$COIN. Cup + Handle with $540 TargetI see a cup + handle pattern on the renko 240 bars. I'm targeting $540 upon a $260 4H close.
1QZ trade ideas
Coinbase Reacts to Trump Win Coinbase is in the spotlight following Donald Trump’s recent election victory. Let’s take a look at the impact of a Trump win on crypto regulation and Coinbase’s technical and fundamental outlook.
The Impact of a Trump Win on Crypto Regulation
Trump’s win has raised speculation around the direction of cryptocurrency regulation under the new administration. There is significant market interest in potential regulatory changes that could influence how digital assets are managed and traded in the U.S.
Coinbase, as a leading publicly traded crypto platform, is particularly sensitive to regulatory shifts that may impact its operational environment. Investors are closely watching for any signs of policy changes that could affect the broader landscape of digital assets in the coming years.
Coinbase’s Technical Picture
Coinbase's share price recently rose back above its 200-day moving average – backed by a notable increase in volume. However, this rally has also brought the shares to a key area of resistance created by the March and July swing highs.
Given the strength of the recent move and the resistance level at this price zone, a period of consolidation or short-term consolidation would not be unexpected. If the shares were to break through this resistance, it could potentially lead to a prolonged uptrend.
COIN Daily Candle Chart
Past performance is not a reliable indicator of future results
Coinbase’s Fundamental Profile
Fundamentally, Coinbase presents a mixed picture. The company’s 99% increase in revenue over the past nine months is clearly positive. However, the shares trade on a hefty forward PE ratio of 71.2, suggesting that investors are paying a premium for growth.
Whilst Coinbase maintains a strong operating margin of 26.81% and a return on equity at 21.3%, the company’s earnings have been inconsistent, influenced by volatility in crypto trading volumes. Looking forward, its ability to capture market share will depend heavily on the trajectory of the crypto market and regulatory changes, particularly under the Trump administration’s potential influence on digital assets.
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
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Coinbase (COIN) Stock Price Approaches a Record HighCoinbase (COIN) Stock Price Approaches a Record High
On 15 October, in our analysis of Coinbase (COIN) stock:
→ we established a long-term upward channel (shown in blue),
→ speculating that bulls were aiming to renew the trend from its lower boundary.
Then, on 30 October, Coinbase released its Q3 performance report to investors. Results fell short of expectations, leading to a decline in COIN’s price (indicated by a red arrow).
Despite this, today COIN’s stock price is providing investors with renewed optimism as it approaches its record high, currently around the $282.00 mark.
In this move, the price broke through:
→ the $220 resistance level,
→ a red trendline shown on the chart.
Key drivers of COIN's recent price increase:
→ the Fed's interest rate cut,
→ Trump’s election win, which market participants view as a positive signal.
What lies ahead?
The 4-hour technical analysis of COIN suggests that at the historical high, the price meets a median line. This raises the likelihood that the upward momentum may stall, leading to possible outcomes such as:
→ price stabilisation (as supply and demand typically balance around the median),
→ a corrective movement following the sharp rise, which seems fitting given the RSI indicator pointing to overbought conditions.
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Coinbase UpdateCoinbase has been rallying like crazy lately along with BTC. With the fact that BTC has raised over $80K this weekend, I think it is safe to say that COIN will open high and have another huge day. I would not be surprised in the slightest if it hits over $300 tomorrow.
That being said, I want you to draw your attention to the pattern that this move higher has created. Until last week it has been choppy and overlapping. The fact that price is now rallying to what will likely be a new ATH has me wondering if this is an ED for the final primary wave ((5)). Price didn't drop to the larger 0.382 retracement fib so that would constitute a very shallow wave ((4)). The primary wave ((2)) was deep so I would expect ((4)) to be shallow in nature, but to not hit the 0.382 means it was very shallow.
This could technically still be a (B) wave with intentions of hitting the low I was expecting before, but with the move that will come tomorrow, it has me casting serious doubt on that. Should this in fact be an ED, we should head lower to overlap with the turquoise wave (1) top after this rally higher is finished. ED's move in three wave moves though so we would still need the b & c waves for (3) to be considered complete. That means we would have a lot of upside in front of us. For now, we need more data to definitively say one way or the other. The weekend price in BTC has me strongly questioning the OML I was waiting for though.
$COIN 4D Setup.With bitcoin’s recent all time high attempt Coinbase and the blockchain sector saw a strong rally followed by a strong reject, in that time NASDAQ:COIN saw a reject from its wedge resistance than reported earnings all leading to a strong rejection. Now I’ll be watching for 2 scenarios which is likely to play out within the next few weeks rather than days although it could play out this week we re more likely to see volatility. The bearish scenario is a breakdown from wedge support to bounce off the $161.32 then sell lower to target $118.44 - $140.83. The bullish scenario is a jump back to wedge resistance where I’d be cautious of longing right away but rather waiting for a complete break above the wedge resistance & potentially even the $223.58 to target first the $239.09 than the main target $261.12
COINCOINBASE (COIN) Bull Case: With Bitcoin entering its late-cycle phase and the anticipated altcoin momentum to follow, Coinbase is strategically positioned to capitalize on increased trading volumes and institutional adoption. Our analysis indicates a price target of $449 by 2025, driven by revenue diversification, expanding institutional services, and heightened retail participation in crypto markets.
COIN Ready To Run?In looking at the progress for Coinbase, it appears that NASDAQ:COIN is setting up nicely.
With the euphoria around Bitcoin mining in the USA and the Bitcoin prices rising along with other Cryptocurrencies, Coinbase could potentially be ready to rise as well.
The current forecast for Coinbase is at $345 per share which is a fair value considering that it has positioned itself as a leader in the industry with their trading platform, their wallet, their exchange platform and their ability to make the entrance into the crypto space seamless and easy to understand with their learn portion of the app.
Currently NASDAQ:COIN is testing prior support/resistance areas and once it breaks through them, it should continue to make its way higher with time. The company has a great deal of cash in case of a down turn which will allow it to build out more research and design, and acquire new projects as they present themselves. This company has over 19% company directors owning it, which is a great sign that they have skin in the game and expect it to do well for themselves as well. I take that as a bet on the company.
The statistics for NASDAQ:COIN has a market cap or net worth of $67.78 billion. The enterprise value is $64.55 billion. In which the company has $7.72 billion in cash and $4.50 billion in debt, giving a net cash position of $3.23 billion or $12.89 per share.
Return on equity (ROE) is 21.32% and return on invested capital (ROIC) is 7.66%.
In looking at the public sentiment for Bitcoin and a more stable system than an inflated fiat, and the versatility of the crypto currencies, people are looking to Coinbase to allow them the ability to exchange and hold their Bitcoin and other currencies.
In looking at the charts, the time frame continuity has shown this stock to be up over the year with plenty of upside. It gapped up after the election results and that gap will need to be filled to fill all those open orders from that time period but, who knows when that pull back will come. It is in an uptrend at the moment.
Coinbase Global Near Brakeout on daily chartNASDAQ:COIN
Coinbase Global Near Brakeout on daily chart
Buy only when stock price close above 285
Sl.. 160
Target 550
Everyone in town is talking about CoinbaseHmm, I am relooking at this chart once again now that Trump has won the Election.
He is pro crypto and one of the main beneficiaries would be Coinbase. Let's wait for a pull back to the resistance turned support level at 249 before taking a LONG position.
Please DYODD
COIN Cup and Handle - BullishFormation on 4-year chart on daily Handle. Enter long position if break $280 steadily and use $270 as stop loss, targeting $410 will give you a Risk/Reward of more than 10. This is also a trump trade. Any favorable crypto policy can lead to a big jump in the COIN price
Coinbase Potential for POPCoinbase has been in a long time accumulation range between approx $50 - $110.
I have marked some of my levels for the longer time frame if the stock / BTC performs well.
One thing to note, if we take a look at the fixed range volume profile, you will notice the majority of the volume is being traded below the current price of $82.
The range point of control sits at approx $70, with the Value Area Low being $31.
A big level to watch could be $138-$140, which is the Value Area High for the stock. Any type of strong momentum above that price can potentially rocket this stock back towards all time highs if the resistance levels are broken.
Moral of the story, majority of the volume on this stock sits in the accumulation zone which may be behind us.
COIN, 40% gain to be expectedHi all,
I thought I would share this stock, which I've been trading for over two years. COIN and BTC are very closely correlated.
I posted about BTC just a bit ago and I expect BTC to be in 60-70k range for this new bull cycle. This means COIN should cross $240 and could get to $260-270 range once again. We are looking at an easy 40% gain.
Take a look for yourself and see if I'm wrong 😉
Green pips to you 🤑
COINBASE Ahead of an enormous bullish break-out.In recent times, we have focused on Coinbase's (COIN) long-term potential on higher time-frames (1W) like the one below (September 09) where we gave a great buy signal on the absolute bottom of the 2-year Channel Up:
On today's analysis we look into the 1D time-frame as Coinbase is about to test its longest 2024 Resistance, the Lower Highs trend-line that started after the March 25 2024 High. With added bullish pressure by the 1D MACD Bullish Cross formed 2 days ago, if this Lower Highs trend-line breaks, we can technically have a very aggressive rally.
The September 06 bottom can be seen as the start of the Head of an Inverse Head and Shoulders (IH&S) pattern, which has a standard Target on the 2.0 Fibonacci extension. That is just above $340. As a result, if the Lower Highs trend-line breaks, you can take additional buys to target $340.
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COIN BASE, LIKE A REAL BASE? OF COINS? CHARTTrends are marked, as are price targets and guidelines—though the latter shouldn't be followed, they do project a significant move to maintain COIN's bullish trend over a longer period. Major resistance lines are noted; however, be vigilant for a trend break, which could signal an exit if you're trading. The maximum I foresee is around 525, but if the crypto market surges, those numbers could climb higher. Currently, if you're skeptical about a 'squeeze,' safer numbers are provided. I've attempted to include both bearish and bullish targets, both of which have the potential to exceed expectations. The yellow circle indicates a potential "breakout zone," but as this extends over time, it could also present significant resistance, so it's a matter of risk levels and what you're comfortable investing at that point.
For the daring traders, I personally view an upward move as more probable. This isn't to say I'm endorsing a reckless approach, but it represents the more extreme side of the bullish projection. Otherwise, adhere to the established price targets and trends. A bullish long-term trend, at least, offers the opportunity to hold for the long term if a trade doesn't pan out as expected—once again, the level of risk is crucial.
For those who are not fond of crypto, just consider how often you've heard the phrase, "if only I had bought BTC in 2016."
coinbase global stock is bullishcoin stock after breaking static trendline is trying to test once again its upper trendline
according to the pattern, after trendline testing the stock price will decide which way to go
wait to see the result
Inverse Head and ShoulderInverse head and shoulder on the daily chart. If breaks the neckline, can get a run back up to $400.
COIN Coinbase Global Options Ahead of EarningsAnalyzing the options chain and the chart patterns of COIN Coinbase Global prior to the earnings report this week,
I would consider purchasing the 200usd strike price in the money Calls with
an expiration date of 2024-11-15,
for a premium of approximately $21.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
COINBASE NEW HIGHS ??Good morning! Observing the cup and handle structure on Coinbase in the weekly timeframe, awaiting a possible breakout and confirmation! NASDAQ:COIN
Target 1: $364 USD
Target 2: $498 USD
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$COIN $140 before $300+?If you look at the chart, NASDAQ:COIN has broken out of it's downtrend but has now formed a lower high and looks to be set to go lower from here.
I think the most likely scenario here is for NASDAQ:COIN to correct to the $140 area before moving up to the $350 resistance area.
This would also line up with my thinking that CRYPTOCAP:BTC moves down to GETTEX:54K -48k before seeing new highs.
Let's see how it plays out over summer.
$COINBASE as BTC going UP! 3 targets, let´s see.To continue with my theory, Q4 is from the Cryptos.
Q2 and Q3 were stocks, but now is the Crypto moment, and the stocks that will do well in my view are from this sector.
In the case of NASDAQ:COIN we have a Breakout on the Daily RSI, about to do so on the weekly, which would give a confirmation. And we need to break the 200 MA for another confirmation.
So:
Confirmation 1 Breakout MA 200.
Confirmation 2 Breakout RSI weekly.
Stop Loss: At $154.
Targets:
T1: $255.78
T2: $317.92
T3: $399.04
Maximum 5% of the portfolio.
Opening (IRA): COIN Dec 20th 80/140 Short Put Vertical... for a 4.51 credit.
Comments: High IVR/IV at 62/86.1. Another trade in the same vein as my MSTR trade (See Post Below).
Metrics:
Buying Power Effect: 55.49
Max Profit: 4.51
ROC at Max: 8.13%
50% Max: 2.26
ROC at 50% Max: 4.07%
Coinbase (COIN) AnalysisCompany Overview: Coinbase NASDAQ:COIN is one of the largest and most recognized cryptocurrency exchanges globally, offering a wide range of services, from retail trading to institutional crypto solutions. The company has focused on strengthening its position in the crypto ecosystem by targeting both retail and institutional investors.
Key Developments:
Institutional Adoption & BlackRock Partnership: Coinbase’s strategic partnership with BlackRock allows Aladdin clients to access cryptocurrency trading and custody services via Coinbase Prime, which caters to institutional investors. This partnership has the potential to drive significant institutional capital into the platform, thereby increasing transaction volumes and boosting revenue.
Diversification Efforts: Coinbase has successfully reduced its dependence on trading fees by growing its subscription and services revenue, which saw a 34% year-over-year increase in Q2 2023. This revenue diversification helps mitigate the impact of the volatile trading environment often seen in the cryptocurrency space.
Regulatory Compliance: With regulatory scrutiny tightening across the crypto industry, Coinbase’s strong focus on compliance gives it a competitive advantage. As regulatory hurdles increase, the company is likely to capture market share from less compliant competitors, positioning itself as a trusted platform in an evolving regulatory landscape.
Product Innovation: Coinbase continues to innovate with new offerings like the Ethereum layer-2 network and enhanced staking services. These product launches not only enhance Coinbase’s competitive edge but also position the company well for future growth in decentralized finance (DeFi) and staking markets.
Investment Outlook: Bullish Outlook: We are bullish on COIN above the $180.00-$185.00 range, driven by institutional adoption, diversification of revenue streams, and strong regulatory positioning. Upside Potential: Our price target for Coinbase is set at $370.00-$375.00, reflecting its potential to capture more institutional market share and sustain growth through innovative product offerings.
🚀 COIN—Leading the Way in Institutional Crypto Adoption! #CryptoInnovation #InstitutionalAdoption #CryptoCompliance
Coinbase UpdateFriday price saw a move higher just to fall back down. This is either the start of our b wave in a miniscule wave a, or it is wave 4 within the subminuette a wave. It is too early to tell yet, but we can look for clues to guide us in the near term. If we can manage to make another low, it should be minimal and would mean the turquoise count prevailed. Minus a new minimal low being carved out, I anticipate we move higher to the smaller target box above. That would constitute the subminuette b wave. Remember B waves of any degree are unpredictable and aren't required to move that high. That is just the STANDARD place for price to terminate before heading back down.
One last thing, the abc pattern of one larger degree has the 1.0 down @ $120.33. Does this mean we will head there for our final move down? It is very possible and something that needs to be watched. One key ingredient to this will be how high this next subminuette b wave raises to. The next levels of fibs created by this move higher will help give clarity / guide us. Don't forget though, Big count is King.
