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
1QZ trade ideas
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
COIN Coinbase: Where Is It Headed?Hello friends, today you can review the technical analysis on a 1D linear scale chart for Coinbase Global, Inc. (COIN), a stock traded on the Nasdaq exchange.
Please review the chart as it is self explanatory. The overall pattern is a bearish one so there is concern for potential downside.
Also noted in the chart: Volume, Support and Resistance Lines, RSI (relative strength index), MACD, and Fibonacci Retracement.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Have you read my recent Bitcoin chart and analysis on finding the bottom. See below:
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COIN 1D Chart - At ResistanceToday you can review the technical analysis idea on a 1D linear scale chart for Coinbase Global, Inc (COIN).
Coinbase price is around the major support and resistance line and has the possibility to head lower. Price target is $17-19. If price moves higher, it could go as high as $85-87. I am not confident of the price heading much higher. Including in the chart is Volume and Keltner Channels.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
COIN vs BTC vs VIX vs BTC MinerCOIN broke a 5month swing low.
COIN is strongly correlated with BTC and by consequence the entire cryptomarket.
COIN starts downward trending when VIX values increase.
Currently VIX is printing his lowest values of the year.
Everything is setup for strong downward move in coming weeks.
Jade Lizard Trade Idea for a 1/20 ExpirationA 'Jade Lizard' trade involves selling a short put and call credit spread such that the premium of the short put covers the max loss of the call credit spread (and then some). The result is no risk to upside.
COIN is down 87% (!!) on the year.
I'm not convinced enough to take this trade just yet but will decide in the next couple days.
The timeframe is 30 days and with the holidays, the new year, the congressional turnover, etc., I don't think much is going to transpire one way or another. This is a neutral trade idea that should be a good fit for this exact sort of stagnated short-term circumstance.
+1 $41.5 long call 1/20.
-1 $40.5 short call 1/20.
-1 $30 short put 1/20.
Credit of around $183 at time of order execution.
1) Ideally the price will be under $40.5 and over $30 on 1/20. RESULT = credit of $183 confirmed.
2) If the price is ABOVE $41.5, then the call credit spread will need to be closed for max loss of around $100. RESULT = total profit $83. <--short $40.5 call will need to be closed if price is anywhere over $40.5 on 1/20.
3) If the price is below $30 on expiration the put will be assigned and 100 shares of coin will need to be purchased at an average cost of $28.17 per share ($3,000 - $183). Selling calls at strikes >$28 will be the next logical step until assignment and shares sold.
Shares of Coinbase underperform vs. cryptocurrency marketSince our previous article on Coinbase, the price of shares has drifted to new lows before staging a rebound. Currently, the price hovers around 35.6$, which is down more than 91% from its all-time high value in 2021. With many structural problems in the cryptocurrency market, we doubt the stock will reverse the primary downtrend anytime soon. Thus, after the relief ceases, we expect Coinbase to retest its recent lows.
Illustration 1.01
Illustration 1.01 shows an astounding decline of more than 90% in the value of Coinbase stock from its all-time-high value in 2021.
Technical analysis
Daily time frame = Bearish
Weekly time frame = Bearish
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
#COIN - #COINBASE final low targeting the teens :(A measured percentage move indicates
a few more months of capitulatory action
As we saw earlier in the year
#crypto equities have been good leading indicator for #BTC and the crypto space
$COIN hit very precisely my short target at $62 Last time a warned you about the coming crash... And $COIN seems to have followed my chart with great precision (see my previous TA, 100% profit)
What next?
$COIN going to drop to $45 (med term), could have a small bounce to $75 before it drop to $45
from $45 it probably going to bounce to $60.
Long term short target is $13 if it fall bellow $45 🔥
Coin Trading PlanHi all,
Coin has been trading in descending channel since May. With the current market condition and the chart set up, I'm planning to take a long position on COIN around 28$ range.
In the No Support ZoneCOIN will have to form new support.
This just does not look bullish to me at all right now.
This would usually be a basing pattern like a rectangle or a triangle.
FTX's owner was paying politicians, ripped a bunch of folks off, and none of this is helping.
I own some crypto, not a lot anymore but it is with this company and I trust them. I have owned it for over 20 years.
I am not selling what I have left and will weather this storm. I am one of the folks that think this will come back one day so I will hang with what I have not sold.
Things change. This I know.
Crypto is moving with the market. Many would question holding a "stock" right now as well.
C did not catch this. Almost did but no cigar.
Almost only counts in horseshoes and hand grenades )o:
No recommendation except refrain from going long on crypto or COIN right now (o:
Jim does not like COIN anymoreJim like $COIN at 350 and mentioned it will hit his 475$ target. Now, he says it is too early to buy at 38$.Observing Jim's mad money trend and hoping inverse plays out.
Coinbase, another rotting apple? Throughout the year, we watched numerous cryptocurrency institutions go down in flames amid an unprecedented bear market. We mentioned Celsius Network, CoinFlex, Voyager, and, of course, FTX, among some other names. With many bad apples out of business, it is time to look at the remaining market players like Coinbase.
The company reported a loss of $544.64 mil. for the third quarter of 2022, which follows a $1.09 bn. loss in the second quarter and $429.66 mil. in the first quarter. The total loss for the nine months of 2022 exceeds $1.98 bn., reflecting a big blow to the company with $111.16 bn. in total assets and $105.54 bn. in total liabilities (as of 30th September 2022).
Furthermore, the company disclosed a staggering decline in trading volume from $327 bn. to $159 bn. (YoY) in the third quarter of 2022 (down from a peak of $547 bn. in Q4 2021). In our view, these are significant issues the company is facing. Indeed, we believe they will get exacerbated with the FED raising rates and regulatory scrutiny. As a result, we are very bearish on Coinbase and expect it to continue much lower, potentially facing the risk of significant problems with liquidity.
Illustration 1.01
A high correlation between cryptocurrency prices and Coinbase will continue to threaten the company's well-being.
Technical analysis
Daily time frame = Bearish
Weekly time frame = Bearish
Illustration 1.02
The yellow arrow shows a new yearly low at 39.65$.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Coinbase Global, Inc. (COIN) Looks Terrible, Losses SupportThe low for Coinbase (COIN) was set back in 12-May 2022 at $40.83.
Today, 193 days later, COIN losses this support and a new low is hit.
The volume profile spells doom for this stock.
We can see strong bear volume and weak bull volume as this new low is being hit.
Everything is about to speed up...
We can expect bottom searching on the next drop.
CHANGE
COIN needs to move and close above $50 or EMA10 for the bulls to be back in the game.
Namaste.
The Crypto Battle Royal Draws to a ConclusionThis story about crypto started about 2 years ago.
It starts with an idea about why Blackouts in Xinjiang were linked to crypto problems in China.
The idea was that bitcoin was going to solve inequality and be free from government manipulation.
What could be more opposite to what China wants.
The cost? A surge in energy and semiconductor demand unlike anything thought possible at the time.
China gave us the first indication the cost was to much to sustain and exited the ring for who would control bitcoin.
The next to leave the ring were popular dollar pegs.
It wasn't long before wall street got involved in the fight by taking Coinbase public along with ETFs and enough dumb money to bankrupt a country.
I stood up on my soapbox (Trading View ❤️) and shouted what I knew to be inevitable.
But at the time, nobody was listening. The stock market and crypto went into a spiral downward in harmonic correlation.
Finally after 2 years and several criminal masterminds identified by MSM.
translation = SBF is about as solely responsible for crypto collapse as Madoff was or Kareem Serageldin.
I thought this story would end with Bitcoin dying completely.
But then I noticed players like TastyTrades stepping into crypto ring and thought to myself maybe there is a chapter 2 to this story.
I think there is a lot more legitimacy to digital currency now that players like TastyTrades are entering at this particular time.
I could be wrong on this one, but I'm leaning risk on by buying Coinbase here.
Feel free to leave hate mail below in the comments 👇👇
COIN New Trade > Naked Put
New Trade $COIN
Naked Put
Strike $22.5
Premium $0.53 x 3 contract = $159.00
Adding to the previous contracts Strikes 25 for a total credit of $557.00
