Coinbase Global
Long
Updated

$COINBASE as BTC going UP! 3 targets, let´s see.

504
To continue with my theory, Q4 is from the Cryptos.
Q2 and Q3 were stocks, but now is the Crypto moment, and the stocks that will do well in my view are from this sector.

In the case of COIN we have a Breakout on the Daily RSI, about to do so on the weekly, which would give a confirmation. And we need to break the 200 MA for another confirmation.

So:
Confirmation 1 Breakout MA 200.
Confirmation 2 Breakout RSI weekly.

Stop Loss: At $154.

Targets:
T1: $255.78
T2: $317.92
T3: $399.04


Maximum 5% of the portfolio.

Note
Confirmation 1 CHECK.
Confirmation 2 CHECK.

Lock and Load...

"The new superstitions,
The bobera of a new pac-man."

There is still seat on this one, in any red day, next week!
Trade active
Nice week everyone! HUT is another one I was watching but haven´t done an idea on time so. Let´s take a close look at this one!
Note
Target 1: Achieved!

The rest is waiting.
Note
Target 2: Achieved!

The rest is waiting.

Sorry Guys I should posted the HUT idea on time. I didn´t because the chart is a mess, and I had to do a new one clean, etc. But today with +17% when others are not moving, I realized my bad. take a look on this one!

ibb.co/71PjMWF

Note
So are we getting the 3rd base or no?
Note
Breakout on 07/11.

Test and pull back now.

We are ready for the 3rd target, I´ll let you know if I consider going a little higher or not.
Note
Going for the final target now. It´s time.
Note
2 Targets achieved, the 3rd target never arrived. If we are bouncing here, we should watch this closely to get out in a good position.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.