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4COIN trade ideas

📉 Coinbase Closed Red (77.99 Next)Just two simple points I would like to mention as the chart remains the same as in the previous trade idea: 1) The Irregular correction (3-3-5) stays the same. 2) COIN closed red both the 27th and 28th of February. March 2024 Coinbase (COIN) and Bitcoin (BTCUSD) will turn red, big time. 👉 The correction target at this early date is expected to happen between 64.9 to 91.08. That is between the 0.786 and 0.618 Fib. retracement level for the entire bullish wave starting December 2022. Namaste.
NASDAQ:COINShort
by AlanSantana
23
COINBASE rallying as it should since our last call. What's next?Coinbase Global, Inc. (COIN) has started an amazing rally following our February 05 buy signal (see chart below) and is headed towards the $285.00 Target: We are modifying the Channel Up to make contact with all three Higher Lows as the Higher Highs comfortably fit the 0.786 Fibonacci Channel retracement level. As you can see all previous Higher Highs have been formed with a 1D candle closing below the 0.786 Fib and right now the price is sitting exactly on that level. This indicates that as long as the stock doesn't clos a 1D candle above it, we may see one last short-term pull-back towards the 0.5 Fib before eventually reaching the $285.00 Target. If however a 1D candle does close above the 0.786 Fib, we do expect the current rally to continue straight to the Target. Notice at the same time the 1D RSI entering the 2023 Resistance Zone. This is an unnoticed key dynamic as the previous Higher Highs were priced after the RSI got rejected on the Resistance Zone and it entered back blow the 70.00 overbought barrier. Keep an eye for a timely exit. ------------------------------------------------------------------------------- ** 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:COIN
by TradingShot
3
$COIN Weekly Chart Double Top PierceNASDAQ:COIN Weekly Chart Double Top Pierce, A "double top with a pierce" is a bearish reversal pattern commonly observed in technical analysis, particularly in stock charts. It typically indicates a potential trend reversal from bullish to bearish. - **Formation**: The pattern consists of two peaks (high points) that are approximately equal in height, separated by a trough (low point) in between. The first peak forms during an uptrend, followed by a decline to the trough. The price then rallies again to form the second peak, which is often at or near the same level as the first peak. - **Pierce**: In a double top with a pierce pattern, the price briefly pierces above the high of the first peak before reversing downward. This pierce above the first peak can often trap bullish traders who see it as a breakout, but the subsequent reversal indicates a failure to sustain upward momentum. - **Neckline**: A trendline drawn connecting the lows of the troughs forms the neckline of the pattern. The neckline acts as a support level, and a break below this level confirms the pattern. - **Volume**: Volume tends to decrease as the pattern forms, then increases when the price breaks below the neckline, confirming the pattern. - **Confirmation**: The pattern is confirmed when the price breaks decisively below the neckline on high volume. This breakout below the neckline suggests that bearish momentum has overcome previous buying pressure, signaling a potential trend reversal from bullish to bearish. Traders often use the height of the pattern (from the peaks to the neckline) to estimate a potential price target once the pattern is confirmed. Overall, the double top with a pierce pattern is considered a reliable bearish signal, but like any technical pattern, it is not foolproof and should be used in conjunction with other forms of analysis.
NASDAQ:COIN
by AlgoTradeAlert
COINBASE(COIN)/BTC CorrelationIn the past months investors have been watching carefully the recovery of Coinbase as one of the biggest partners in the financial industry as crytocurrencies seem to recover from the last downturn. Many investors, traders and fans of crypto have been watching with a lot of hype the launch of the ETFs; which hasn't resulted in what most of them expected: a massive bull run as these instruments got green light from public authorities. Cathie Wood's ARK investment instruments have been continuously dumping Coinbase shares in the last months, possibly to balance the holdings of the ETF ARKW(ark-funds.com), and the crypto-exchange shows 2 interesting things: certain degree of correlation with BTC and extraordinary earnings. However the last earnings should have been fuelling this stock but they didn't due to weaknesses in their fundamentals and tough valuations with shallow price targets. If done carefully, COIN can be used to track small spikes in price and short trends in BTC and ETH. The future could be promising for Coinbase, but from a macroeconomic standpoint we are not out of the woods at all. My observations tell me that the markets like to be bearish on COIN, but for short term wave riding, it could be worth it - just make sure you have appropriate risk management when doing so.
NASDAQ:COIN
by Sappx
COIN- Looking nicely BULLISHAS BTC crosses 38k today COIN may be faced to also see gains in share price. There have been several harmonics to support the move and the RSI is on a tear. Target here could move quite quickly over the next few weeks. BTC has a history of doing things around holidays and especially X-mas and so COIN may be poised to reap the benefits. I do expect to see some possible resistance/ retracements on the way up- noted by yellow lines. The 1st yellow line may be the most resistive. Outside of this looks like a clean shot if we proceed above it.
NASDAQ:COINLong
by Moorsc0de
7
COIN - Lots of profits to be made - beautiful algo confluenceThis can break out of our controlled selling algorithms any day - especially as we started to see sell-side tapering via our teal algorithm on Friday. Look for Yellow strong buying channel to activate and break us out of the magenta/purple/teal algorithms which will lead us to a retest of highs at the $180-$185 level. We will be trading this today live on the stream if the opportunity presents itself - we have some clear levels and things we're looking out for and we don't want to miss this one. See you there! Happy Trading :)
NASDAQ:COINLong
by ReigningTrades
9
Coinbase Update: The problem with extensionsExtensions are great and all for profits, but they can become difficult to count. Once they extend beyond normal fib lines it becomes structure only to guide your count. This can lead to misinterpretations, mislabeling, and at times confusing price action. The count you see in this chart is the best interpretation I can make of this chart at this time. There are only two real rules that CANNOT be broke under ANY circumstances. One of which is that wave 3 cannot be the shortest motive wave within a 5-wave structure. In this count, wave i extended and is larger than wave iii. In a 5-wave count at least one motive wave MUST extend but no more than two of them. When wave i extends, it typically ends up being the only wave that extends within the structure. I believe that is what we're seeing here on the micro count. Wave i extended with wave iii being short, but wave v is the shortest. Therefore, according to this count, no rules have been broken. We then retraced right up to the 0.5 retracement fib before heading higher in a 5-wave structure. What I would like to see next is a slight retrace of about 3% in a 3-wave move to the high $160's before raising again towards the next box. This isn't required but would create a healthy structure to raise off of again. I am going to put in a pre-market order to buy 30 shares @ $168 and then place a stop of $163. That's risking $150 in losses for a potential $1380 in profits. I'll take those odds any day. Don't forget, beginning February 23rd (this Friday), I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
NASDAQ:COIN
by TSuth
18
📊 Coinbase Ended The Week BearishCoinbase (COIN) ended the week on a very strong bearish note and we have a strong combinations of bearish signals on this chart. But first... How are you doing today? I hope you are having a wonderful time with your daily life. I've seen these charts, these stocks close red all the time and then surprisingly start the week on a bullish note and nullify the bearish bias... This can happen but we read the chart nonetheless. ➖ The first signal, based on candlestick reading; is the 16-February candle. The session opened at 189 and peaked at 193, a little higher than the late December peak price but technically still a double top. After going this high, the candle removed all gains and closed below the days open (180) and thus ended red. ➖ Trading volume on the 16-Feb. session is huge, the highest since July 2023 but ended red; The sellers ended with the upper hand. ➖ Double top pattern mentioned above. (28-Dec. & 16-Feb.) ➖ Tons of gaps on the way up while the sessions are closing red is another bearish signal. ➖ A very strong bearish divergence with the RSI is in place. ➖ And finally, we are looking at a B wave of a classic ABC correction; An irregular correction. It is called "irregular" because Wave B ends as a higher high compared to the start of Wave A. What follows is Wave C which means lower. All these are bearish signals. It will be very interesting to see how it all develops. For how much longer can this go on? Days, weeks, months? It is not a matter of "if" but "when"... And the 'when' is getting closer by the day. Prepare for a correction all across. Our focus is on Cryptocurrency right now so can't say about other markets even though everything is related these days. So Tesla, the SPX and the rest can also turn red late February and March 2024... To start. Namaste.
NASDAQ:COINShort
by AlanSantana
8