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COIN Coinbase: Critical AreaHello friends, today you can review the technical analysis on a 1D linear scale chart for Coinbase Global, Inc. (COIN), a stock traded on the Nasdaq exchange. Please review the chart as it is self explanatory. The key is to break the resistance line as the price is in a critical area. The overall pattern is a bearish one (Ascending Broadening Wedge or Rising Broadening Wedge) so there is concern for potential downside if the price breaks below the bottom support line. Also noted in the chart: Volume, Support and Resistance Lines, RSI (relative strength index), and various trendlines. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
NASDAQ:COIN
by MillionaireEconomics
8
COIN Elliott wave countOverall EW count I’m doing: Green = after a completed ABC count in White, I’m counting that as “1” at $368.88. Looks like a deep wave “2” retrace down to the .786 Fib around $245. Above $245 I believe it can start a new impulse wave upwards in the rough sketch layout in blue --> Target upside $368; $423; $600 stretch Blue = in nearer short term, think we can establish a smaller degree impulse wave up to create a wave 1 within Green Wave “3”. The 5 blue waves up would theoretically create a wave 1 of the 5 waves needed to create Green wave “3”. --> Target upside $290 retest, retrace that hopefully holds above $265, then $320 Looking for good entries to build a long position. Currently in couple small debit call spreads further out in time. Below $244 would invalidate slightly, indicating Green wave “2” is not complete. It’s more rare, but the .886 Fib retrace in pink around the $230 area would come into play. Below that, then I’ll need to go and recount some things. Side bit: COIN, relatively new, is still establishing structure. The older a stocks chart history, generally you’re able to find consistent EW counts more accurately. Any entries I do aren’t going to be much. More spreads rather then naked calls/putts to reduce risk.
NASDAQ:COINLong
by PT_Marche
Is ELASTOS a potencial crypto 💤Here again, analyzing the market, I recently noticed the crypto ELASTOS , which I had on my watchlist when there was information on the COINBASE exchange and at the moment it has a lot of potential. But so far it has only gone down. My first impression that I had was that price drop 95% since 2018. That caught my attention cause in that year cryptos like (Bitcoin, Etherum, etc..) did it to. Since then price started accumulating. Trading analysis: Price made a BOS (Break of Structure) and respected the zones of supply marked in blue. What"s next for another HH (Higher High)? Now price is dropping to the new supply zone 2.0$ close to our KL on 1.5$ . 1º Trend If price start acummulating and getting closer to 2.0$ i will open my position to hold. 2º Trend My second option will be to buy on 1$-1,5$ cause price break our HL (Higher Low) and expect price to range till the ending of March as you can see in the box (PAST) that can be reflected in the future.
Long
by BRWGTRADING
BNB, In A ADEQUATE FLAG-FORMATION, How It Completes!Hello, Welcome to this analysis about Binance-Coin (BNB) and the daily timeframe perspectives. As already mentioned previously the cryptocurrency market divergence keeps increasing and there are coins within this market that show up with bullish formations while there are others that show highly bearish signs. These divergences and differences are highly important to realize and to distinguish to properly assess the market from the right determinations and come up with appropriate actions to rightly move into the market at the proper times and also setups, in this case, I discovered an important formation forming with BNB that has some great potentials when it completes within the upcoming times, therefore I detected the pivotal formational structures and upcoming determinations we need to consider. As when looking at my chart now we can watch there the main structure BNB is now about to form, as we can watch BNB bounced within the 65-EMA in red and the 30-EMA in green and from there on continued to form a central formation in this whole structure. This formation is an initial descending-channel-formation with a coherent wave-count within the formation and the waves A to C are almost already completed. Now as BNB bounced within the lower-boundary-support also matching with the EMAs this is a greatly considerable origin for a right breakout above the upper-boundary which will finalize the whole descending-channel as a bull-flag-formation to the upside with the upcoming activation of bullishness and appointing of the target-zones. Taking all these factors into the consideration now it will be determining on how BNB finalizes this whole formation and how it continues to move on further after that. This whole formation will be completed as it is marked in my chart with BNB breaking out above the upper-boundary of the descending-channel-formation. This breakout will show the proper continuations and appointing of the target-zone, when the target-zone has been reached the situation needs to be elevated again. Remember that not every coin is forming such a great formational development, BNB is currently one that is forming such a good formation, in other cases, it looks different. For now, we will see how this formation completes to come up with further conclusions, it will be an interesting development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
3
MSTR and COIN: What Will Monday Look Like?Hello friends, today you can review the technical analysis on the 1D chart for Microstrategy (MSTR) and Coinbase (COIN). 1) Coinbase and Microstrategy are both public companies that are intertwined in the cryptocurrency markets. 2) With the sizable drop in the crypto markets, the price of Coinbase and Microstrategy will be affected when the market opens. 3) CryptoPickk shows a possible price target for where the price may go to for both Coinbase and Microstrategy. 4) A Trend-based Fibonacci Retracement is shown for both stocks. 5) Coinbase price may be supported around the 0.382 fib level around $200-$205. 6) Microstrategy price may be supported around the 0.382-0.236 fib level around $450-$500. 7) As traders know, it is very hard to catch a falling price so just be careful when buying the dip. 8) Both stocks price target ranges are shown in a yellow color rectangular box. It's not the time to get completely negative on the markets, but it is a time to start thinking about what to do next. Be cautious. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
NASDAQ:MSTR
by MillionaireEconomics