COIN: prepare for a big pumpCOIN: prepare for a big pump
-ABCD pattern.
-Demand zone.
-Key level support.
-Down trendline support.
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More plans at FB group: US STOCKS- WALL STREET DREAM
COIN trade ideas
Double bottom for COINGuess $40 was a solid ground for Coinbase.
If it's a double bottom, you can expect 300% earn on this ride.
If you want 1.5x leverage, you can try riding CONL
NASDAQ:CONL
Don't forget to run if $40 breaks
Long setup US stock COIN👋Hello Traders,
Our 🖥️ AI system detected that there is an ICT Long setup in COIN for scalping.
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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COIN Go Up Thank YouNice rounded bottom for a great cup and handle break out. Crytpo markets in price discovery mode. All markets trending bullish. Set up is ripe for taking a long position in NASDAQ:COIN
Coinbase UpdateToday price fell over 5% to the downside. It was a pretty strong move and not one I would expect to happen during a c wave. This has me wondering if we have officially finished (B). We could still get another high to the 0.618-0.786 area @ $246.64-$263.82 as the micros suggest a move up soon. How high that raise will be, idk. It could be extremely minimal and just cause chop until it finally breaks to the downside. The 4HR MACD is just beginning to move to the downside as you can see at the bottom of the chart. We're also still trading on negative divergence. Crypto should be finished or finishing their respective B waves. Needless to say, signs are starting to pile up hinting the move up is either finished or near complete. As I mentioned last night, all that's left are scraps. Instead of risking capital on the end of this pattern, I'll wait until we make it into my target box before I buy in again.
The next move coming is wave (C). This means we could either get a 3-wave or 5-wave move with the latter being the most common. Typically wave 4's (which this is) should end around the 0.382 but not past the 0.5. No rules say it can't go past the 0.5 retracement fib, but generally if it is that deep, you're usually dealing with something other than a wave 4. That is why the huge box goes from the 0.236-0.5 fib ($184.02-$113.48). If we have in fact topped in wave (B), then we can use the extension fibs to help refine that target box. That is why I have made a box in the box lol. This more refined target goes from the 1.0-1.618 of the (A)-(B) move ($159.83-$124.71). Once we get some more data from the beginning of (C), I can make an even more refined/smaller target box.
Coinbase - Trading in the channel - Multiple Entries Coinbase reminds me a lot of BNB in the crypto market (2021 days).
Coinbase has done remarkably well in the past one year.
Earnings were good but investors/traders shunned the stock. The reasoning came down to costs increasing even though revenue estimates were knocked out of the park.
The other reason mentioned, I believe this has more merit, Bitcoin prices.
If Bitcoin goes higher, the whole space gets a jump. It attracts more people who have left the space or first time buyers to get into the crypto again.
Bitcoin is trading above 60k. Needs to get above 66k and then all time highs for Coinbase to really get going. A lot will be revealed on the release of PPI and CPI data today and tomorrow.
Looking at the stock individually, fundamentals are rock solid.
Technically, we are going towards at 180 region (box shaded in chart), where I would expect a lot of shorts to cover and buyers to step in. Ideally, I want to see it visiting the area for about an hour max and then spring boarding higher. The above scenario would be a good position to take 1st entry and then breaking of 213 trendline area would be an area to add position.
Stops will be very tight on the 1st entry. Probably below pivots.
Alternatively, if CPI and PPI comes in weaker, we could see a break of 213 intraday and I would go with the break and stops sitting below 205.
I would be more inclined to take position only after CPI data release and if PPI comes in super weak, might take a small position.
I have laid out a lot of scenarios here. See which one fits your style and I will be updating the idea once I have skin in the game.
Goodluck!
Bullish Continuation LikelyBack above the daily Cloud for COIN with a successful Falling Wedge breakout. Recent US regulatory clarity on ETH ETFs also positive news as COIN will be the custodian.
COINStill has juice to go upwards, however this can go up and down with BITCOIN. Bitcoin is at 70K plus so it has a bull flag in my opinion it can still go up
Make me some COIN please! NASDAQ:COIN is in the cloud, if it breaks out above we are on for potential reversal
Already broken out of falling wedge
Stop loss set below the cloud if we get a close down there
NFA
COINbase Macro Analysis: To Keep You Informed Of OpportunityHi Guys! As always i try to bring ideas that catch my attention on the macro timeframes. The one that got my attention is Coinbase (COIN). Ive been tracking coinbase for some time now, ever since i discovered the Inverse Head and Shoulders pattern. (Ill be putting the link to that idea and others related to COIN below.
This current analysis will be assessing whether or not the Inverse head and shoulders pattern has more juice left or not in continuing the rally from the bottom at $31.00.
Pattern was confirmed when we broke the Head & Shoulders neckline.
This analysis is on the 1 week timeframe.
Some areas have been highlighted.
Major Resistance -> this is a critical area in my opinion, further gains being linked to us needing price to be ABOVE this lvl.
We are currently BELOW it.
But have not yet confirmed in my opinion.
Last weeks candle had equal top/bottom wicks, which usually means buyers and sellers were equaled out, not giving a direction.
We would need next week to play out in a more decisive manner. And for price to be ABOVE Major Resistance lvl.
We are also current ABOVE 21 EMA, as long as we stay ABOVE it, UPtrend is intact.
We've also had 2 Golden Crosses occur where 21 EMA and 50 SMA crossed ABOVE 100 SMA. As long as we stay crossed Uptrends tend to continue.
Ive also applied FIB retracement lvls from our current top to the bottom at $31.
We've been rejected from 0.786 lvl. Watch for a test of the 0.618 level which is known as the Golden Ratio. If 21 EMA is broken, it becomes more probable.
My personally opinion is that i think we will touch the 0.618 lvl.
We would need to maintain Support ABOVE here.
This area also coincides with a potential Consolidation range bottom.
Which I think is likely to be forming, as COIN tends to move like this as seen in previous history.
__________________________________________________________________________________
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on SNOW in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
COINBASE POTENTIAL BULL SETUP SPOTTEDBullish pennant bull breakout spotted on #COINBASE stocks. Expectation of higher bullish sentiment could arise this week.
$COIN - bullish patternNASDAQ:COIN Weekly chart shows a wonderful pattern of bull flag finding support at what was once a resistance. If plays out as expected, another 60% move likely in the next 12-18 months.
$COIN Building Longs Starting to build a long position while keeping a close eye on BTC. Hard Stop at $150. Good RR. +EV
Coinbase updateCoinbase has been following my analysis for the most part for the last 2-3 weeks. We did get a slightly deeper move than anticipated, but EWT predicts "normal" moves/structure. It isn't a magic ball that predicts EXACTLY where price will move to. The strength today resembles that of a c wave. Because we were expecting a c wave, I am calling this C of c of (B). I am also of the mind that this is still the wave 3 which means we still have a 4 & 5 yet to come.
MACD is still looking strong too. There is a high chance we continue raising tomorrow in 3 with the possibility of starting wave 4 by EOD. We shall see but for now I am liking what I see.
upward channel the price is now moving in the upward channel and should be a profitable entry if anyone like this one ( IMHO)
COIN Explosive Bull Flag BreakoutI've had a close eye on this Bull flag for COIN because of the BTC strength as of late. Finally go the breakout today with a huge green day and it's still going after hours. BTC finally broke supply and is poised to head for an ATH retest.
Here are some potential areas of support and resistance along with some paths moving forward. Ideal setup would be to get a long on the retest of the bull flag, but it may be quite some time before it pulls back that far.
Coin breaking resistanceCoin is breaking the resistive area I had highlighted on the EMA bounce chart. I marked the area I had mentioned in the previous chart with a green arrow. I expect coin to rally to the topside of the teal resistance line, I marked this with the green circle.
Short-Term Target: 245-250$
Medium-Term: Another test at 274$
End of Year 350-400$
COIN - Long but WORTH IT video (if you like my analysis..)If you watch my videos and appreciate my analysis - this one's for you. Not so much for coin as it is for understanding what to be seeing and how to building and understanding algorithmic flow and control in the market.
However it is a great COIN opportunity...
As always, I'm here for all of you so please feel free to reach out with any questions, thoughts, or requests
Also - The name of this triple lineup of algorithms is called "The Triage" TM
Happy Trading :)
- TraderDaddyOG
COIN hidden weekly RSI convergenceInterestingly, COIN is showing both a bearish regular RSI divergence AND a hidden bullish divergence on the weekly.
Seeing as the latter has formed more recently, I tend to think we might see a rebound here rather than a bearish continuation, but it could all hang in the balance of the upcoming SEC Ethereum ETF decisions.
Coinbase and ETH remain closely tied. If all ETF submissions get rejected then we may see Coinbase fall briefly in tandem. But, if by some miracle, Gensler decides to approve them, I think we could see COIN rally up toward $350.
Keen to watch and see how this plays out.
Coinbase (COIN) Stock Price Holds at Key Support LevelCoinbase (COIN) Stock Price Holds at Key Support Level
On Thursday, stock market traders were concerned about the sharp drop in Coinbase shares, listed on the Nasdaq, which fell by 9%. This was triggered by rumours that the Chicago-based CME Group is planning to launch cryptocurrency trading, posing a challenge to Coinbase, currently the leading cryptocurrency exchange in the US.
It is worth noting that CME already trades Bitcoin futures (since December 2017) and Ethereum futures (since February 2021). Is it possible for CME to launch spot cryptocurrency trading?
On one hand, interest in the cryptocurrency market has surged in 2024, with Bitcoin’s price up approximately 58% year-to-date, and around 146% over the past 12 months.
On the other hand, CME Group, as the world’s largest operator of exchange-traded derivatives, is considered a fundamental part of the US financial system. The SEC is unlikely to be favourable towards initiating cryptocurrency trading there, given their reputation for high risk.
Nevertheless, the sharp decline in Coinbase shares on Thursday did not continue into Friday.
Technical analysis of COIN shares shows that:
→ Friday's closing price is higher than Thursday's, and Friday's low is above Thursday's low, indicating that the bearish momentum has eased;
→ The price is at a crucial support level of $200 per COIN share. This is not only a round psychological mark but also near the 50% retracement level after the A→B impulse rally. Additionally, the price is near the lower boundary of the upward channel shown in blue.
Given the above, it is reasonable to assume that bulls may attempt to resume the upward trend by breaking the red resistance line, marking a pullback within the multi-month rally.
However, the inability of bulls to "bounce" from the $200 level per COIN share could indicate a potential decline to the lower boundary of a less steep upward channel (shown in green) around $150 per share.
According to TipRanks, the average target price for COIN shares is $250 over the next 12 months.
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