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COIN trade ideas

COIN bouncing from the 200MA NASDAQ:COIN is currently bouncing from it 200 MA with plenty of room to push higher on the RSI. Commentary has been picking up significantly and crypto and major corporations and Governments Showing great interest in establishing themselves in the crypto world…..With stocks due for another pullback, and September historically being one of the worst months of the year for stocks, I believe this is perfect timing to establish positions with exposure to cryptocurrency…..Let’s see how this plays out!
NASDAQ:COINLong
by Gutta_CEO_
Drawing HTF Algorithms and Telling a Chart's StoryNot my best video but will definitely be helpful for those looking for a little more direction as to how I draw my algorithms and tell a chart's story - - Are we being controlled by a bullish liquidity building algorithm? - Are we respecting a buying continuation? Multi-time frame analysis is key here if we want to identify the best trade entries - but HTF algos are the key points from which to trade from - those are where the market shows its' intention and moves from. Please feel free to reach out with any questions or feedback! Happy Trading :)
NASDAQ:COIN
by ReigningTrades
14
Coinbase UpdateThis move off the $161 bottom has seemed corrective to me. I have been saying that ever since it was made. I have also been saying I expect another low before wave ((5)) kicks off. Nothing has changed in my analysis. Yes, we could've bottomed and started wave ((5)) already, but that is my ALT, not my primary. Another drop towards the 1.618 and 0.382 in the $140-$142 area would not only create the OML predicted due to structure, but it would also ideally create positive divergence setting up price for a healthier raise to the next larger target box. This also lines up with crypto needing another drop in price. If I am right, then Coinbase is going to lose around 30% of its current value before raising to the low $300's. If BTC were to lose around 30% of its current value, then that points towards a bottom in the low $40k area.
NASDAQ:COIN
by TSuth
3
coin to 250$ soonCoin looks to have made a strong pivot after a downtrend on the mini black monday. BTC also did the same, the stock bounced right off the fib pretty nicely. With this current attempt at the golden fib and a variety of intersecting areas of interest, I expect a push to near the circled area the first week of September. -The top red resistance line has held strong since inception of the stock publically -Retaking the purple line would be retaking the channel that was held since last August that was recently lost on earnings and mini black monday -Taking the teal resistance topside of the channel would promote heavy upward momentum, I expect this in Oct/Nov
NASDAQ:COINLong
by Apollo_21mil
2
COINBASE rebounded on its 1W MA50. Next target = $390Coinbase (COIN) hit (and even broke) last week its 1W MA50 (blue trend-line) for the first time in more than 1 year (since the week of June 26 2023) and posted an incredibly bullish reaction by almost recovering all of the weekly losses. At the same time, that drop almost touched the bottom of the 1.5 year Channel Up that started after the 2022 market bottom. All similar bottoms registered at least +146.82% rallies on the Bullish Legs that followed, so we expect the stock to have a minimum $390 Target, which will also reach the 0.786 Fibonacci Channel level, that is always hit during such rallies. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:COINLong
by TradingShot
1
Coinbase Remains In The Bullish Trend, So As Crypto MarketCoinbase is making strong and impulsive rally away from the lows, which should be completed by a five-wave bullish cycle from Elliott wave perspective. We have seen some slow down for the last couple of months, but it looks like a clean wave 4 correction that can send the price higher into a 5th wave later this year. Considering a positive correlation with the cryptocurrencies, it can also help Crypto market to stay in the bullish trend.
NASDAQ:COINLong
by ew-forecast
$COIN A Wild Ride with PotentialAlright, thrill-seekers, let's dive into the rollercoaster that is Coinbase's stock chart. Remember, technical analysis is all about the price action, baby! Forget the crypto chatter and macro noise; we're focusing on patterns, trends, and that sweet, sweet volatility. 🎢 The Coinbase Coaster: Buckle Up! COIN's been wilder than a bull on a skateboard lately. It rocketed from $60 to $190 faster than you can say "crypto moon!" That's a 160% gain, proving that crypto stocks can be even more volatile than the coins themselves. So, strap in tight if you're hopping on this ride - your portfolio's gonna feel those bumps! 📈 Charting the Chaos Let's break down what we're seeing on the charts: Bitcoin Boom, Coinbase Soars: When Bitcoin took off in October 2023, Coinbase followed suit, surging a mind-blowing 300% at its peak. Market Dip, Support Shattered: The recent market tumble sent COIN tumbling 40% in just 10 days, crashing through its trusty trendline support (that sky-blue line). Fibonacci Flicker: The rebound pushed COIN back above the 0.382 Fibonacci level, but it's still shy of the more crucial 0.618 Fib around $130. No Man's Land: Right now, COIN's stuck in limbo between those two Fib levels, hanging out at the bottom of its bull flag pattern. Resistance Ahead: If it manages to climb back above $200, it'll face a tough battle at the $220 resistance zone (that red rectangle). Dip-Buying Dream?: But, if it keeps sliding, we might see a juicy buying opportunity near the $140-$145 demand zone (mid-green rectangle), which also lines up with the bottom of the flag pattern. 🚀 The Takeaway for Young Investors: COIN is a high-risk, high-reward play. If you're brave enough to ride the volatility, keep an eye on those key levels. A break above $130 could signal further upside, while a drop towards $140-$145 might be your chance to snag some shares on the cheap. Remember, technical analysis is just one piece of the puzzle. Do your own research, consider your risk tolerance, and never invest more than you can afford to lose. And most importantly, have fun on this wild crypto ride!
NASDAQ:COINLong
by CriptoJoe
COIN cup and handle Technical Outlook: Bullish Setup: A cup and handle pattern is forming, suggesting potential for an upward breakout. Key Levels: Watch for a breakout above the handle with strong volume. Support is solid at the 50-day moving average. RSI: Still below overbought, meaning there’s room for upward movement. Fundamental Snapshot: Strong Q2 Earnings: Revenue jumped to $1.38 billion, largely due to increased trading volumes and the approval of Bitcoin and Ethereum ETFs​ (Crowdfund Insider). Regulatory Risks: Ongoing SEC battles could impact growth, but recent ETF approvals are a positive sign​ (Crowdfund Insider). COIN is closely correlated with Bitcoin so keep an eye on that as well. If COIN breaks resistance, it could see strong gains, but keep an eye on regulatory news.
NASDAQ:COINLong
by Path100x
$COIN about to go sub $100While I'm a long term bull on NASDAQ:COIN , I think in the short term we're heading much lower. Was originally thinking that this move would bottom in the $140-150 range, but I now think that it's likely that we see a correction down to the gray box. If we look at the chart, NASDAQ:COIN formed a double top off the trend line. If we look at what happened last time this happened, price fell 85%+ down to the lows. I think something similar is about to happen where price falls quickly from here down to the gray box before end of the year. That should present an amazing buying opportunity and then I think NASDAQ:COIN will enter it's next bull market which should take price well above the trend line. Let's see what happens over the coming months.
NASDAQ:COINShort
by benjihyam
21
Coin FibsOn the Monday scare Coin interestingly dropped right to a previously marked fib, within two days the stock has rallied right back to the golden ratio. This goes to show you how nonsense market fear reactions are, had you longed at the golden fib, let the stock dump to the green, doubled your long position and dropped your basis immensely youd be sitting pretty right now as it approaches the channel again. -There is still work to do on this recovery, I think Coin usually precedes BTC moves -I expect a slow grind back to the 20EMA (red) -In sept/Oct I think we see a strong push to my target of 279$
NASDAQ:COINLong
by Apollo_21mil
3
COIN short to $150?!While we wait to see this larger triangle (in white) play out, I see an interesting potential short on Coinbase. It looks to me that despite an arguable crypto bull market, Coinbase might need to retrace and set some new bullish technical structure -- perhaps an inverse head and shoulders, or bull flag -- before moving up later this year. Momentum indicators also suggest a bearish turn is on the horizon. I've marked my TP zone in cyan and plan to take some off the table almost immediately if we get an impulsive move down. Important caveat: I recognize that we've been trading in a parallel channel (yellow) for about 150 days, which might imply a bounce. In the medium term, I also think NASDAQ:COIN is likely to break this white triangle bullishly, rallying with a broader move up in the crypto markets.
NASDAQ:COINShort
by dawsonMoonshot
1
Coinbase UpdateMan am I glad I set that stop last week. It was a tiny position, but I got out at point of entry so lost zero dollars. I honestly hadn't looked at crypto weekend until tonight and boy has it taken it on the chin. SOL will be down about 34% from last Monday and 23% just since Friday. BTC is down $16K in one week and $11K since Friday. Needless to say, I find it HIGHLY likely that COIN will open down BIG tomorrow a.m. bar something huge happening. It looks like to me that price is making a more direct move for my larger target box. This suggests that the atrocious pattern off the $272.50 high was in fact a 5-wave for wave 1 of (C) of ((4)). That in turn implies that we're currently in wave 3. I would assume that with such a strong drop some investors will take the opportunity to buy some COIN shares at what they perceive as a discount (it technically is) which would kick off / carve our wave 4. This all assumes that Coinbase opens way down tomorrow. I find it a very real possibility that we hit my larger target box tomorrow, but structure needs to create positive divergence and create a wave 4 & 5 before a bottom can be made. Tomorrow will be very interesting indeed!! Don't forget, I have essentially had this same target box for almost two months now for a wave ((4)) ending.
NASDAQ:COIN
by TSuth
1
Coin loses the channelCoin has been in this rising channel for months. I did sell my entire position at 250$ but I like to use this to give me a heads up on BTC price action. I do expect Coin to possibly retest the golden fib around 200, but earnings is tonight. If Apple, Amazon, and Coin have solid earnings and guidance we could pump right out of this, the expectations for everything will be very high here. -Short term 200ish -If earnings is strong a pump back into the channel around 230$ -If the market falls apart we are going back to 150$
NASDAQ:COINLong
by Apollo_21mil
Coinbase (COIN) Set to Report Q2 Result Tomorrow: What to ExpectCryptocurrency company Coinbase (NASDAQ: NASDAQ:COIN ) is set to report its Q2 earnings tomorrow after the bell. As one of the leading platforms for buying, selling, and managing cryptocurrency, Coinbase's performance is closely watched by investors and analysts alike. Here’s a detailed look at what to anticipate from the upcoming report. Recent Performance In the last quarter, Coinbase delivered impressive results, surpassing analysts' revenue expectations by 19.4%. The company reported revenues of $1.64 billion, marking a 112% year-on-year increase. This strong performance also saw Coinbase exceed earnings per share (EPS) estimates, signaling a solid quarter for the cryptocurrency giant. However, it's worth noting that monthly active users (MAUs) fell by 4.8% year-on-year, totaling 8 million. Expectations for Q2 For this quarter, analysts are predicting a continuation of strong revenue growth, with an expected increase of 92.8% year-on-year to $1.36 billion. This anticipated growth reflects a reversal from the 12.4% decline experienced in the same quarter last year. Adjusted earnings are expected to come in at $0.87 per share, which would mark another solid performance for Coinbase if met. Analysts’ Consensus Over the past 30 days, analysts covering Coinbase ( NASDAQ:COIN ) have largely reconfirmed their estimates, indicating a belief that the company will stay on course heading into its earnings report. However, it's important to consider that Coinbase ( NASDAQ:COIN ) has missed Wall Street's revenue estimates twice over the last two years, adding a layer of uncertainty to the upcoming results. Peer Performance Examining Coinbase's peers in the consumer internet segment offers some insight into broader industry trends. Pinterest reported a year-on-year revenue growth of 20.6%, meeting analysts' expectations, while Netflix saw revenues rise by 16.8%, also aligning with consensus estimates. Despite these positive results, Netflix's stock traded down 1.5% following their earnings announcement. This mixed reaction from the market could be a sign of cautious investor sentiment. Market Sentiment In general, investor sentiment in the consumer internet segment has been positive, with share prices up 2.5% on average over the last month. However, Coinbase's stock price has remained unchanged during the same period. As the company heads into its earnings report, the average analyst price target for Coinbase stands at $257.8, compared to the current share price of $224.22. Challenges Ahead: FCA Fine A significant issue looming over Coinbase ( NASDAQ:COIN ) is the recent fine imposed by the Financial Conduct Authority (FCA), a U.K. financial regulator. On July 25, 2024, the FCA announced that it had fined Coinbase's U.K. unit, CB Payments Limited (CBPL), approximately $4.5 million. The fine was issued for repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers. The FCA cited a lack of due skill, care, and diligence in the design, testing, implementation, and monitoring of the controls put in place to prevent such violations. This regulatory setback could impact investor sentiment and pose a challenge for Coinbase as it navigates its compliance obligations and works to restore its reputation. Technical Outlook Coinbase stock ( NASDAQ:COIN ) has experienced a notable increase of 5.5% in the pre-market trading session on Wednesday. This rise in stock value reflects a strong and positive sentiment among investors as they anticipate the upcoming Q2 financial reports, which are scheduled to be released tomorrow. The excitement surrounding these reports suggests that a robust earnings performance could potentially propel the stock price of NASDAQ:COIN towards the significant resistance level of $250. Conversely, if the earnings report falls short of expectations, it could result in a decline, pushing the stock down to the support area around $202, which is notably below the recent one-month high that the stock had achieved. In terms of technical analysis, the Relative Strength Index (RSI) currently stands at 45. This level indicates a state of balanced momentum between bullish and bearish sentiments in the market as traders and investors await the Q2 results. It's important to note that such anticipation can sometimes lead to gaps in stock prices, reflecting the uncertainty and volatility that often accompany earnings announcements. As the market prepares for this critical information, both sides are poised to react based on the outcomes, which could significantly influence the stock's trajectory in the near future. Conclusion As Coinbase prepares to report its Q2 earnings, investors and analysts will be watching closely to see if the company can continue its strong performance from the previous quarter. While expectations are high, the recent FCA fine adds a layer of complexity to the company's outlook. Despite these challenges, the overall positive sentiment in the consumer internet segment and the reaffirmation of analysts' estimates suggest that Coinbase remains a key player to watch in the cryptocurrency space. Stay tuned for the earnings report tomorrow after the bell, as it will provide crucial insights into Coinbase's performance and future prospects in a rapidly evolving market.
NASDAQ:COINLong
by DEXWireNews