Coin
Crypto Strong Rally: CoinbaseStrong triple bottom on the support green zone, with bullish Bitcoin and ETH over the weekend, expecting COIN to follow suit on the bullishness trend. $260 is strong block as we can see previously, if it breaks $260, Volume will be able to push it back to $280 and then to IPO level around $300 in the longer run. To be safe, we can wait for it to retest $260 and turned it to a break and retest before trading on it. Depends on Crypto momentum. Earnings is on 10th of August.
Take a look at Riot and Mara stocks today/this week. All moves with crypto trend.
$COIN earnings play*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team really loves $COIN, from crypto exchange to the companies amazing fundamentals...but we're still proceeding with caution. $COIN has enormous growth potential, but unfortunately the company is still fresh out the womb. Investors may shake if earnings don't quite live up to high expectations...on the other hand if my teams buy order gets activated next week $COIN is clear for a very fun ride up.
My team has placed a buy order at $270 per share.
We will cancel our order by the end of the trading week if it remains inactivated.
BUY ORDER: $270
TAKE PROFIT: $303
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COIN- unfortunate development updateChart posted 83=2021 as of 10:00 ET COIN was poised for some gains, but with the recent bearish moves on BTC- this has trickled over to COIN to give the Gartley pattern some difficulty. In doing so there was an embedded deep butterfly pattern that has formed and as you can see COIN failed at the critical point of that pattern. I had hopes this may rebound, but POINT #1 had to see a bounce and support at POINT # 2. It appears price has fallen below POINT #1..and so with these developments I am changing this to a neutral/ short call. Only if we rebound to point #1 and support at point #2 does this reverse and go back upside. This could happen with an engulfing pattern, but for now I am neutral anything below red box is bearish.
Added $5k Of Coinbase Global: NASDAQ: $COIN 💰💰💰Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy. The company provides primary financial account for the cryptoeconomy, a platform to invest, store, spend, earn, and use crypto assets; an online marketplace for hedge funds, money managers, and corporations; and a platform with technology and services to developers, merchants, and asset issuers that enables them to build applications that leverage crypto protocols. It serves retail users, institutions, and ecosystem partners. The company was founded in 2012 and is based in Wilmington, Delaware.
BEL is going to reach this zone. Will there be a correction? 😧Bitcoin is still moving in a downward pattern, updating its lows and highs while in a prolonged consolidation. Not showing any particular strength for growth lately.
At the same time, some altcoins are showing a very different picture. For example, Bel is moving in an uptrend pattern, locally updating its lows and highs.
Bel has a strong resistance range ahead, marked as a massive value area on the chart. Most likely, the price will react to it and correct to the lower marked area!
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Bullish for Coinbase COINPotential LONG position on Coinbase COIN
Technical Analysis:
1. Recognizing price trading in trend.
2. Looking for price to bounce in Demand Zone
3. Looking for RSI to be oversold
4. MACD just crossing 0 line.
Fundamental Analysis:
Positives -
1. Crypto prices low
2. COIN makes money from trading fees (retail trade markets at all time high)
3. Earnings expectations have risen considerably over 3 month period, lower than previous quarter estimates. (more margin potential to beat conservative current estimate)
4. Current price considerably lower than institutional price targets
5. Significant exposure to crypto markets by major institutions over several months.
Negatives -
1. Last Quarter missed estimates
2. Crypto prices declined significantly from highs
Potential Trade Ideas:
Entry @ $220 - 210
Take Profit @$270 - 280
Will wait for signs of bottom & go LONG reversal.
Tight stop-loss.
Will trail this trade with stop to lock in profits. Possible resistance @ $250.
Get Ready To Accumulate More SHIBSHIB is currently by far one of my favourite coins. I don't have that much, but it's a good amount to be happy.
Anyways, let's take a look on the MACD and STOCHRSI. The Daily and Weekly do not have enough valid Data Points to give us any hints where we are and where we are going, but what we have on the 4h is a strong indication that we might head down to the deep to the 0.786 FIBB Area. This is where SHIB might bottom out and take us to the next moon levels. and where I'm going to set a huge buy order. Moving Averages are looking quite alright, but EMAs need to recover and turn into a bullish bias. I do not expect to see SHIB getting rugged in any kinda way, since this project is very popular now among Dogecoin Fans and Dog fans in general.