Coinbase is a well established setup and professional company in the Crypto world, a new-base may be forming on its chart and new, fresh buying emerging right now. This next 15 minute shows the bottom of the Coinbase chart structure. See next chart below
Daily Timeframe COINBASE:ARKMUSD Trade Analysis Key Focus: 0.970 Area The 0.970 level here's what to expect: When price reaches 0.970, I anticipate a long entry to target 1.051 level for a quick daily 1:1. Upside look If price closes with a body above 1.216, I would anticipate a pullback to eventually head to the following targets: Initial target:...
... for a 3.66 credit. Comments: High IV at 73.4%. More small stuff while I twiddle my thumbs. Skewing this just a smidge long, with resulting delta at 2.35. Metrics: Buying Power Effect/Max Loss: 6.34 Max Profit: 3.66 ROC at Max: 57.72% 50% Max: 1.83 ROC at 50% Max: 28.86% Will generally look to take profit at 50% max; roll in untested side on side test.
Bitcoin has been putting is some near term lower highs and lower lows. The daily chart trend is starting to breakdown and show signs of distribution. The weekly chart trend is still ok but even if we had a flush to 40k the Weekly chart would still display higher lows. The point of this higher low excercise is to define trend and know that trends can often...
QNT coin look good to go up entry 71.28 SL 69.30 TP 1:1
As I wrote in previous posts, many coins are currently forming a descending wedge. It can be noted that the ATOM coin was heavily sold off with large impulses. It's also clear that the coin bounced off the support zone, and in my opinion, it may now be breaking out of the wedge into play. The project itself is very promising and has many applications in...
Coinbase (COIN) has been trading within a long-term Channel Up since the first week of January 2023 (almost 20 months). Within this time span, it has seen 4 corrections with the latter being the longest as we haven't seen a new High since the week of March 25 2024. Last Friday saw the week close on the strongest red 1W candle (-20%) since the 2022 Bear Cycle, as...
104.70 below weak 98 below trendline breakdown 103/101.50/99/97.50 /95/91 can test
261 below trendline breakdown possible 260/258/255/252/248 can test
284 below weak 281/279/275 can test easily already tl breakdown
76.50 below weak 75.50/74.50/73/70/67 can test support break then it will be weak
This plan looks plum. Unless bitcoin doesn't spoil the party it can keep on flying.
The chart shows a clear descending wedge pattern, which is generally considered a bullish reversal pattern. This suggests the potential for an upward breakout once the pattern completes. The highlighted brown box indicates a critical support zone around the $42,500 to $52,000 range. A potential scenario shown by the green path suggests that the price may dip...
Nearly five months ago, we shared our last analysis on Coinbase, predicting a 30-40% drop. And guess what? We saw a 40% decline. At that time, many were bullish on COIN and the broader crypto market, but we opted to wait and watch. In hindsight, this cautious approach was clearly the right move, especially given the higher time frame of our analysis. Since...
Coinbase (COIN) Shares Drop Below $200 Yesterday, shares of cryptocurrency exchange Coinbase (COIN) underperformed the broader market, falling by approximately 5%. This decline is part of a worrying trend. While the S&P 500 (US SPX 500 mini on FXOpen) set records in mid-summer, Coinbase (COIN) struggled to surpass its March high. It seems the positive impact of...
Coinbase (COIN) hit (and even broke) last week its 1W MA50 (blue trend-line) for the first time in more than 1 year (since the week of June 26 2023) and posted an incredibly bullish reaction by almost recovering all of the weekly losses. At the same time, that drop almost touched the bottom of the 1.5 year Channel Up that started after the 2022 market bottom. All...
134 above breakout possible 137/139/142 can test soon
Technical Outlook: Bullish Setup: A cup and handle pattern is forming, suggesting potential for an upward breakout. Key Levels: Watch for a breakout above the handle with strong volume. Support is solid at the 50-day moving average. RSI: Still below overbought, meaning there’s room for upward movement. Fundamental Snapshot: Strong Q2 Earnings: Revenue...