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Coinbase Global Inc (Extended Hours)

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COIN trade ideas

COIN H&S Breakout ContinuesCoinbase continues to gain after breaking up and out of the neckline of an inverse head and shoulders pattern, price is up +10% today - trade was initiated last week upon seeing the inverse head and shoulders breakout. Due to the pop in price today I've raised my stop-loss level to $85.75 in case price reverses on profit taking. This stop level ensures that I exit the trade with a gain if price reverses, while at the same time leaves some room for volatility if price begins to fluctuate. Lower PPO and TDI indicators are still reading bullish, but the green RSI line of the TDI indicator is now above the 80 level which is considered overbought meaning a correction to the downside can be expected. Buy Price: $79.21 Stop-Loss: $85.75 Take Profit: $136-ish Gain if I get stopped out at $85.75: +8.2% Gain if price reaches take-profit level: +71% This stop level will remain adaptive to price movement, price has gained another 3% in the few minutes it took me to write this and COIN is now up +13% on the day.
Editors' picks
NASDAQ:COINLong
by PrepForProfit
25
COIN IS LOOKING RED HOT!If it can close a 4 hr candle above 85.65 resistance this is going to fly to 95+ $NASDAQ:COIN. You can see COIN is pushing up now 3rd time is a charm. AlsI have also noticed that if you set your pitchforks in the right place there is usually big ole FVG between the upper and lower 0.25 and the red median lines. Price tends to move quickly through this area on the pitchfork. Plus you have news catalysts like Black Rock announcing they are using Coinbase services to support their ETF.
NASDAQ:COINLong
by pasenner23
1
COIN Inverse Head and ShouldersCoinbase is breaking up and out of an inverse head and shoulders pattern as the crypto platform benefits from a rising Bitcoin price and news that Blackrock has chosen COIN as the custodian for the Bitcoin that they will have to acquire if their Bitcoin ETF is approved by the SEC. Blackrock BTC ETF filing ignites price rally: www.nasdaq.com Blackrock ETF approval rating is 575-1: www.ccn.com Coinbase will be Blackrock BTC custodian: www.cnbc.com Opened a trade in COIN this morning at $79.21; stop loss is at $67, take profit is at $136.
NASDAQ:COINLong
by PrepForProfit
COIN: Wyckoff Reaccumulation or DistributionCOIN has consolidated for several weeks and I originally believed that a distribution pattern was forming. However, recent structure has caused me to doubt my initial analysis. With a distribution pattern, an uptrend ends and a channel is formed. The upper zone is between 80 and 85 while the lower is between 50-55. It is then followed by weeks of consolidation so big money can scale out of their positions. The schematic does not always line up perfectly but it provides a nice template. However... Several breaks below the trading range beyond phase B is not a distribution characteristic. It is a characteristic of an accumulation. It seems we've experienced two shakeouts and now we have this monster run with very shallow pullbacks. In both scenarios, this run-up should break above the high of the trading range and then consolidate. My question is will the consolidation lead to higher prices or lower prices?
NASDAQ:COIN
by Decam9
2
Netral on Coinbase and Crypto for a whileVolatility will remain high for COIN stock, so its options are playable. For long term bagholders, have money ready and deploy it sub $45 a share Add some underlying Privacy Asset: Zcash (ZEC) to your portfolio under $50 and play it up to $500 in 2024-2025 Crypto is the future, so are crypto scams, exchange insolvencies, thefts, lost private keys, and pump and dumps. Use Caution and Dilligence. Local Coinbase support should be around 35-38 and upper resistance around 84-88 bucks
NASDAQ:COIN
by noam_chom
Coin to 44 maybe 38Okay congrats, this is the one wave I didn't ride up, and I am slightly tilted because i saw it coming at 50 bucks in one of my prior posts. that being said, this is peak euphoria, and if its turning back, now is the literal final reversal point. if we break through here, then its straight up headed for 200+ I don't think were going for a 200+ yet, so I have to draw the conclusion were going to FINALLY have a backrest of the spring. The news cycle was absolutely awful at the bottom, and it will be absolutely amazing at the top. every major asset manager in the world choosing coinbase as partner for etf seems like peak news. SEC still views coinbase as an illegal bucket shop. I am VERY skeptical that any of these ETF will pass. and if not, then watch out below. I am under the impression there will be years, or at best months more of consolidation due to legal problems, which i do think coin has a good chance of winning.
NASDAQ:COINShort
by MikeMM
27
COINBASE: Will it finally cross over this potential Triple Top?Coinbase reached the top of the annual Channel Down pattern with the 1D technicals turning overbought (RSI = 75.832, MACD = 4.640, ADX = 42.237). For the RSI in particular, the last time it was higher was on February 2nd. This calls for a short term correction to at least the 1D MA200 (TP = 60.00). Even in the event of a crossing over the Channel Down, the price will still have to face the potential Triple Top of Resistance Zone 1. We will go long only after the price breaks above it and target the R2 (TP = 116.00). It has to be said that the RSI breaking above the 5 month LH trendline, is an early indication of the long term trend. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:COIN
by InvestingScope
3
Coinbase (COIN) on Upward Trend and Heading to 2023 ATH (Long) Recent ETF filings have placed Coinbase alongside serious financial players such as Blackrock. BlackRock has announced its plans to conclude a monitoring agreement with Coinbase , thereby addressing a key concern previously voiced by the SEC in its rejection of Bitcoin spot ETF applications. The fact that the SEC action is not scaring investors away, is a bullish sign in itself. However, as more and more traditional financial institutions name Coinbase as Surveillance Partner in Bitcoin ETF filings, the more the price of NASDAQ:COIN will keep rising. In addition to the above, any upward movement of Bitcoin and crypto, in general, is set to benefit Coinbase with additional revenue, partnerships and extra value created for customers and investors. NASDAQ:COIN is up 11% today, 25% this week and 119% up year to date, despite the SEC issues and the crypto downturn. Many things are pointing towards the direction that Coinbase is here to stay, that it will survive the regulatory onslaught and will come out even stronger. A long here is a safe bet imo.
NASDAQ:COINLong
by WTheFinance