COINUSD
Has COIN got the momentum to keep pushing? Huge inverse head and shoulders is visible which has played out over the recent crypto bull market and we could be in a nice up trend channel. The question is can the market sustain us continuous momentum, or is it time for more legs down first.
Resistance at $110. Maybe $140 next then $170 OR we head back down to $87 to build some more momentum.
COIN price is liely headed to weekly resistanceThe price will attempt the weekly resistance zone in coming days. I think there will be a pullback on this test and price will fall back to the weekly support marked in green. However, hitting that support will be a bounce which will pave the way to break the weekly resistance.
However, lets stick to the first step of price reaching the weekly resistance. We will update our idea once the price reaches that level and let us observe the price action there.
CoinBase - Elliott Wave Finally completed! + Bullish divergence- CoinBase is one of the most popular crypto exchange in the world and that's why it's good to track the price of the stock.
- As per my Elliott wave technical analysis - we have completed the impulse wave successfully and now I am expecting at least a retracement to 0.618 FIB / Red horizontal resistance.
- If we take a look at the RSI indicator, we can see a bullish divergence, which is ofcourse always great to see.
- We have a local falling wedge, bullish reversal pattern at the end of the trend and the price is currently breaking out!
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$COIN/USD 1D (#FTX) Falling broadening wedge breakout and retest⚡️⚡️ #COIN/USD ⚡️⚡️
Exchanges: FTX
Signal Type: Regular
Current Price:
170.00
Entry Zone:
169.85 - 156.51
Take-Profit Targets:
1) 213.23
2) 261.47
3) 309.71
Stop Targets:
1) 122.98
Published By: @Zblaba
Coinbase is pulling back to previous support, acting as strong demand zone.
Risk/Reward= 1:1.25 | 1:2.45 | 1:3.65
Expected Profit= +30.68% | +60.24% | +89.80%
Possible Loss= -24.64%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 3.5 months
Tags: #COINUSD #Crypto #Tokenized #Stock #Nasdaq
Website: www.coinbase.com
COINusdcoinbase stonks hinting at a break out with the rsi and obv both breaking out price either lagging or we get a swift rejection and the rsi obv were bulltraps
looks unlikely to me given the state of btc.dominance and btc and eth/btc
bitcoindominance bearish? mini alt rally?
btc and eth btc looking bullish still
confluence says coinbase breaks this downtrend line here despite it being coinbase i spose lmao
targeting the .618 might be abit to hopeful
but still a 28% move to the .382 and the previous range low
pretty good setup tbh
BTC WATCH PARTY: how will the M pattern complete?Lets see how this works out, we are at the crossroads. We need to break the neckline to regain bullish momentum, there's no chilling around at these high prices as there is no decent support. First major support is around the inverse head and shoulders neckline around 59,6K.
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
DECISION TIME FOR BITCOINBTC already broke support once, if it revisits the lower end of the wedge and breaks the support in the RSI; BTC will correct. If so; I have the following targets on where we could find support. If we break beyond target 1 and 2, we could free fall towards mid 50's to even mid 40's. Coinbase premarket was dumped from 556$ to now 448$, only if the stock regains momentum on the bell; we will rebound upwards with BTC. I doubt it...but I hope Im wrong. Thing is for me: I dont wait for confirmation of corrections because you will be too late. If I am wrong; I will have enough time to rebuy; there is no time to sell in a proper dump. Thats it, lets see if reality kicks in or the euphoria continues.
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.