COIN - Targets In AdvanceThese days I dont give too many targets in advance but this one I will and potentially this is a very lucrative call.
The current limp ascending wave looks like it will connect another wave down to hit the 50 week MA that we have been eyeing up for some time and be a great buy between $60 - $65 within the 1:0.618 Golden Window.
It could extend down to the 1:1 but that it a stronger wave extension and if COIN is bullish in higher time frame then more likely it will be the weaker 1:0.618 GW that finds the low.
We'll see how it progresses and my clients will get regular updates.
This is not a short
Not advice.
1COIN trade ideas
$COIN - $31.70 Price Target with MAJOR Bear Flag Setup A major bear flag has setup nicely with NASDAQ:COIN stock. The price target is at a previous support area of around $31.70. Short at the break of flag for a potential win at that level. Remember the price target's measured move is the length of the pole of the flag pattern.
Coinbase to breakdown?Coinbase - 30d expiry - We look to Sell a break of 71.88 (stop at 77.88)
The primary trend remains bullish.
This stock has seen poor sales growth.
There is no clear indication that the downward move is coming to an end. 72.10 has been pivotal.
A break of the recent low at 72.10 should result in a further move lower.
Our profit targets will be 56.88 and 54.88
Resistance: 86.36 / 88.00 / 90.00
Support: 75.46 / 72.10 / 70.00
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Coinbase Breakout Done, Waiting RetesT!Hi friends, Sharing coinbase 4H chart as we can see it gives furious move of almost 15% after breakout this breakout it gives after a identical bounce back form it's support which earlier was a resistance, and now showing some traction towards a horizontal support below which also was a resistance for it also a parallel channel support placed very well there, in this channel it did consolidation after support bounce and formed a base before breakout. So i am planning to go long if it will come and test its retest zone and bounce from there.
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit
$COIN found support at the 0.618 Fibonacci retracement levelNASDAQ:COIN found support at the 0.618 Fibonacci retracement level. It is currently above the VWAP but below the 50-day moving average. The 9-day moving average crossed above the 20-day moving average, which is a good sign. Oscillators are also turning up.
However, the stock price needs to cross above $90 to continue the bullish trend.
Breaking below $72 would be bearish and could see it go down to the $61-$62 area.
The price movement of Bitcoin and the SEC's decision on a Bitcoin ETF will dictate the direction.
COINBASE Needs one more dip before it turns a buy again.Coinbase Global (COIN) is neutral within the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line) after the July 14 - August 18 fall. Even though the 1D MACD has formed a Bullish Cross, we don't think this is a buy opportunity yet, at least not until the 1D MA200 (orange trend-line) gets tested. We have seen this Channel Down-into-consolidation pattern before and always ended with a new Low. The Higher Lows trend-line is there to offer Support long-term (has been doing so since the start of 2023). Our target after that dip will be the 1W MA100 (red trend-line), which is the long-term Resistance. We expect a potential contact around 98.50.
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COIN has been closing negative for five consecutive weeksCOIN has been closing negative for five consecutive weeks
This chart shows the weekly candle chart of Coinbase stocks over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, the low points of Coinbase stock in 2022 and 2023 are exactly 2.382 positions of the top to bottom golden section in the figure! Recently, the high click rate of Coinbase stock has broken through the 2.000 level of the top to bottom golden section in the chart, and has fallen back. It has been closing negative for five consecutive weeks, and last week's weekly closing line showed a small positive line with an upper shadow line. This week, we will continue to explore the upper limit, but it is obvious that the bulls are weak! In the future, use the 2.000 bits of the top to bottom golden section in the graph as the watershed to determine the strength of Coinbase!
๐Coinbase Teams Up With Paypal In Europe (Easy 100% Potential) I think it is great news for the Cryptocurrency market, this partnership.
Coinbase and Paypal will be working together in Europe to allow users from Germany and the UK to withdraw/deposit using Paypal. They plan to expand this feature to other European countries.
This is great, Cryptocurrency adoption continues to move forward.
The COIN stock is set to produce amazing growth, based on the technical details of this chart.
The potential goes to 100%, 200% and 300%, with much more long-term.
Coinbase Global, Inc. is very like to grow, grow, grow and grow, non-stop for a long-time, as Cryptocurrency becomes mainstream and welcomed all around the world.
Thank you for reading.
Happy Blue Full Moon!
Namaste.
Inverted HS, testing broken resistancePrices just landed on the broken resistance and now support. I just bought some, not much. It may drop a little bit more. I'll wait a few days to see if there is some consolidation over the support to add more. For now, just a small position.
This stock is correlated with Bitcoin, so take a look to the crypto world to see how this one may move.
COIN - Super Bullish, But Hot EngineCOIN is running hot.
The ride so far is phenomenal, but also way too quick for my liking. This can be seen on the RSI, which is super hot right now.
A nice Long-Confirmation is the fact that Volume on the weekly chart did increase nicely.
The red resistance got peeked twice now.
It's exactly where price broke down last time and traders where puking their stomach empty.
If price can stabilize above this resistance, then we have a open road to at least $190 to $220.
If not, a breakdown to the white up sloping Centerline is very possible.
Coinbase Is Your Victor - Binance Is Dead. SEC / DOJ AUM ETF
Some points people are missing
Coinbase current AUM $137.651B, a 30.51% increase year-over-year.
Binance current AUM $54B, yes that much smaller than Coinbase even their company CMC refuses to list this data see yourself
coinmarketcap.com
coinmarketcap.com
Coinbase with a marketcap of CME Group gives it $306
Coinbase is the "CENTRAL" location of the Spot - ETF's SSA by the biggest institutions in the world, most of the largest BTC volume in the world be OTC / traded through them meaning Coinbase is going to be making profits you can't imagine.
SEC / DOJ has given the green light to support Coinbase through the SSA / Spot ETF's meaning Coinbase was saved by the full force of the united states government's market regulators. (this is major)
Oh and the correlation to Binances "BNB" scam is also free falling.