Coinbase GlobalLong
Coinbase Potential for POP
Updated
Coinbase has been in a long time accumulation range between approx $50 - $110.
I have marked some of my levels for the longer time frame if the stock / BTC performs well.
One thing to note, if we take a look at the fixed range volume profile, you will notice the majority of the volume is being traded below the current price of $82.
The range point of control sits at approx $70, with the Value Area Low being $31.
A big level to watch could be $138-$140, which is the Value Area High for the stock. Any type of strong momentum above that price can potentially rocket this stock back towards all time highs if the resistance levels are broken.
Moral of the story, majority of the volume on this stock sits in the accumulation zone which may be behind us.
I have marked some of my levels for the longer time frame if the stock / BTC performs well.
One thing to note, if we take a look at the fixed range volume profile, you will notice the majority of the volume is being traded below the current price of $82.
The range point of control sits at approx $70, with the Value Area Low being $31.
A big level to watch could be $138-$140, which is the Value Area High for the stock. Any type of strong momentum above that price can potentially rocket this stock back towards all time highs if the resistance levels are broken.
Moral of the story, majority of the volume on this stock sits in the accumulation zone which may be behind us.
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Looking towards the range value area high at $136, and then potentially up to $150 Note
Coming back to this one again to add shares to my positions as we dropped below $180 in confluence with the longer term trend.
I like the setup here, a break into liquidity zone, potential fake-out of the support, 0.618 right below.
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Seeing bullish divergence on the RSI, long term trend line tap, 0.618 zone. All good confluence for me on this bounce.
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Exactly as predicted
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Quite probably the best trade of the year, it would be nice to see the liquidity zone above us tapped.
Trade active
TP1
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Looking towards higher targets next
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Gap zone holding up as support currently
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