Bottom is in IMHO - Long term bullish COIN game plan # **Coinbase (COIN) – Technical Analysis**
## **Current Market Overview**
- **Price:** $214.17
- **Trend:** Bullish within an **ascending channel**
- **Support Zone:** $200 - $205 (Trendline Support)
- **Resistance Levels:**
- **Short-Term:** $230 - $240
- **Mid-Term:** $270
- **Long-Term:** $300+
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## **Chart Patterns & Indicators**
### **1. Ascending Channel**
- Price is **respecting the lower trendline**, indicating a potential bounce.
- **Holding above the trendline** supports a continuation towards $270+.
### **2. Stochastic RSI – Oversold**
- Deeply oversold **(below 20)**, signaling potential upward momentum.
- Historically, price has bounced after hitting this level.
### **3. Volume & Confirmation**
- Need a **break above $230 with volume** to confirm upside strength.
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## **Trade Plan & Price Targets**
### **Short-Term (1-2 weeks)**
- **Bias:** Bullish
- **Entry Zone:** $210 - $215
- **Stop Loss:** Below $200 (trendline break invalidates setup)
- **Target 1:** $230 (resistance level)
- **Target 2:** $240 (next key level)
### **Near-Term (1-3 months)**
- **Bias:** Bullish
- **Price Target:** $270 (upper range of channel)
- **Risk:** Medium (watch for rejection at $230)
### **Long-Term (6-12 months)**
- **Bias:** Strongly Bullish
- **Target 1:** $300 (upper trendline resistance)
- **Target 2:** $350+ (breakout scenario)
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## **Risk Considerations**
- A **break below $200 invalidates** the setup.
- Macro conditions and crypto market correlation **impact price action**.
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### **Final Thesis**
✅ **Bullish continuation likely if price holds $205-$210.**
🚀 **Breakout above $230 needed for strong upward momentum.**
⚠️ **Break below $200 = potential trend shift, bearish risk.**
