinbase(COIN) has a inverse head and shoulders pattern.
Coinbase's stock price leads Bitcoin, so it can predict the future of Bitcoin.
In the mid- to long-term, the pattern target price can be set at $112 / $150-156 / $207-224.
COINBASE-SELL strategy Daily chartStop loss triggered, but must re-enter, since the pattern and negative divergence" is even more amplified than before.
Strategy SELL @ 149.00-151.00, and place SL above 165.00. Increase leverage if you have too. Profit order @ 105.00 (fierst GANN support 125.00), but think it must fall through considering where it has come from.
COINBASE TO $200 in 2024 #COINCoinbase is 30% up from last post of Head and Shoulders, I still expect some massive moves in 2024.
Aside from balance sheet expected to show some positive, Crypto narrative behind traditional finance ETF approvals still strong.
PitchforksThe pitchfork tool truly changed the way I look at markets. It is amazing at times how beautifully price will follow the rules of the pitchfork. The goal is to enter at the earliest opportunity after the three pivots are formed. This way you can ride the trend of price until the pitchfork is broken. Lets keep our eye on how price continues to play out inside this pitchfork.
COINI believe COIN setting up to fill last Friday's 146 close (unfilled gap) either today, tomorrow, or Friday, depending on if BTC can continue to show strength.
D1 Stochastic RSI also resetting nicely now.
Additional gap incentive up through 180.
📊 Coinbase Bearish (70-80 Next Target)Coinbase (COIN) produced a nice bullish wave which peaked 5-Dec. with a DragonFly Doji.
In July a bullish wave ending in a Doji preceded a correction, here we have a similar situation.
Based on the gaps, it seems it will be a strong correction.
👉 A 40% drop can happen easily pushing the stock to 100.
👉 It can go lower as a test of MA200 as support and hit 77, can be a bit higher or a bit lower.
There is room for even lower...
You can find additional details on the chart.
Namaste.
Ark Invest Offloads $49M in Coinbase (NASDAQ: $COIN) SharesCathie Wood's Ark Invest sold its largest amount of shares in cryptocurrency exchange Coinbase since July, offloading 335,860 shares across three ETFs. The sale raised $49.2 million at Coinbase's closing price.
Ark has been consistently selling Coinbase stock as its shares have appreciated alongside bitcoin's rally.
CoinHanging on here to support. Last time I shorted it was for coin to test the uptrending support at 132. We did that and eventually got a push up and another rejection of 146.50
We are now retest the breakout from last week from 138 being a bigger reistance We need to contiue to hold and reclaim This as well as hold this uptrending support. As long as we can hold this should
Be a decent loading area,, if we crack 138 and flip to resistance we might be needing to looking into shorts again
Overall above 138 bullish
Below 137.50 or so bearish
I’m in longs holding this bottom trend support even if it takes a few days to complete. Good luck to all!
Coinbase Navigating Challenges and and Seizing OpportunitiesPotential Challenges NASDAQ:COIN
$150 Resistance Battle: a formidable hurdle at $150, representing both a psychological and technical challenge.
In the event of a potential rejection at $150, attention turns to the $115-130 monthly demand zone, a critical support level.
A pullback to the $115-130 would provide traders and investors with a strategic point for potential entries.
Chart Patterns:
The ongoing scenario includes an Inverse Head and Shoulders pattern, hinting at a potential bullish reversal, and a Hammer pattern, signalling resilience with a recovery from the lows.
Technical Strengths:
Recent indicators, including a rising Accumulation/Distribution Line, a vibrant MACD, and an RSI at 76, suggest current technical strengths favouring the bulls.
Recognition of the Inverse Head and Shoulders pattern and Hammer formation adds to the bullish narrative, suggesting potential trend reversals.
Breakthrough to $150:
A successful breach above $150 opens avenues for further highs, targeting the next supply zone at $191-207, though potential selling pressure looms.
WATCH for Coinbase's $150 challenge, watch for potential rejection or breakout. Stay vigilant, manage risks, and seize opportunities for informed decision-making.
CoinbaseCoinbase Daily log chart.
At IPO process Coinbase stock IPO price was $250 .
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
COINBASE-SELL strategy weekly chartOf course the share is influenced by nothing else then the crypto movements. These are overdone, and so is the share price of Coinbase. We are way above the regression channel, and also we are way above the Kelner channel, which all contribute the state we are in, i.e. we are overdone on upside.
Strategy SELL @ 143-150 and take profit @ 102.50 and place a SL above 165 for now. We need room for this. needless to say, utilize only 0.5x max. of account value for this position.
IS COINBASE GOING TO $210? BEFORE PULL BACK? OR ARE WE AT RESISTim bullish on crypto overall.. we still have to hit 50k on bitcoin before retracing.. lets do this!
Nubank to Coinbase chart comparison NUBank to Coinbase Chart Comparison
Is it just me or do these two charts look very similar?
Maybe Cathy Wood knows something....after her HUGE purchase
Imagine if COIN played out like NUBank, lets see what happeds
Puka
