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Coinbase Global Inc (Extended Hours)

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COIN trade ideas

Is COIN ready to test 2022 lows?COIN recently had a nice oversold bounce and is now consolidating around the BigRed level, which is acting as a magnet line. After a few weeks of strength, it is now showing signs of weakness as it breaks below the BigRed level again and closes the day below it, which is bearish. Additionally, it has broken down from a symmetrical triangle, which is also bearish. The volume is currently neutral but slightly more bullish than bearish. COIN is currently trading below its 8, 20, and 200-day moving averages, which is bearish. The RSI is ticking down but still remains in neutral territory. The MACD is also ticking lower, but both the MACD and signal lines are currently above the zero line, which is more bullish than bearish. Overall: COIN seems to have lost its upward momentum, which it had gained from the bounce off the lows. It needs to move away from the BigRed level, which is currently acting as a significant resistance zone. The $60 level is also a crucial area of resistance, where a lot of volumes were observed in 2022. Without any significant positive news and with bad reports, it will be difficult for COIN to break above that level and stay above it. With the Friday close below the symmetrical triangle and the BigRed level, there is a significant chance that the price will continue to fall towards the 50-day MA or the $50 area and may even retest the lows from 2022. However, before it can reach those levels, it first needs to cross through a crucial round number like $50 and the 50-day MA. For the bulls, the price needs to move above the BigRed level as soon as possible and close the day above the 20-day MA (green line) to even consider testing the $90 level again.
NASDAQ:COINShort
by Consistent_Trades
$GME - I was wrong... I was wrong. The run isn't over... I got faked out by the data in my last post/s. GME and the memes are going to pump more... imgur.com As you see it had reversed last week indicating we would flip to bearish this week. Then yesterday it re-flipped to bullish. I've honestly only seen this happen in June 2022 and i dont't understand what it means. All i know at this point is that the trend is your friend. Also as you see here, it had fizzled out but then with yesterday's data it broke out. Yes it's a bloody breakout... imgur.com So yeah, i was wrong. Better get in. Also the rest of the market has also flipped to full on bear with no signs of slowing. I think this is the bull market even though it doesn't make any sense. TLDR: There's MORE up for GME & the memes.
NASDAQ:COINLong
by leenixusu
11
COIN earnings todayCOIN Q4 December 2022 earnings are today 2/21 at 4:10pm. Coinbase Global Inc Cl A (COIN) reported Q3 September 2022 loss of $2.43 per share on revenue of $590.3 million. The consensus estimate was a loss of $2.23 per share on revenue of $642.8 million. Revenue fell 55% compared to the same quarter a year ago. Here's a COIN 1-day chart with a BTC/USD split view below since their price action is correlated together. COIN is trading at a delta equilibrium right near its pivot level today going into its earnings announcement post market. Since this can go either way after earnings, here's COIN TTCATR levels and 2/24, 3/17 & 4/21 expiry options data. The only thing that stands out is the 4/21 expiry options data is extremely bearish or heavy put hedging. Q4 January 2023 Consensus: EPS = (-$2.39) Revenue = $586M TTCATR SMA20: Top = 101 R4 = 94 R3 = 86 R2 = 79 R1 = 71 pivot = 63 S1 = 55 S2 = 48 S3 = 40 S4 = 33 Bottom = 25 2/24 expiry options data: Put Volume Total 20,795 Call Volume Total 32,341 Put/Call Volume Ratio 0.64 Put Open Interest Total 61,350 Call Open Interest Total 50,887 Put/Call Open Interest Ratio 1.21 3/17 expiry options data: Put Volume Total 5,247 Call Volume Total 6,597 Put/Call Volume Ratio 0.80 Put Open Interest Total 105,856 Call Open Interest Total 87,486 Put/Call Open Interest Ratio 1.21 4/21 expiry options data: Put Volume Total 3,377 Call Volume Total 3,495 Put/Call Volume Ratio 0.97 Put Open Interest Total 30,776 Call Open Interest Total 12,262 Put/Call Open Interest Ratio 2.51
NASDAQ:COIN
by Options360
COIN daily idea, with mapped out levels and trendlines.COIN Nice hold and bounce off that 61.5 spot which was my previous breakout area mapped out in the last idea. Things to note we have another weekly candle close above the 9&21emas although the moving averages have not crossed yet. We are technically still bearish but setting up for a for big move. Earnings coming out next week I will be watching for that 61 area to hold if not we have a trendline spot to watch for a potential bounce or break down.
NASDAQ:COIN
by MIGHTYMIKEE
1
COIN - Next moveAfter predicting the last top for coinbase around $80 then projecting the retracement would lead us to around $52 (0.618) within $1 of actual. We can now make a new projection for coinbase's price. After the temporary bottom around $52 we pushed back up to retest our 0.236 (red arrow/circle) as new resistance. This is in accordance to BTC retesting the $25,300 level and double topping. After testing our 0.236, coinbase immediately pushed back down to the 0.382. Since Coinbase is following btc so closely we can project the 2 scenarios. The more likely one should be down. This would be in accordance to my previous post about BTC and btc breaching $20k again. This would theoretically put coinbase back around $40 which is close to our 0.786 of our trend and our 1.618 ($41) of our micro trend. If BTC reverses trend and closes candles above $25,400, the Coinbase should start closing above our 0.236 which would give us the indication we are about to break our micro high around $89. If this move occurred then BTC should be back in the $28-30k zone and COIN should be in the $120ish range.
NASDAQ:COINShort
by VIAQUANT
COIN: Cup and Handle watch for breakoutCOIN :Cup and Handle watch for breakout on 65m. Continued strength in sector in tandem with macro policies. Volume will be needed to confirm continuation on upside and acceptance at higher price shelf// KL: >70.47: 72.06, 73.25, 75.95, 83.02// <70.47: 68.80, 65.70 <63.00 invalidates this pattern // ATR: 6.80, Vol: 12.27%// Bias: Neutral-Risk on for intraday/short term; Risk on for long term//PT 83.02 on 65m// Price at time of publish: 70.88
NASDAQ:COINLong
by GroundNinja
1
💾 Coinbase | Looking At The Current Correction, Is It Over?Coinbase (COIN) remains really strong but the correction is significant, a 39% drop in 10 days. The drop stopped right above EMA50 also matching the 0.618 Fib. retracement (golden ratio) level of the bullish wave that lasted exactly one month from 6-Jan. to 6-Feb. If the market is set to move higher as we strongly believe will happen, this should be the end of the correction. Not just the size but also the speed, fast drop, matches perfectly the type of market action we are having. After a strong bullish wave that is set to continue, this is the exact type of correction that one would expect. We have confirmation from other charts... TSLA just published. Expect 168 next and 52 as the main strong support if the bulls fail. Prepare for the worst, hope for the best. Namaste.
NASDAQ:COINLong
by AlanSantana
4
Anyone Can Play GuitarDestiny Destiny, protect me from the world Destiny Hold my hand, protect me from the world Here we are with our running and confusion And I don't see no confusion anywhere And if the world does turn, and if London burns I'll be standing on the beach with my guitar I want to be in a band when I get to heaven Anyone can play guitar and they won't be a nothing anymore Grow, my hair Grow, my hair, I am Jim Morrison Grow, my hair I wanna be, wanna be, wanna be Jim Morrison Here we are with our running and confusion And I don't see no confusion anywhere And if the world does turn and if London burns I'll be standing on the beach with my guitar I want to be in a band when I get to heaven And anyone can play guitar and they won't be a nothing anymore -------------------- post-layoff value buy with macro crypto reversal
NASDAQ:COINLong
by bluedog360
9
COIN price is liely headed to weekly resistanceThe price will attempt the weekly resistance zone in coming days. I think there will be a pullback on this test and price will fall back to the weekly support marked in green. However, hitting that support will be a bounce which will pave the way to break the weekly resistance. However, lets stick to the first step of price reaching the weekly resistance. We will update our idea once the price reaches that level and let us observe the price action there.
NASDAQ:COINLong
by angela_altair