COIND trade ideas
Another possibility to join the Coinbase partyThis plan looks plum. Unless bitcoin doesn't spoil the party it can keep on flying.
Bull run is over for coin maybeIt has lost the support of the trend it had for last few months. Unless it breaks above this trendline I tend towards bearish for coin. I was having a feeling it will cross 350 and then turn bearish but the chart looks bearish to me. Stay safe guys!
Coinbase Stock in a running correctionCoinbase as issued have seen a tremendously sell off.
And ran up in a corrective manner. Currently we see probably the x-wave hit and move to the last zigzag up to 600 $ or higher. If not the golden zone should act as support zone.
$COIN is FINISHED! | SHORT ALL CRYPTODespite the best efforts of celebrities and juvenile CEOs, the crypto fantasy is coming to an abrupt end!
For those of you who have followed my crypto coverage (not many - lol), you will recall that I have been steadfast in my "short-crypto" perspective since posting the "Bitcoin top" way back on October 15th, 2021 - linked to this post.
Although we have seen a pathetic retrace, thanks to the obscene green new scam / inflation reduction act, my analysis prevails. This fantasy bubble is going to devastate financial institutions and private citizens alike.
Moreover, in addition to the disastrous inflationary policies of the current political administration, we have seen institutional financial entities increasingly involved with cryptocurrency in recent years. Specifically the ETF-ing of crypto, while presumed "bullish" by many, is actually the worst thing that could have happened for the crypto fantasy club. WHY? Simple: ETFs compete for return, amongst one anther. To that end, as the global economy slips deeper into recession, the fraudulent celebrity-pumped crypto bubble is low-hanging fruit; it will be plundered without mercy!
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Coinbase Global, Inc. (COIN) range idea | pre-marketThe labels that are used are ment to draft and measure context to the price action involved and contain no rules-engaged notebook + applied-set up indicators, but an avoiding interference to use other rules-engaged software to enhance in general, regarding to the watchlist and trade plan that is relevant to trade-on
Within a 100K account balance the split on trade & risk management = 1/10% - 1/20% margin as an execution range, to set up an order entry and select a per trade on average, to avoid any drawdown hit regarding to the stop loss & to execute risk on management specifics. Trail stop efforts are a focus of attention to the set up in general when volatile-price-action is involved, mainly because of the usage of an intraday-scalp-position tool on behalf on the trade plan in general
Key indicators on Trade Set Up in general;
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# TREND | TIME FRAME CONDUCTIVE | Daily Time Frame
- General Trend
- Measurement On Session
* Signpost
* Support & Resistance
* Trade Area | Focus & Motion ahead
# POSITION & Risk Reward | 15 Minutes Time Frame
- Measurement On Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Coinbase Global, Inc. (COIN): Overall Consensus | Neutral
OTM Puts on COIN I think BTC might be late in a topping pattern and soon heading into the more obvious break section.
If so, then we should see COIN and co all slam hard.
COIN has a great bear case on its own merit. The 76 bull trap, the 61 break and now the 50 retest. Very much mirroring the signals of ETH.
If the BTC drop is going to come, it'd be very reasonable to see strikes 20% -40% OTM on coin hitting by the end of the year.
$COIN Proverbial Stock Chart, Must See!NASDAQ:COIN We extrapolate the COIN facts that we can foresee price growth in the over-splendid crypto arena, but today might not be one of the memorable. In-fact, it will be so boring for you today, that I created this funny, proverbial, metaphorical stock chart to depict, denote, and serve a connotation to your experience. We hope you enjoy this art.
Trend analysis, price movement. simple!
Coin zoomed in 250$Per request, and update on Coin but a little more zoomed in. You will note several inflection points colliding at my price target. The previous momentum trend (purple line), the long term red resistance and a fib all around the same area. This very strong pivot along with BTC bullishness signal the move. This is where I sold all of my Coin last time. Coin tends to front run BTC most of the time. I think we see this target again by Sept 5th.
-Short-term 250$ in two weeks
-Medium term 279$
-Long term (march) 350-400$
Coinbase (COIN): Anticipating the Next Big MoveNearly 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 then, we've climbed out of that zone, and everything seems to be progressing well. We're now looking for a 5-wave structure to the upside to complete Wave 5 and, consequently, the first cycle. Our target range for COIN lies somewhere between $286 and $412, but we believe the most likely range is between $290 and $325.
Currently, we have some swing positions open in cryptos, and we're not looking to enter Coinbase at this moment. However, either in the near or distant future, we plan to make a move. Specifically, our target for the big Wave (2) is the imbalance between $160 and $115, but it’s still a long journey before we reach those levels.
COINBASE - I really like the structure of this chartThe coinbase chart on the weekly is very clean.
The support and resistance levels are really defined and its creating a strong base for structure.
Coinbase has been range bound for over 5 months, which I like.
The longer the base, the greater the potential it has for very high prices when it breaks out.
And more important is coinbase has been in an uptrend for a year and a half.
I feel coinbase will have a short term pullback because the DAILY stochastic rsi is at oversold levels. (not shown)
I feel the pull back will take price down to the $192 area and find support there.
Price may even dip down to $161 to retest it as support. If it did this everything would still be fine.
When coinbase retests support between $161 and $192, then $283 will be its next test.
I feel $283 would be broken because of the way the stochastic rsi is positioned on the WEEKLY and 2 WEEK charts. (weeky stochastic rsi shown) Both are in oversold territory.
The price target after breaking $283 would be between $368 - $450 plus.
I set this target range between the all time high and the previous blow off top.
In the future, when coinbase reaches the yellow box, it should have a short term pull back.
Ideally it should retest the $283 level for several weeks before bouncing up and making another higher high.
I added a red line pattern of what this could look like.
COIN Weekly: Short Opportunity AheadHello Traders,
I’m sharing my latest analysis for COIN on the weekly chart. I've identified three parallel channels that define the price movement over time.
The price initially bounced off the upper boundary of the main (white) channel around $260. Following this, COIN has been moving sideways within a smaller (blue) channel for approximately five months.
The green channel represents the previous uptrend within the main white channel, but as COIN broke out of this channel, it has been consolidating in the blue channel, indicating a period of sideways movement. Currently, the price is at $206, sitting on the middle line of the blue channel.
Given the current setup, I advise a short position on COIN, targeting $120, which aligns with the middle line of the main white channel.
Coinbase (COIN) Shares Drop Below $200Coinbase (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 the Bitcoin ETF launch earlier this year has faded.
Additionally, COIN's share price has been affected by a weak earnings report published on 1st August, where earnings per share fell significantly short of expectations (actual = $0.14 vs forecast = $0.95).
Adding to the negative sentiment is the news that if Kamala Harris wins the US presidential election, current SEC Chair Gary Gensler, known for his sceptical stance on cryptocurrencies, might be appointed as Treasury Secretary.
Technical analysis of the COIN chart indicates that price movements are increasingly forming a descending channel (marked in red), with:
→ Swing extremes forming a series of lower highs and lows. The false breakout at peak C1 relative to peak C can be seen as confirmation of bearish strength.
→ The psychological level of $200, which acted as support in May (during the formation of low B), may now serve as resistance, as only two trading days closed above this mark.
→ Another significant resistance level is $210, which served as support in June before being bearishly broken on 2nd August.
The bearish arguments are concerning. The $200-210 zone, reinforced by the median of the descending channel, could be a major obstacle for bulls.
However, analysts remain optimistic. According to average estimates from TipRanks, the target price for COIN is $259 over the next 12 months (+31% from current levels).
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
COIN bouncing from the 200MA NASDAQ:COIN is currently bouncing from it 200 MA with plenty of room to push higher on the RSI. Commentary has been picking up significantly and crypto and major corporations and Governments Showing great interest in establishing themselves in the crypto world…..With stocks due for another pullback, and September historically being one of the worst months of the year for stocks, I believe this is perfect timing to establish positions with exposure to cryptocurrency…..Let’s see how this plays out!
Drawing HTF Algorithms and Telling a Chart's StoryNot my best video but will definitely be helpful for those looking for a little more direction as to how I draw my algorithms and tell a chart's story -
- Are we being controlled by a bullish liquidity building algorithm?
- Are we respecting a buying continuation?
Multi-time frame analysis is key here if we want to identify the best trade entries - but HTF algos are the key points from which to trade from - those are where the market shows its' intention and moves from.
Please feel free to reach out with any questions or feedback!
Happy Trading :)
Coinbase UpdateThis move off the $161 bottom has seemed corrective to me. I have been saying that ever since it was made. I have also been saying I expect another low before wave ((5)) kicks off. Nothing has changed in my analysis. Yes, we could've bottomed and started wave ((5)) already, but that is my ALT, not my primary. Another drop towards the 1.618 and 0.382 in the $140-$142 area would not only create the OML predicted due to structure, but it would also ideally create positive divergence setting up price for a healthier raise to the next larger target box. This also lines up with crypto needing another drop in price. If I am right, then Coinbase is going to lose around 30% of its current value before raising to the low $300's. If BTC were to lose around 30% of its current value, then that points towards a bottom in the low $40k area.
coin to 250$ soonCoin looks to have made a strong pivot after a downtrend on the mini black monday. BTC also did the same, the stock bounced right off the fib pretty nicely. With this current attempt at the golden fib and a variety of intersecting areas of interest, I expect a push to near the circled area the first week of September.
-The top red resistance line has held strong since inception of the stock publically
-Retaking the purple line would be retaking the channel that was held since last August that was recently lost on earnings and mini black monday
-Taking the teal resistance topside of the channel would promote heavy upward momentum, I expect this in Oct/Nov
COINBASE rebounded on its 1W MA50. Next target = $390Coinbase (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 similar bottoms registered at least +146.82% rallies on the Bullish Legs that followed, so we expect the stock to have a minimum $390 Target, which will also reach the 0.786 Fibonacci Channel level, that is always hit during such rallies.
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Coinbase Remains In The Bullish Trend, So As Crypto MarketCoinbase is making strong and impulsive rally away from the lows, which should be completed by a five-wave bullish cycle from Elliott wave perspective.
We have seen some slow down for the last couple of months, but it looks like a clean wave 4 correction that can send the price higher into a 5th wave later this year.
Considering a positive correlation with the cryptocurrencies, it can also help Crypto market to stay in the bullish trend.
$COIN A Wild Ride with PotentialAlright, thrill-seekers, let's dive into the rollercoaster that is Coinbase's stock chart. Remember, technical analysis is all about the price action, baby! Forget the crypto chatter and macro noise; we're focusing on patterns, trends, and that sweet, sweet volatility.
🎢 The Coinbase Coaster: Buckle Up!
COIN's been wilder than a bull on a skateboard lately. It rocketed from $60 to $190 faster than you can say "crypto moon!" That's a 160% gain, proving that crypto stocks can be even more volatile than the coins themselves. So, strap in tight if you're hopping on this ride - your portfolio's gonna feel those bumps!
📈 Charting the Chaos
Let's break down what we're seeing on the charts:
Bitcoin Boom, Coinbase Soars: When Bitcoin took off in October 2023, Coinbase followed suit, surging a mind-blowing 300% at its peak.
Market Dip, Support Shattered: The recent market tumble sent COIN tumbling 40% in just 10 days, crashing through its trusty trendline support (that sky-blue line).
Fibonacci Flicker: The rebound pushed COIN back above the 0.382 Fibonacci level, but it's still shy of the more crucial 0.618 Fib around $130.
No Man's Land: Right now, COIN's stuck in limbo between those two Fib levels, hanging out at the bottom of its bull flag pattern.
Resistance Ahead: If it manages to climb back above $200, it'll face a tough battle at the $220 resistance zone (that red rectangle).
Dip-Buying Dream?: But, if it keeps sliding, we might see a juicy buying opportunity near the $140-$145 demand zone (mid-green rectangle), which also lines up with the bottom of the flag pattern.
🚀 The Takeaway for Young Investors:
COIN is a high-risk, high-reward play. If you're brave enough to ride the volatility, keep an eye on those key levels. A break above $130 could signal further upside, while a drop towards $140-$145 might be your chance to snag some shares on the cheap.
Remember, technical analysis is just one piece of the puzzle. Do your own research, consider your risk tolerance, and never invest more than you can afford to lose. And most importantly, have fun on this wild crypto ride!
COIN cup and handle 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 jumped to $1.38 billion, largely due to increased trading volumes and the approval of Bitcoin and Ethereum ETFs (Crowdfund Insider).
Regulatory Risks: Ongoing SEC battles could impact growth, but recent ETF approvals are a positive sign (Crowdfund Insider).
COIN is closely correlated with Bitcoin so keep an eye on that as well.
If COIN breaks resistance, it could see strong gains, but keep an eye on regulatory news.
