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COINBASE Surges as Bitcoin Breaks $71,000! Next Price Target?Analysis of Coinbase (COIN) - 15m Timeframe Trade Setup: Coinbase has shown a significant uptick as Bitcoin surged past the $71,000 mark, triggering a bullish entry point at $214.90. Volume and Momentum: Current trading volume stands at 10.46M, surpassing the 30-day average of 9.32M, signaling strong interest and momentum. Technical Levels: Entry: $214.90 Target 1 (TP1): $221.45 Target 2 (TP2): $232.06 Target 3 (TP3): $242.66 Target 4 (TP4): $249.21 Stop Loss (SL): $209.60 Catalyst: Bitcoin’s recent price surge has positively influenced Coinbase’s stock, aligning with its correlation to crypto trends. The upcoming earnings report in 2 days may add further volatility, providing potential upside if positive results are announced. Conclusion: This entry marks an opportune moment to capitalize on Coinbase's rally tied to Bitcoin’s performance. Traders should watch the earnings announcement closely as it could propel the stock further, potentially reaching the set targets.
NASDAQ:COINLong
by ProfitsNinja
2
COINBASE rallying as it should since our last call. What's next?Coinbase Global, Inc. (COIN) has started an amazing rally following our February 05 buy signal (see chart below) and is headed towards the $285.00 Target: We are modifying the Channel Up to make contact with all three Higher Lows as the Higher Highs comfortably fit the 0.786 Fibonacci Channel retracement level. As you can see all previous Higher Highs have been formed with a 1D candle closing below the 0.786 Fib and right now the price is sitting exactly on that level. This indicates that as long as the stock doesn't clos a 1D candle above it, we may see one last short-term pull-back towards the 0.5 Fib before eventually reaching the $285.00 Target. If however a 1D candle does close above the 0.786 Fib, we do expect the current rally to continue straight to the Target. Notice at the same time the 1D RSI entering the 2023 Resistance Zone. This is an unnoticed key dynamic as the previous Higher Highs were priced after the RSI got rejected on the Resistance Zone and it entered back blow the 70.00 overbought barrier. Keep an eye for a timely exit. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:COIN
by TradingShot
3
Coinbase touches SMA resistanceCoinbase's stock (COIN) advanced in the intraday levels after announcing plans to let go of 950 employees in a step to reduce costs, especially in the crypto sector, with severance package and other costs of the termination estimated at $163 million, with the stock tumbling 12.96% in the last session, or 4.96 points, settling at 43.23, with trading volumes surpassing 24.4 million shares, above 10-day averages of 13.6 million shares. Technically, the stock is trying to regain some recent losses, touching the 50-day SMA, while retesting the resistance of 40.83, as the RSI reached overbought levels compared to the stock's movements. Therefore we can expect the stock to return lower, targeting the support of 20.20, provided the resistance of 40.83 holds on.
NASDAQ:COINShort
by eltonmorningstar
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
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.
NASDAQ:COINLong
by Bullishcharts
2