Bullish scalp on COIN.Please watch my analysis on Coinbase as I explain my technical analysis and why I think we are going up for a nice scalp and what I will be looking for! As always thank you for checking out my analysis!
COIN trade ideas
COIN base preparing for Triple digitsThe presence of an inverse head and shoulders pattern on the weekly time frame, coupled with the ascending annual trend, suggests that NASDAQ:COIN is poised to undergo a test of its all-time highs of the monthly time frame. Additionally, with the imminent approach of the BTC halving event, our analysts at NIXXWORLD anticipate a corresponding increase in the market capitalization of COIN.
Weekly Time frame:
Inverse Head & Shoulder on $COINThe presence of an inverse head and shoulders pattern on the weekly time frame, coupled with the ascending annual trend, suggests that NASDAQ:COIN is poised to undergo a test of its all-time highs. Additionally, with the imminent approach of the BTC halving event, our analysts at NIXXWORLD anticipate a corresponding increase in the market capitalization of COIN.
Double up your stack by May 2024 with $coinOn high time frame chart standards, NASDAQ:COIN Coinbase is a fresh chart. In the past week we have entered the cloud and an edge to edge trade would put price from $99 to double that at $200. Time frame is roughly 5 months. With the majority of the spot etfs going to go through Coinbase, this, in my opinion, is a great play. Spot ETFs for Bitcoin will likely be approved by January 10th, 2024.
COIN LONG (Breakout trigger not yet active)COIN here did a nice breakout from a falling wedge - up to the 50sma where it rejected.
Breakout trigger for this one will be over $86-87 for the next leg to 95-100.
No active trade yet - i set alert for 87 and will enter long there.
(NASDAQ: COIN) South Korea’s NPS Invests in CoinbaseSouth Korea's NPS invests $19.9M in Coinbase, marking a pivotal shift in pension funds embracing digital assets. South Korea’s National Pension Service (NPS), recognized as the world’s third-largest pension fund, has invested $19.9 million in Coinbase shares.
This investment marks a significant foray into digital assets for the pension fund, which manages assets exceeding $755 billion.
This acquisition represents NPS’s first venture into the cryptocurrency sector, opting for a more indirect approach to the burgeoning industry. Instead of direct investments in digital assets, NPS has channeled its investment through Coinbase, a leading name in the digital asset sector. This decision aligns with the conservative strategy typically seen in large institutional investors, where direct exposure to cryptocurrencies is often avoided in favor of investing in related companies.
Coinbase’s Rising Prominence
Coinbase, a company synonymous with the growth and development of the digital asset industry, has recently demonstrated a notable surge in its business metrics. With a reported third-quarter revenue of $6741.1 million, the company has significantly exceeded market expectations, underscoring its robust position in the industry. This financial prowess has undoubtedly played a role in attracting the attention of substantial institutional investors like NPS.
COIN |Coinbase | Purchase zone from $ 24 and belowEntering a long position.
Buying off a tool from $ 24 and below.
After consolidation at the level of $ 24, the instrument can give an excellent profit
COIN longNASDAQ:COIN upside targets 100 103 105 106 110
Maintaining uptrend
Approaching breakout territory
Coin breaking through daily supplyCoin looks to be breaking through supply after a few tests with a clear uptrend in both price and RSI. The stock is looking to retake the daily .786 fib level as well. We are looking at 115 UPCOM:ISH by end of year if the market stays excited about this CPI print and potential rate cuts next year.
COIN stock - Bullish on longtermCOIN is breakoing out from the channel. Probably correlated with BTC movements, which is also bullish yet. Now looks great to reach the last ATH or more :) Of course it's depend on a lot of things.
I bought around 80-82 USD, so my SL is around 85. I'm in winning position now, just the profit amount is the question :)
I'm a beginner trader so I charting for myself only. I mostly trading with crypto but sometimes I wanna check my ideas are working or not.
This is not a financial advice!
COINBASE above the 1W MA100 for the first time ever.Coinbase Global (COIN) broke on Thursday above the 1W MA100 (red trend-line) for the first time in its trading history, following a strong rebound on the 1D MA200 (orange trend-line). The prevailing pattern is a Channel Up, which with the help of the Fibonacci Channel extensions, gets put into a better context.
The 1D RSI shows that there is one pump left on the current rise, similar to the previous two bullish sequences of the Channel Up. Since the 116.50 Resistance 1 level has been unbroken for more than a year, our first target is 115.00, which will make an ideal technical Higher High for the Channel Up.
Beyond that, we will buy after a rejection to the 1D MA50 (blue trend-line) again. In the event that a 1D candle closes above Resistance 1, we will have a bullish break-out in our hands and again after a pull-back (this time not as deep as the 1D MA50), the trend should extend to 150.00 and the 1.5 Fibonacci Channel extension.
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COIN-SELL strategy 4-hourlyThe asset class is of course driven by the crypto values, and overall these appear to be overdone. COIN climb has been very steep and the angles of ascend suggest we should return back towards $ 60.00 area over time.
Strategy SELL @ $ 92.00-95.00 and place SL @ 101.50 and profit order place this @ $ 63.50.
$COIN Inverse Head & Shoulders### Technical Analysis Update: Coinbase Global, Inc. ( NASDAQ:COIN ) – Inverse Head & Shoulders Pattern on Weekly Chart
Coinbase Global, Inc. ( NASDAQ:COIN ), a prominent player in the cryptocurrency exchange market, is currently exhibiting an intriguing pattern on its weekly stock chart. The chart reveals an inverse head and shoulders formation, a technical pattern that often signals a potential bullish reversal. However, this pattern is contingent on the stock maintaining certain price levels.
#### Understanding the Inverse Head & Shoulders Pattern
The inverse head and shoulders pattern, observed in a downtrend, is characterized by three key components:
1. **The Left Shoulder**: A low point in the stock's price, followed by a rebound.
2. **The Head**: A subsequent lower low, creating the deepest point of the pattern.
3. **The Right Shoulder**: Another low point, though higher than the head, indicating potential reversal momentum.
This pattern is deemed 'inverse' because it's the opposite of the traditional head and shoulders pattern, usually seen at the end of an uptrend.
#### Key Level for NASDAQ:COIN : The $47 Threshold
For NASDAQ:COIN , the validity of this inverse head and shoulders pattern hinges on the stock’s ability to maintain a critical price level. A weekly close below $47 would invalidate the pattern, suggesting that the potential for a bullish reversal might be diminishing.
#### Technical Considerations for Investors
- **Pattern Confirmation**: A crucial aspect for confirming the pattern is the stock's ability to stay above the $47 level. Investors and traders should monitor this closely, as a sustained price above this point could indicate the likelihood of a bullish trend reversal.
- **Volume and Momentum**: Alongside the price level, trading volume and momentum during this period are important. An increase in volume as the stock approaches and surpasses key resistance levels can further validate the pattern.
- **Price Targets Post-Confirmation**: Should the pattern be confirmed, the depth of the head can be used to project potential upward price targets. This is achieved by measuring the distance from the lowest point of the head to the neckline and extending that distance upward from the breakout point.
- **Risk Management**: In case the pattern is invalidated (i.e., the price falls below $47), investors should reassess their positions and strategies, considering the potential for continued bearish trends.
#### Conclusion
The inverse head and shoulders pattern on NASDAQ:COIN ’s weekly chart offers a framework for assessing future price movements. However, the $47 level emerges as a critical juncture. A sustained position above this level could bolster confidence in a bullish reversal, while a fall below could signal the need for a strategy reevaluation. As with all technical analysis, this pattern should be considered in conjunction with broader market trends and analyses.
coinbase this an options analysis for family but i had to upload it so they could see if you want to listen through the brainstorming uncut filming feel free
Coinbase (COIN: NASDAQ)Coinbase (COIN), a crypto financial infrastructure provider, is expected to maintain stability in interest income, especially with the stability of USDC market capitalization in Q3.
The anticipation of the first-ever spot Bitcoin ETF for the U.S. market and the upcoming Bitcoin halving event in April 2024 are considered bullish factors. The launch of the ETF could boost Bitcoin prices and attract retail investors, while the halving event is expected to generate significant attention in the crypto space.
The recommended bullish stance on COIN is contingent on the stock staying above the $67.50-$68.00 level, with an upside target at $114.00-$115.00.
Bears, I am your father. Alternative working title.
(Who's your daddy)!!
Firstly....
Hope the bears are enjoying the price action..😀
On a slighter deeper and fractionally more philosophical level....
It's not great to bet on the demise of a company, wiithout blowback or Karmic reprocussions.
So, in closing...
I would just like to say..
Told ya so...
Coin is about to go hard..
Enjoy the goodtimes..
$COIN potentially reclaiming $115 with target of $150NASDAQ:COIN potentially reclaiming $115 with an ulitmate target of $150
RECTANGLEAlso known as a horizontal trading range and is considered to be a consolidation pattern.
The top line (red) is resistance. A break of this line with an uptrend is considered to be EL.
The bottom line is support and a break of this line with a downtrend is used as ES.
Targets over the structure in green are for a break to the upside. T1 is larger type than T2 and so on.
Sometimes all we get is T1 either way this breaks. Some would trade inside the rectangle.
Price is at a resistance level today.
No recommendation.
coinbase possible breakoutif coinbase confirms it is not going back down to 70$ and is flipping 87 to a new support the next target is 118 and we should get there fast there have been 2 other times in the past18 months we have broken through 87 and both times went to 118 and with the market conditions as they are ....... looks good
Coinbase Global Inc (COIN) Reports Q3 2023 EarningsKey Takeaway
a. Net loss of $2 million reported for Q3 2023, with positive Adjusted EBITDA for the third consecutive quarter.
b. Total revenue of $674 million, a decrease of 5% Q/Q, with net revenue of $623 million, down 6% Q/Q.
c. Strong balance sheet with over $5.5 billion in USD resources, an increase of $20 million Q/Q. Continued focus on product development and regulatory clarity, with new licenses obtained and innovative products and services built.
Coinbase Global Inc (NASDAQ:COIN) released its Q3 2023 earnings report. Despite a challenging market, the company reported a net loss of $2 million and a positive Adjusted EBITDA, reflecting the company's resilience in all market conditions. The company also reported a strong balance sheet with over $5.5 billion in USD resources.
Financial Performance and Challenges
For Q3 2023, Coinbase Global Inc (NASDAQ:COIN) reported a net loss of $2 million. Despite this, the company generated a positive Adjusted EBITDA for the third consecutive quarter. Total revenue was $674 million, down 5% Q/Q, while net revenue was $623 million, down 6% Q/Q. Total operating expenses were $754 million, down 4% Q/Q. The company's balance sheet remained strong with over $5.5 billion in USD resources, which increased by $20 million Q/Q.
Financial Achievements
Despite the net loss, Coinbase Global Inc (NASDAQ:COIN) reported several financial achievements. The company generated a positive Adjusted EBITDA for the third consecutive quarter. The company's balance sheet remained strong with over $5.5 billion in USD resources, reflecting the company's financial strength and stability. In Q3, the company repurchased $263 million of its 2031 Senior Notes at an approximately 33% discount to par value or $177 million in cash.
Product Development and Regulatory Clarity
In Q3, Coinbase Global Inc (NASDAQ:COIN) continued to focus on product development and regulatory clarity. The company obtained new licenses that enabled it to access new markets and deliver new products. The company also continued to drive toward regulatory clarity in the US and built innovative products and services in the areas of derivatives and layer 2 solutions.
What To Expect
Looking ahead, Coinbase Global Inc (NASDAQ:COIN) expects Q4 subscription and services revenue to be approximately flat with Q3. The company anticipates Q4 technology & development and general & administrative expenses to be $525-$575 million. The company also expects to generate meaningful positive Adjusted EBITDA in full-year 2023.
Crayon EaterI ate all of the crayons
In a world of hues both wild and bright,
I nibble crayons, a curious delight.
Their waxy secrets unfold in my grin,
A kaleidoscope journey about to begin.
I taste the reds, a fiery kiss,
Scarlet whispers in each crayon's twist.
And as I chew on the cobalt blue,
Electric visions burst into view.
Emerald greens, they dance and play,
In my mouth, they find their way.
With every bite, a taste so sweet,
Fractal dreams begin to meet.
Colors melt like honeyed streams,
Awakening a world of vibrant dreams.
As I consume the yellow sun's embrace,
Fractals swirl in an intricate chase.
Indigo, a mysterious night's caress,
In my mouth, it's a tranquil mess.
And with each crayon I consume,
Fractals bloom like cosmic plume.
Vivid oranges, like a summer's day,
In my mind, they begin to sway.
The taste of art, both wild and free,
Unleashes fractals for my eyes to see.
In this union of taste and sight,
I savor colors with sheer delight.
Eating crayons, a creative spin,
Unveils a world of fractals from within.
As I munch on colors, my senses unite,
In a symphony of flavor and light.
Through crayons and fractals, I transcend,
To a realm where imagination knows no end.
Coin uptrend after consolidationCoin marching upward after consolidation, overtaking multiple supportive regions. I drew a local supply and demand to put things into perspective. The stock needs to take the teal line to really show signs of heating up. A Bitcoin ETF looming will hugely increase the stock price short-term if announced.
COINBASE ready for a new rally.Coinbase turned bullish on the 1D technical outlook (RSI = 63.427, MACD - 1.240, ADX = 25.992) as it is on the 5th straight green day since the 1D MA200 rebound. This was also near the bottom of the year long Channel Up, so the probabilities for a new rally/ buying wave like January and Jun/ July are increased. The key here is to hold the 1D MA50. If the stock doesn't break it, we will stay bullish and target the -0.236 Fibonacci extension (TP = 140.00) similar to where the July 14th top was priced.
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