Coinbase Global, Inc. Goes Bullish โThe Correction Is Over!COIN's bearish volume peaked November 2024. Ever since this date, peak bearish volume continued to drop. As we approached today, the lowest price since February 2024, COIN ended up closing with a green bar rather than a red one; the bears are gone.
I am giving you technical analysis in a very simple way. When volume and price produce a divergence, it means that we are on the verge of a change of trend.
Coinbase found support just below the September 2024 low. This support is also a long-term higher low compared to February 2024.
The correction was big and strong. Lasting more than 4 months and reaching almost 60%. A huge drop, but the market never drops forever, it never moves in one single direction, it moves in waves.
Did you enjoy the bearish wave? Did you suffer through this wave?
No problem, after a bearish wave comes a bullish wave. The good news is that the bearish wave lasted 4 months but the bullish wave will go for 8-12. That's a great deal. Go down 4 months and then growth for 8 months straight.
Coinbase is preparing to grow, together with Bitcoin, NVIDIA and the Stock market.
The bears are out. We will gain control of the market. It is the bulls turn. We are going up.
Namaste.
COIND trade ideas
i missed the target before -30% i'd like to offer you The Bottomt's awkward when 'all models are wrong, some are merely useful' when i called 'the fear is in the streets' with a buy action forward. boy was i wrong (and so paid the price for that call)
but with -30% additional downside i've been stalking this patiently.. and +/- 5% diff i think This is it a good bottom as any now (you cant ever time them right) but merely highER probability of the bottom
Here is why.
Overall Price Action
โข COIN appears to be trading within a broad upwardโsloping channel since last yearโs lows, though recent sessions show a pullback from the highโ$300s down to the midโ$100s.
โข The stock has been staging multiโmonth rallies followed by pronounced corrections, indicating that volatility remains high.
ShortโTerm (Days to ~2 Weeks)
โข Current Bias: Bearish/Consolidation - stay cautious
Reasoning: Momentum indicators (e.g. the stochastic overlays) are in lower ranges or rolling over from midโlevels, and the daily timeframe readout references a bearish tilt with relatively weak trend strength (low ADX, subโ50% probability).
Key Levels:
โข Immediate Support: Around ~150โ145 (a break below opens room toward ~130โ125).
โข ShortโTerm Upside: A rebound and close above ~165โ170 would help neutralize the immediate downtrend and could invite a bounce toward ~180.
โข Confidence: Moderate (about 50%) given the mixed signals on momentum and the broader market volatility.
NearโTerm (2โ6 Weeks)
โข Current Bias: Cautiously Bullish if support holds; risk of deeper pullback if ~145 fails
Reasoning:
โข The purple channel on the chart suggests that price may still be in a rising structure overall.
โข If COIN defends that lowerโchannel region near 130โ150 and momentum begins to turn, a bounce toward the midโ$180s or even lowโ$200s is plausible.
โข Conversely, if broader crypto markets or equities weaken further, the stock could see a retest of the lower trend boundary around the lowโ$100s.
Key Levels:
โข Upside Targets: ~185, then ~200โ210 as a bigger pivot.
โข Downside If Support Breaks: ~120โ130.
โข Confidence: Moderate (around 60%) on a bounce scenario, but keep watch for major support to confirm.
LongโTerm (6+ Weeks to Multiple Months)
Current Bias: Constructive but Volatile
Reasoning:
โข The broader upโchannel hints COIN may be in a longerโterm recovery cycle from 2022 lows, but large swings remain likely due to the stockโs sensitivity to crypto sentiment.
โข Sustained closes above ~$200โ210 would solidify the bullish structure and open the door toward the midโ$200s, possibly higher if the channel holds.
โข A breakdown below ~$120 would negate the broader uptrend and suggest a return to deeper support in the doubleโdigit zone.
Key Levels:
โข Main Resistance: ~250โ270 (top portion of the channel if momentum truly resurges).
โข Deep Support: ~100โ120, critical to maintain a longerโterm bullish outlook.
โข Confidence: ModerateโLow (roughly 50%) given macro uncertainties; confirmation of trend strength would come from multiple weekly closes above or below these key thresholds.
So what do i think? its about Time-in-The-Market, not Timing-The-Market
The Bottom Line
Short Term : Leaning bearish unless price reclaims ~165โ170.
Near Term : Watch ~145 and ~130โ135 as critical supportโif those levels hold, a push toward the highโ$100s is plausible.
Long Term : The upโchannel remains in play, but a break below ~120 would undermine the bullish structure. Upside targets could extend into the midโ$200s if broader momentum and crypto sentiment remain supportive.
Opening (IRA): COIN March 21st 220 Covered Call... for a 215.96 debit.
Comments: High IV + weakness. Selling the -85 delta call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call. Going lower net delta due to the shorter duration (35 DTE).
Metrics:
Buying Power Effect/Break Even: 215.96/share
Max Profit: 4.04
ROC at Max: 1.87%
50% Max: 2.02
ROC at 50% Max: .94
Will generally look to take profit at 50% max, roll out short call if my take profit is not hit.
COIN - what to expecthi traders
COIN stock looks bad.
Monthly close is upon us and it looks like it's gonna be a bearish engulfing candle.
In the next few weeks I expect a bounce and retest of the previous support around 245$ where we should get a rejection and the continuation of the downtrend.
We can see a bearish divergence in the monthly time frame.
COIN's chart looks pretty similar to the BTCUSDT chart that we analyzed today:
Recommended strategy:
1. Short around 245$ area and take profit near 180$.
2. Play the bounce from 180$
Good luck
Long Coinbase as a proxy bet on Crypto until end of yearUntil proven otherwise I must be under the assumption that the worst is behind us for the time being. That being said, more debasement is infinitely more likely than less, so long risk assets.
-looking for a lovely retest of the broken downtrend, coinciding with a nice support level within the next 30 days. This has to be a buy for me (in the green box).
-looking to close position late this year (likely December)
COINBASE GLOBAL - Technical Analysis Key Observations:
Elliott Wave Structure: COIN has been trading within a clear Elliott Wave pattern across the timeline shown. The chart displays a complete 5-wave impulse followed by a corrective phase. Currently, we are observing the development of another impulse wave which could be signaling the start of a new bullish cycle.
Fibonacci Levels: The stock finds significant support and resistance at key Fibonacci levels. Notably, after touching the 0.618 Fibonacci retracement level at approximately $239.3, COIN shows signs of a bullish reversal, initiating the potential formation of a 3rd wave which often is the strongest and longest.
Channel Trading: COIN has respected a rising channel, bouncing off the lower bounds and facing resistance at the upper. The interaction with these channel lines provides crucial entry and exit points.
Technical Indicators:
Volume: Trading volume appears to corroborate the wave counts, with spikes in buying volume at the start of impulse waves and increased selling pressure during corrective phases.
RSI: The Relative Strength Index shows fluctuating momentum, with recent readings heading towards overbought territory, which aligns with our observation of the beginning of a potentially strong upward wave.
Future Projections:
If the bullish momentum continues, and COIN respects the Elliott wave pattern, the next significant resistance is expected at the 1.618 level around $575.70. However, a break below the current support at the 0.618 level could invalidate this bullish outlook and may lead to a retest of lower support levels.
Trading Strategy:
Long Position: Traders might consider taking a long position near the 0.618 Fib level with a stop-loss just below it. The target would be the 1.618 Fib level, aligning with the peak of the projected 3rd wave.
Short Position: A break below the 0.618 Fibonacci level could be used as a signal to initiate a short position targeting the next key support level.
Conclusion:
COIN exhibits a strong technical structure that offers potential for both bullish and bearish trades depending on key levels. Monitoring these levels along with volume and RSI can provide valuable signals for entry and exit points.
COIN is the Goldman Sachs of CryptoTitle says it all. Coinbase is the OG exchange that has led the US crypto space for well over a decade. COIN has over 9 Billion in cash that can be deployed on ANY crypto project in the US. With the Trump admin interested in creating a Strategic Bitcoin Reserve, the policy of smaller government, then the logical private sector partner/leader of this effort is COIN.
Add to the above that COIN is silicon valley elite, you will find that COIN stands the to gain significantly as the government moves forward with their plans.
COIN has developed a moat and there are no other crypto enterprises that can compete.
Target price is $300+ in 9months a minimum 50% gain by the end of 2025. Good luck to all.
COINBASE This is the time to buy and target $400Coinbase Global (COIN) has been trading within a Channel Up pattern since the March 25 2024 High, so effectively a whole year. In the past 10 days it has been consolidating on top of the 1W MA100 (red trend-line), which is the natural long-term Support of the market.
During the same time it entered the Mayer Multiple Bands (MMB) Buy Zone, consisting of the 3 SD (green trend-line) and 2 SD (blue trend-line) below levels, which has given the ultimate buy signals since the January 2023 market bottom. Practically, the stock is consolidating within the 2 SD below and 1W MA100, a tight buy range.
Given the symmetry of the Channel Down Bearish Legs (both -48.39%), we expect a similar symmetry on its Bullish Legs too. Since the previous one reached the 1.236 Fibonacci extension, we are confidently targeting $400 before this Cycle tops. That would also make a perfect entry within the MMB Sell Zone that consists of the Mean MM (black trend-line) and 1 SD above (grey trend-line).
Notice also how the 1W RSI touched the Support of the September 06 2024 Low.
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Coinbase -- Still expecting another lowAs the title suggests I am still expecting another low before we move higher again. Looking at the prior price action, a drop to the 1.382 @ $163.02 looks like the ideal place for this intermediate (A) wave to terminate. Afterwards, if this is the correct count, we should begin moving higher with a target of $260-$300. There is always the chance that it extends a little further to the 1.618 @ $137.31, but as of now I do not anticipate that. Should we drop to the area of the 1.382 I plan on acquiring another 20 shares. If we end up coming into the 1.618 that'll be another 20 shares I pick up. I have entered into this position in layers with a plan long before I started. This is the only way to trade based on data and not emotions. Currently I only have 40 shares at an average price of $187. Another 20 shares at say $165 (the price I will buy more) would lower my avg cost to $179. If my thesis is correct, and we do target the $260 range at a minimum, that will be almost $5K in profits with the potential of $8K. Again, this is not guaranteed, but the probability of it happening is higher than it not.
Last thing I want to leave you with, crypto as a whole IMHO, has hit its high. I believe we have started the next corrective phase that will last for quite some time. We do NOT yet have confirmation of this, but I deal with probabilities. As of right now, the probabilities favor a larger consolidation phase for the foreseeable future.
Coinbase Global Inc - Triangle Descending - Selling opportunityA descending triangle pattern was form.
Descending triangle typically signals a downward breakout.
Sell trigger: Closes below 263.
Potential take profit target around 180.
You may take profit anytime.
Stop loss:
If the breakout is downward, do stop loss when the prices pull above 263.
COINBASE Stock Chart Fibonacci Analysis 031025Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 166/61.80%
Chart time frame: D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: C
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
$COIN - pocket full of coins or out of coins?CAPITALCOM:COIN has dropped from $349 to currently $218 over the last three days, but seems to maybe have settled at the support in this area. Working on a bounce up from support, and MACD looks to maybe cross up and RSI has crossed up. Might be time to consider a long, my target is $300. The three candles since the bounce have been long-tailed, indicating buying interest. Of course, considering CAPITALCOM:COIN one must also look at CAPITALCOM:BTCUSD as they tend to move in tandem.