coin to moon)although earnings prediction is not the precise one, for a long run after earning awaiting it to increase as an good investment for now
1QZ trade ideas
COIN bullish in a short termI think we can easily reach the 57 lvl, but also we can reach 60 lvl...
Entrance= Open price at 04/31/2023
Target= 57.52
Stop=53.81
Is COIN correct on offshoring their operations?Coinbase appears to be getting crushed due to the unpredictable nature of Bitcoin volatility. How much there is any form of long-term upward trending, COIN is a company that needs to be questioned as a long-term hold. There are various lawsuits targeting this company but to be fair, the CEO and founder are correct about U.S. government regulation on crypto. The issue is when you are offshoring new crypto institutional exchanges, their intended institutional customers will question why this is happening. It would be looked upon as another potential FTX scam. Over the long run, this may hurt the company more versus the immediate returns they seek.
Coinbase Earnings due. Will it gain or lose 40%?Tricky position. Lot of FUD circling Coinbase with increasing Government regulatory attention. With earnings due in a couple of days it will be interesting to see if it rallies 40% + back up to its previous resistance area or perhaps just as likely, drop another 40% back to its recent low.
One to watch either way. Best to wait for confirmation.
COIN 5223What an absolute Sh!t coin stock. I told ppl TWO months ago this was coming , cash out of COIN and go all in on MSTR or Bitcoin. and was laughed at and ridiculed as "noob trader" HAHA who's laughing now? My coin short is. Closed part and bought more spot BTC and silver
Keep buying crap assets. Keep gettting crap prizes.
Have fear if you own COINBASEAs we analyze the 4 hour chart of COIN I continue to see downside... We have broken out of our main channel (the blue channel) and now inside the downtrending channel (white)... Since then we have only seen downside with very little upside.. if there is any upside within the white channel we have seen it collapse shortly after. I have drawn fib levels for COIN finishing up the Wave 2 and it seems that is correct and now on the path of the bloody Wave 3. We should continue to see more downside for the coming days...
COIN going to get squeezed downRight now Coinbase sits in the bearish territory along with the Ichimoku Indicator pointing at momentum to the downside also. COIN is in a position right now on the 30 min chart to either pop out of this zone to the upside or downside, which I have highlighted with the horizontal white lines. I see this getting slammed next week to the downside and could see a good play for Puts to be put in.
COINBASE Stock Chart Fibonacci Analysis 042723Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 54.5/61.80%
LONG $COINI am seeing a good set up for a long on $COIN. It has a inverted head and shoulders being set up on the larger time frame and this current set up will take it to the neck line.
NASDAQ:COIN recently came out saying they may move out the U.S because of regulatory uncertainty.
Coinbase (COIN) Daily Price TargetsHey traders,
Looking at the daily time frame of Coinbase (COIN) we can see a setup for another test of $80.
May 2022 Bottom with the wick down that created the low we hit at the start of 2023, so that was the switch of direction to the upside or bull market, whatever you want to call it. We aren’t going lower than that point and now we should start looking for upside targets. (it won’t go lower unless the company completely goes upside down)
Anyways, we are looking pretty solid here right under the $ 60 support and have great potential to move upwards to $ 80 and possibly above. There’s a gap down from $ 80 that will fill, it’s an inbalance in liquidity and is inefficient.
Coinbase is also gearing towards becoming profitable and posted positive earnings last quarter, if they can keep this up with clear crypto & government clarity, Coinbase is looking bright.
The $ 145 - $ 150 levels I have marked are the levels that will be tested in this next cycle. So if you’re looking long term, that’s not too shabby to hold.
As always please do your own research, this is not financial advice.
COIN Big Bull#coin if can create Bullish harami cross on daily chart and closed above 57.5$, will see target : 61-63$
COIN daily chartI like this one for red to green tomorrow. I was expecting a bounce on it today to retest the broken trendline, but I was dead wrong another sharp sell off. Selling pressure is very strong on this one and we are really extended outside of the lower Bollinger Bands, in oversold conditions. Can't see us going much lower than 51.78which is my final support zone to bounce this thing back up to at least the 9EMA. Would love a wick down to that level for a quick bounce play/red to green candidate.
Coinbase long off high time frame swing tradeI am using a trend analysis approach looking at the high timeframe reversal identified by the head/shoulders indicator. Skill level=intermediate so all criticism accepted and any questions of course..
COINBASE's Downward Zig Zag PatternOur Pattern Piper recently flagged this downward zig zag pattern from USD/JPY to closely resemble Coinbase's downward zig zag pattern. What do you think?
COINBASE/ Downward Zig ZagOur Pattern Piper found a downward zig zag (USD/JPY) to closely resemble Coinbase's downward zig zag. What do you think?
Self explanitory incoming short squeeze.Coin short sellers can suppress price in the short term, but they do not have enough money to suppress the broader crypto market.
So long as the rest of the market moves up, Coin will follow. Leaving short sellers scrambling to exit positions.
With over 20% of the float sold short there should be massive fireworks.
This could be a home run.
COIN - Love it or hate itWhat a beautiful Friday morning!
It's been a while since I covered coinbase here, and back then the situation looked a lot worse than it does now.
I read other articles about coinbase on here, and it seems that investors either "love" this stock or "hate" it. I supsect that many traders got burned trying to catch the bottom in this stock, and average retail investors probably invested in this company where it traded above 300$.
The funny (and sad!) thing here is, this company went public near the absolute top of the last bull run and got valued at NEARLY 96 BILLION DOLLARS. I still remember these times, and it was as clear as day to me back then, that this company was massively overvalued to the point where it didn't even cross my mind investing in this stock
I recorded a detailed video with our counts in multiple timeframes on our YouTube channel, but tradingview does not allow me to post the link here directly, so feel free to check out our channel.
Regarding the count, I currently estimate that we formed a first bullish wave (1) – wave (2) since the all-time-low at 31.57$. The count on lower time frames is sometimes very difficult to count, and I am not going to publish these as long as we don’t have a confirmed wave (3) in place.
To finish things up, the price reached our blue retracement zone and since the last minor low at 50.81$ the stock could manage to jump by more than 30%. Please keep in mind that coinbase is an extremely volatile stock and adjust your position size accordingly.
Enjoy your weekend, we are going to update Bitcoin & Ethereum this Sunday.
COIN - Potential Upward MovementCOIN is refilling at demand zone and about to bounce back up. Exit at 3rd supply zone
COIN gearing up for near-term runThis is a play on the daily momentum that leads into an earnings run up on $COIN.
Daily momentum is setting up to reverse to the buy side, with earnings roughly a month away, I believe we will see NASDAQ:COIN ride the recent crypto hype into into a run up before earnings.
Contrasted against RSI we also see a sharp rise the last few days, supporting a push to the buy side.
I don't believe it will be enough to break NASDAQ:COIN through the daily/weekly resistance zone, and I do suspect that we'll see NASDAQ:COIN bounce back below the resistance zone.
NASDAQ:COIN has historically run up a bit before earnings, and dropped the days following.
I'll be holding shares long and look to dump about two days before their next earnings.
Even with strong earnings on their next report, I have no doubt that we'll see them report a loss for the quarter.
I will look not be looking to hold shares through earnings or ride the resulting volatility afterwards.
Incoming drop off on $COINWhile I'm ultimately looking for a move to upside on COIN $100+, I think first we need a pretty substantial little pullback (like with Bitcoin), to collect these MA's a bit more under the price.
💾 How Is The COIN Chart Looking? Bearish or...The shakeouts, the attacks, the FUD couldn't do much to stop Coinbase from growing... The chart is pointing up.
✔️ Today COIN starts above EMA10 | Bullish
✔️ Volume starts to increase | Bullish
✔️ The chart is showing a long-term bull flag | Bullish
✔️ The RSI goes above 50 | Bullish
✔️ The MACD stays above zero | Bullish
✔️ Yesterday's session closed as a full green candle | Bullish
The chart is pointing up...
Invalidation comes in a close below 50.
Any trading above 50 and we continue "Bullish" on the Coinbase COIN stock.
Namaste.
Coinbase Possible Long positionThis looks like a good support level for coinbase on the weekly. Betting on it heading up to the pivot point this year. Let's see.
