Nothing about this looks bullish to meI don't see anything in the chart that makes me want to buy Coinbase. If it broke above $65 in a larger time frame it might be a good trade. But, until then, i think lower.
COIN trade ideas
COIN at an accumulation spotZach J said "COIN published their proof of funds" and people feel better about it. Also, they have "survived" all of the debaucheries in the industry and sector. I have said for a LONG time, this is one of the 'few I trust' and one of 2 I have ever put $$ into. This and Kraken... :-)
I have accumulated the whole time we have been in the golden boxThere are roughly 45 million shares of coinbase sold short right now, average daily volume appears to be 300k shares. Good luck closing your shorts boys.
Prisoner dilemma in effect. Shorts should all co-operate, but instead they will look out for their own best interest. the ones to close first will lose the least, and this will cascade into an epic squeeze.
I have to thank these guys, for giving me such low prices on this beautiful stock which will be making money hand over fist with LSD's / USDC / NFT / DEFI / Trading fees.
Its been difficult to stay the course, but it should all be worth it soon.
Thanks you everyone for reading, and happy new bull year.
COIN will dump- short it now Coinbase stock is ready to drop .
Stoch indicator shows an overbought conditions.
The price faked out a little bit above the resistance trendline, but it got rejected from an upper boundary of the Bollinger bands.
Expecting a nice drop.
Target: 31,40 $ which would be a lower boundary of the BB.
Good luck
coinbase seems like a great long term investmentat any rate the odds we come up to fail the $36 region, set a higher low and move higher seem likely. monthly is oversold diverging.
Coin (Coinbase)Ultimate target around $16 (IMO)
Fib 1.618. + target of the pole (Bear)
Time will tell
And like always what a lot of people are forgetten.
PATIENCE IS AND WILL BE THE KEY
COINCOIN has already hit its all-time low a couple weeks ago, there is a gap fill from Pre market of the 28th, I expect that to fill but not right away. If we hold above YC then I want to see us test yesterdays high. If we can hold above yesterdays high then my targets would be 36.73, 38.03, 39.31. If it doesnt hold yesterday's high could potenital play puts from YH down to YO(first take profit) YL(second take profit). If we see a sell off and then I would want it to hold below YO then looking for YL for first take profit, then I would want to see the gap to fill.
December Gainers (COIN, account up 1%)1st gainer in December is COIN . Holding period is 0 days (12/20/22-12/20/22). Account up 1%.
This month till today, my account is up 1%, average holding period is 0 days.
My trading method is mostly short term and is independent of market swings.
Will keep updating on my trades.
Coinbase - small bounce before the dump (1h timeframe trade)The price moves in the channel .
At the moment the double bottom pattern on 1h timeframe is valid and we expect the push up towards the downsloping resistance line . After that, we should see one more dump before we reach 'aggresive' target from Head and shoulders that we identified some time ago:
Conservative target was already reached.
You can long it now or short it at the resistance.
Targets are shown on the chart
Good luck
COIN - Day ChartBullish Indicator:
1- Morning Star
2- Established Support @ 32
3- Trendline Broken
4- AB = CD
5- Timecycle for a downtrend is almost 24 days
6- No Divergence formed
Coinbase stock will follow Bitcoin?Bitcoin broke the key level which it held for many months.
Yesterday Coinbase´s price bounced from the key support however we expect that Coinbase stock will follow Bitcoin´s path therefore getting rejected from the resistance (red line) wouldn´t be surprising.
According to technical analysis, support which is tested more times is more likely to break down.
If the price retests the support at 45 $ again, we believe that it will break and from there the price will drop to $16 - $ 20 which could be a bottom. It´s also a 1,618 fib extension.
Sentiment in cryptocurrency market is mega bearish therefore it´s likely that coinbase´s price as a crypto firm will continue decreasing.
Stay safe.
"Cryptocurrency Turmoil: The Ups and Downs of Coinbase and Other"Cryptocurrency Turmoil: The Ups and Downs of Coinbase and Other Digital Asset Companies"
Coinbase is a company that helps people buy and sell digital coins called cryptocurrencies. It became a public company in April 2021 and was worth a lot of money at the time. But lately, the value of cryptocurrencies has been changing a lot and it's made it hard for Coinbase to make as much money as it used to. Another company that helps people trade cryptocurrencies, called FTX, had to close down because it was having financial problems. This made people worried about investing in cryptocurrencies and caused the value to go up and down more than usual. Some people try to make money by betting that the value of a company's stock will go down, and they're called short sellers. They've been trying to make money by betting that Coinbase's stock will go down, and they've had some success because the stock has gone down a lot this year. Other companies that are related to cryptocurrencies have also seen their stock go down and have had more short sellers trying to make money off of them. There is a tool that helps people see how much demand there is for borrowing a company's stock to sell it, and it's called "utilization." Utilization for Coinbase has gone up recently because more people are trying to borrow its stock to sell it. Short sellers have to pay a fee to borrow the stock, and this fee has gone up a lot for Coinbase recently. There are also other companies, like MicroStrategy and Marathon Digital Holdings, that have seen their stock go down and have had more short sellers trying to make money off of them. The fees to borrow their stock have also gone up.
COIN-New 52 Week Low!COIN recently made a new 52 week low!
A descending triangle pattern was identified on the daily chart. Price broke below the lower trendline of the pattern.
Also, a falling wedge pattern was identified on the one hour chart. COIN traded in a tight range Friday and closed in the supply zone .
MrALtrades00
Coinbase comes in at $30 🐻❓🐂 On both the weekly and daily charts, the Stochastic Momentum Index (SMI) oscillator is in an interesting buy region.
📈 Daily chart:
On the daily chart, there was a 🐻🔫 bear trap signal.
I think a possible target is at $41.89.
In this troubled region marked in the yellow rectangle, there will be a window of opportunity for 📉 shorts, with a target of $30.
⚡Volatility contraction
📈 Weekly chart:
📈 Daily chart:
The 21-period normalized ATR indicator on both the daily and weekly charts is showing a contraction in volatility.
Touching the 21 average with the possible breakout could signal a strong move, independent of direction.
Coinbase - head and shoulders pattern (NEW)What we can see on the chart is a potential head and shoulders pattern forming.
Currently the price might be forming the right shoulder.
If this pattern were to form itself fully , we will be looking for a break down with a volume surge.
The target from this formation would be around $32.
If you enter short position, remember to put a stop loss which could be placed above the head of the pattern.
Now let's see what we're gonna get.
Good luck
