INVERSE HEAD SHOULDER $COINCoin to ~$100
Inverse head and shoulder pattern in addition to bullish divergence. Should see some action soon.
COIN trade ideas
$COIN back to $60ish and then $100+?NASDAQ:COIN looks like it's forming a rejection candle right at resistance. If you look at the structure, we broke out of a bottom formation and I think we're likely retesting the structure before a continuation higher.
What makes most sense to me is to retest the $60ish area as support and then continue onwards to $100+.
In order to do that, price would need to finally break above $76. But with 3 rejections already, I'd imagine the next time it gets up there, resistance will break.
Let's see if it plays out.
COIN leading indicator of the crypto market? Some nice momentum from COIN, breaking long term diagonal resistance and now challenging local horizontal resistance line near breaking out of a ascending triangle pattern.
Looks juicy, still to see the daily to 3 day candle close above this local resistance and form support.
BTCUSD Cryptocurrencies Crypto ethusd
COINBASE is testing for strong pressureCOINBASE is testing for strong pressure
This chart shows the weekly candle chart of Coinbase stocks over the past two years. The figure overlays the high points of November 2021 and the golden section below them. As shown in the figure, the low points of Coinbase in May 2022 and January 2023 are both supported by the 2.382 level of the golden section in the figure. The double bottom pattern has been formed, and the future is likely to rebound strongly upwards! The strong pressure above is at the 1.618 position of the golden section in the graph, and the recent long short split is at its highest point this week, also at the 2.000 position of the golden section in the graph!
Coinbase - The Moonboy GuillotineFrankly speaking, Coinbase is a stock you actually want to keep a careful eye on, because as the US/International regimes fully integrate digital currency, Coinbase is quite likely to be a key organ of the network.
But for now, this thing is worth $14 billion still and at a time that the crypto market is doing really poorly, Binance and Tether are ticking timebombs waiting to go full Mt. Gox, and banks are about to establish real crypto exchanges.
The current breed of digital currencies, including Bitcoin and Ethereum, are things that have been corrupted by Chinese Communist Party entities.
All the way from the mining cartels to the communities to the Ethereum foundation, there are links to mainland China every step of the way.
And this is something you should really be worried about when the new International Rules Based Order policy is about "de-risking" from China.
And moreover, China has a lot of problems from the pandemic, the coming possibility that Xi Jinping will coup d'etat the CCP in the middle of the US night one day soon, and the looming persecution of Falun Gong since 1999 by the Jiang Zemin faction.
The timing is a little off to go long, but since you're being told it's time for $100,000, if you believe it, then I suppose you've consented to losing your money.
Right now I have calls on Bitcoin for $33,000 to $35,000:
Bitcoin - Balance Amidst FUD
And Ethereum for a $2,130~ double top:
Ethereum - Prepare For The $2,150 Double Top
In my opinion, with the chart set up and pattern, the Coinbase market maker is not going to create higher prices.
The target is below the December low.
Numbers like $15 or $18 are what the low will look like ultimately.
And so right now if you're long on this I recommend you sell on a breakout of this April-July trendline around $69.
If you don't sell your shares now I really do believe these prices won't be seen again for at least 2 years.
I do not believe price will break $72 because the market maker is actually short.
For now, the trade gives a scalp opportunity to go from $61 to $69 as well.
The target is the very bottom. And then a new new bottom of the new bottom.
Afterwards, perhaps Coinbase will rise again.
COIN rises with cryptocurrency resurgence. Can it continue?COIN popped today with vigor as traders seem to recognize the resurgence of crypto.
On the chart, the pop has adequate volatility and high relative volume. The RSI indicator
shows RSI crossed over 50 the prior day and is now nearly at 100. The question arises, can
COIN continue or will it consolidate or reverse? Please comment with your opinion.
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.
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.
💾 Coinbase Bullish Long-Term ConfirmedWe have bullish confirmation on the Coinbase (COIN) chart, coming in the form of a weekly session close above EMA10 and EMA21, this happened last week.
This week we get a full green candle above these two levels confirming the bullish bias. After months of volume dropping, it is starting to go up.
The RSI moved past 55, only EMA50 (74.63) remains as resistance. Above this level, the path is clear to 150 or more.
Namaste.
COINBASE resting before the next pop (Daily)Ever since we have left Wave 2 we have been on full out lift off mode from $46 TO $78.30 after close today in about almost a MONTH.... The Wave 3 target is around $117-136 range. We need to break above these blue resistance lines I have in the chart. We should know if this truly is a wave 3 or just a C wave fool's rally depending on this resistance level in the coming days.
Coinbase going to $100+ (Weekly)Coinbase if the Wave count is right should be going to $130+ as we are in the Wave 3, which is the most powerful wave. If we are to break through the resistance lines (which are in blue) buckle up because it is going to takeoff.
COIN - Waiting for a drop to buy back inAlready took profit but if I was still in I would sell and then wait for the lower median line to enter.
$COIN - watch for thatNASDAQ:COIN Watch for a breakout above anchored VWAP. It could serve as a lunch pad for next leg up. Heading to second target $84 - $87 area.
Previous targets of $84 and $110 not changed.
💥🚀 💰
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.
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?
Looks like a good investment, ("Looks like")Price looks like it has been rejected off a good support area and has broken a trendline (which ONLY touched 2 point).
I'll come back in a few months time to see if my analysis is right or wrong.
What do you people think about my overly simple analysis which does not look at any fundamentals?
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
MarkupAs you can clearly see with a finished penalty and marked bullish momentum noted on rsi with respect to price level with highest closes on nearly all time frames with all moving averages rolling up. 190 minimum. Maximum for 2023 probably 400s but I'm only half psychic 🔮
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.
