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COINBASE GLOBAL INCOINBASE GLOBAL INCOINBASE GLOBAL IN

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Coinbase (COIN) AnalysisCompany Overview: Coinbase NASDAQ:COIN is one of the largest and most recognized cryptocurrency exchanges globally, offering a wide range of services, from retail trading to institutional crypto solutions. The company has focused on strengthening its position in the crypto ecosystem by targeting both retail and institutional investors. Key Developments: Institutional Adoption & BlackRock Partnership: Coinbase’s strategic partnership with BlackRock allows Aladdin clients to access cryptocurrency trading and custody services via Coinbase Prime, which caters to institutional investors. This partnership has the potential to drive significant institutional capital into the platform, thereby increasing transaction volumes and boosting revenue. Diversification Efforts: Coinbase has successfully reduced its dependence on trading fees by growing its subscription and services revenue, which saw a 34% year-over-year increase in Q2 2023. This revenue diversification helps mitigate the impact of the volatile trading environment often seen in the cryptocurrency space. Regulatory Compliance: With regulatory scrutiny tightening across the crypto industry, Coinbase’s strong focus on compliance gives it a competitive advantage. As regulatory hurdles increase, the company is likely to capture market share from less compliant competitors, positioning itself as a trusted platform in an evolving regulatory landscape. Product Innovation: Coinbase continues to innovate with new offerings like the Ethereum layer-2 network and enhanced staking services. These product launches not only enhance Coinbase’s competitive edge but also position the company well for future growth in decentralized finance (DeFi) and staking markets. Investment Outlook: Bullish Outlook: We are bullish on COIN above the $180.00-$185.00 range, driven by institutional adoption, diversification of revenue streams, and strong regulatory positioning. Upside Potential: Our price target for Coinbase is set at $370.00-$375.00, reflecting its potential to capture more institutional market share and sustain growth through innovative product offerings. 🚀 COIN—Leading the Way in Institutional Crypto Adoption! #CryptoInnovation #InstitutionalAdoption #CryptoCompliance
NASDAQ:COINLong
by Richtv_official
Coinbase UpdateFriday price saw a move higher just to fall back down. This is either the start of our b wave in a miniscule wave a, or it is wave 4 within the subminuette a wave. It is too early to tell yet, but we can look for clues to guide us in the near term. If we can manage to make another low, it should be minimal and would mean the turquoise count prevailed. Minus a new minimal low being carved out, I anticipate we move higher to the smaller target box above. That would constitute the subminuette b wave. Remember B waves of any degree are unpredictable and aren't required to move that high. That is just the STANDARD place for price to terminate before heading back down. One last thing, the abc pattern of one larger degree has the 1.0 down @ $120.33. Does this mean we will head there for our final move down? It is very possible and something that needs to be watched. One key ingredient to this will be how high this next subminuette b wave raises to. The next levels of fibs created by this move higher will help give clarity / guide us. Don't forget though, Big count is King.
NASDAQ:COIN
by TSuth
6
COINBASE | COIN & SECCoinbase shares are up 35% since the SEC sued the crypto exchange for allegedly selling unregistered securities But Coinbase stock has bounced back, rising some 35% after dropping to a low of about $50 on the day that the SEC sued the U.S.’s largest crypto exchange. As of Wednesday morning, shares were trading near $70, and the publicly traded company’s market capitalization has risen to about $16.5 billion. The resurgence of Coinbase mirrors the broader boomerang of the crypto market in June, riding a Wall Streetfueled fever for Bitcoin that has lifted other cryptocurrencies and injected optimism into an industry that was reeling from a battery of enforcement from the federal government. The Coinbase stock has been rallying, the price of Bitcoin has been rallying, and then these two things usually play off of each other. Specifically, Bitcoin’s resurgence is tied to BlackRock’s recent filing of an application for Bitcoin spot exchange-traded fund, a surprising vote of confidence from the US.’s largest asset manager in the world’s largest cryptocurrency by market capitalization. Shortly after BlackRock’s application became public, the price of Bitcoin soared, notching its highest price in more than a year as a slew of other asset managers filed applications for Bitcoin spot ETFs, potentially opening up the cryptocurrency to trillions in dollars from brokerage accounts and pension funds. And where Bitcoin goes, so goes the broader market, as the total market capitalization of all cryptocurrencies jumped from just about $1 trillion to now about $1.17 trillion. BlackRock’s ETF filing was not only a vote of confidence in Bitcoin but also Coinbase. Its application listed the publicly traded crypto exchange as the custodian for holding the trust’s underlying Bitcoin. For them to continue and list Coinbase as a custodian for their ETF was a strong signal that these SEC allegations are not that big of a deal I think the market is telling us…the worst is behind us, as far as U.S. regulatory crackdown is concerned
NASDAQ:COIN
by moonypto
6
COIN - Correction Complete + iH&SHaving had such a strong rally I somewhat lost interest in Coinbase but it does look like a great entry is on in this area to buy a solid trending crypto stock. Coinbase had quite a dump yesterday and so this is potentially a dip buy here. As we have been looking at, the slightly lower low looks very much like Wyckoff accumulation and now with yesterday's dump, a bullish Inverted Head & Shoulders may be completing here. And that slightly lower low would be the Head which completes a 3 wave correction from March top. So it looks a nice momentum buy in this area with not too much downside risk. If Bitcoin slumps again it may get back to support; so from here to support @ $161 is the buy zone. I have bought some here with long term view 👍.
NASDAQ:COINLong
by dRends35
2
COIN: The Last Winner or the First Loser? NASDAQ:COIN Hello, everyone! I’d like to share my technical outlook on the current position of COIN. Weekly Analysis: 1. Momentum Indicators: On the weekly chart, COIN is gradually exiting oversold territory, indicated by the Relative Strength Index (RSI) and Stochastic Oscillator. This steady, controlled shift suggests a potential shift in momentum towards bullish sentiment. 2. Bullish Falling Wedge: A reversal pattern in the form of a bullish falling wedge has also emerged on the weekly chart. This pattern is typically a sign of trend reversal and implies potential upward movement if confirmed by a breakout above resistance. 3. MACD Histogram: The Moving Average Convergence Divergence (MACD) histogram is moving upward, transitioning out of the downtrend. This shift in momentum aligns with the signals from the RSI and Stochastic, further reinforcing a potential bullish reversal. Monthly Analysis: 4. Fibonacci Levels: On the monthly chart, COIN is holding above the $182 support level, which is key from a Fibonacci retracement perspective. Maintaining this level supports the likelihood of a sustained upward trend. 5. Tri Star Reversal Pattern: A Tri Star reversal pattern may be forming on the monthly chart. While traditionally consisting of three stars, even a two-star formation in this context signals a potential reversal. Summary: Taking all these factors into account, I consider it reasonable to open a long position in COIN, with a target price of $390 by the end of February 2025. This target aligns with resistance levels observed on higher time frames and with the broader bullish technical picture emerging in COIN’s momentum indicators and price action. Disclaimer: This analysis reflects my personal opinion and is provided for informational purposes only. It is not intended as financial advice or an investment recommendation.
NASDAQ:COINLong
by NORD25
1
Coinbase Double Lower High: Bitcoin, The DXY & EthereumCoinbase's highest volume came in July 2023. In Elliot Wave terms, this would mark the end of the third wave. The move from October 2023 through March 2024 would be the fifth and last wave of a bullish impulse. In this wave, trading volume is lower compared to the previous one. Good afternoon my fellow trader, Coinbase and Bitcoin move together with some slight variations. If Bitcoin is bullish, Coinbase is bullish. If Coinbase is bullish, Bitcoin is bullish. If Bitcoin turns bearish, Coinbase turns bearish. If Coinbase (COIN) is showing bearish signals and the potential to move lower, it means that Bitcoin is in the same situation. March 2024 marks the peak of the bullish impulse that started after the late December 2022 low, and in July 2024 we get the first and main lower high. Notice how in October, this month, we get a second and much lower lower high compared to July. The bearish bias and potential is confirmed based on these simple signals.' Coinbase (COIN) is set to continue lower as long as it trades below the 22-Jul-2024 peak price. A new drop would mean a lower low based on the lower high. Bitcoin, Ethereum and some other of the Crypto-giants are in the same situation. The DXY is utra-bullish and this is bearish for Bitcoin and Coinbase. Namaste.
NASDAQ:COINShort
by MasterAnanda
9
COINBASE Can it recover from yet another earnings miss?Coinbase / COIN reported today earnings that missed their estimates (EPS at 0.28 against 0.45 and Revenue at 1.2B against 1.25B) and dropped more than -5% in after hours trading. This is the second seccessive earnings miss for the company. Despite yet another misfire, we believe the exchange can recovery from it, purely from a technical standpoint. Since the January 2023 bottom, it has maintained a Channel Up. During that pattern, every 1week MACD Bullish Cross formation was a strong buy opportunity, signaling the start of a bullish leg. By the end of this week, the 1week MACD should complete a Bullish Cross. As the price held the Rising Support and is climbing, we see no reason that can alter the new bullish leg. The shortest bullish leg on this Channel Up was +146.79% and another such 'bad case scenario' will almost test Resistance A. Our target is just under it at 360.00. Follow us, like the idea and leave a comment below!!
NASDAQ:COINLong
by TheCryptagon
COINBASE Surges as Bitcoin Breaks $71,000! Next Price Target?Analysis of Coinbase (COIN) - 15m Timeframe Trade Setup: Coinbase has shown a significant uptick as Bitcoin surged past the $71,000 mark, triggering a bullish entry point at $214.90. Volume and Momentum: Current trading volume stands at 10.46M, surpassing the 30-day average of 9.32M, signaling strong interest and momentum. Technical Levels: Entry: $214.90 Target 1 (TP1): $221.45 Target 2 (TP2): $232.06 Target 3 (TP3): $242.66 Target 4 (TP4): $249.21 Stop Loss (SL): $209.60 Catalyst: Bitcoin’s recent price surge has positively influenced Coinbase’s stock, aligning with its correlation to crypto trends. The upcoming earnings report in 2 days may add further volatility, providing potential upside if positive results are announced. Conclusion: This entry marks an opportune moment to capitalize on Coinbase's rally tied to Bitcoin’s performance. Traders should watch the earnings announcement closely as it could propel the stock further, potentially reaching the set targets.
NASDAQ:COINLong
by ProfitsNinja
2
Coin update (and conl)We are going to experience a VERY volatile week here. We have a huge earnings week with massive growth and value companies on the list including coin, hood, alphabet, amazon and meta. The week leading into an election is also usually very volatile and ridden with fear. I still expect Coin to take off here, with the positioning of BTC closing a full weekly candle body above the breakout zone with an open stochastic RSI I am very bullish. The daily has already cooled off so another leg is very possible here. My plan: I will likely buy CONL shares tomorrow for this setup to gain immediate exposure, I will wait to see how this plays out, if we get a really red setup I will sell CONL puts. If we really pump hard I will sell covered calls on my CONL shares. I believe we approach this zone I have marked in little time testing the long-term resistance again.
NASDAQ:COINLong
by Apollo_21mil
$coin yieahhyieahh cup and handle? massive full flag? I don't have a clue on what it is and don't care. This looks very very very very nice. RSI crossover and about to retest the 50 RSI and SMA on the weekly. MACD about to cross the weekly. Top of the downtrend channel is my biggest worry, can still touch the dotted green line if it loses its price 50 SMA, we need a strong week to break over. If I was risk averse I would wait after a break and retest, but you know the FOMO is too too much, especially with earnings week coming up. good luck yieahhh
NASDAQ:COINLong
by rubfigue
2
COINBASE Bears in Control: More Downside Likely!COINBASE Short Trade Technical Analysis: Coinbase Global on the 15-minute timeframe shows a strong short trade setup, with TP1 already hit. The stock is trading below the Risological dotted trendline, reinforcing the bearish sentiment. Key Levels: Entry: 207.12 Stop Loss (SL): 213.68 Target 1 (TP1): 199.00 (Done) Target 2 (TP2): 185.87 Target 3 (TP3): 172.74 Target 4 (TP4): 164.62 Observations: The price remains under significant selling pressure, evident by its inability to recover above the Risological dotted trendline. With increasing volume on the down moves and resistance holding strong, the continuation of the downtrend appears highly likely. The structure suggests more downside as sellers maintain control, and buyers struggle to regain any meaningful momentum. Coinbase Global continues to look bearish after TP1, and the price action is aligned for further declines. Keep an eye on the lower targets as they are within reach, supported by the clear downward trend and weak buying attempts!
NASDAQ:COINShort
by ProfitsNinja
Coinbase (COIN): Strong push ahead after Bitcoin surge!After our last analysis on NASDAQ:COIN two months ago, we saw another leg down into the golden pocket and the imbalances we were watching. These got partially filled, reaching around 50%, which provided the necessary strength for a push higher. This recent jump is largely due to Bitcoin's rise over the past weeks, as Coinbase, being a major holder of Bitcoin, has directly benefited from this positive development. This surge was strong enough to invalidate the bearish trend on the higher time frame, confirming that a bullish sequence is now in play. The biggest and closest resistance ahead is the VAH (Volume Area High) traded since November 2023. With the RSI currently overbought and showing a bearish divergence, a pullback could be on the horizon. However, we aren't too concerned about this unless the price drops below $160.50. The bullish outlook will only be invalidated if it dips under $145. One thing to note about NASDAQ:COIN is its heavy correlation with Bitcoin, which introduces more volatility. The crypto market is also playing a key role in the U.S. elections, with both Trump and Harris addressing the sector. This could provide some tailwinds for Coinbase in the future. In terms of the broader outlook, the potential wave ((iii)) could see a rise toward $263-$323, though this will take time to unfold. Given the market dynamics, it's better to remain cautious, but the setup looks promising. Overall, we continue to monitor NASDAQ:COIN closely, but we are more inclined to invest in Bitcoin itself due to the inherent correlation and volatility with the stock.
NASDAQ:COINLong
by freeguy_by_wmc
Coinbase UpdateI haven't been posting the micros lately because it is so easy to get lost in the weeds. I know I have some of you that prefer to break these counts down to learn though so I thought I would add the micro chart on this post. This is the 15min chart, and as you can see, price appears to be moving in a 3-wave pattern. Starting on 06 Sept price chopped higher in a double zigzag pattern for the sub-minuette a. This was followed by a 3-wave move lower that I have labeled as the b wave. Since then, we have risen with strength which represents the c wave of this pattern higher. This sub-minuette abc pattern makes up what I am now calling the minor B wave. Our target for the termination of this pattern is the 0.618-0.786 @ $214.77-$238.48. Looking at MACD, you can see we're creating a new local high on negative divergence. This signifies that the pattern is running out of steam. I think it a high possibility that price continues raising to the target box and begins to chop creating a couple new local highs all while carving out greater neg div. This will set the pattern up to move lower again. One thing to remember with corrective patterns is they can continue creating more and more sub-divisions. Just when you think it should be the last sub-division another one comes along. This change in the structure doesn't invalidate the overall pattern. All it means is that price is taking a different road to our final target. That target area remains $143-$126 and I see no reason to think price won't end up consolidating in that area.
NASDAQ:COIN
by TSuth
Coinbase Surges! Long Trade Hits All Targets – Bulls Drive GainsCoinbase has shown strong bullish momentum since the long entry at 168.72 on 11th October, reaching all designated profit targets. Key Levels Entry: 168.72 – The long trade was initiated at this level, supported by a bullish breakout. Stop-Loss (SL): 165.30 – Positioned below recent support to manage risk and guard against downside movement. Take Profit 1 (TP1): 172.93 – The first target was hit, confirming the strength of the upward move. Take Profit 2 (TP2): 179.76 – Continued buying pressure led to this level being reached. Take Profit 3 (TP3): 186.59 – The bullish momentum carried the price to this target. Take Profit 4 (TP4): 190.81 – The final profit target, signaling a successful trade completion. Trend Analysis The price remains well above the Risological Dotted trendline, affirming the strong uptrend. The sustained upward movement indicates solid market sentiment, which has driven the price through all target levels. The long trade on Coinbase has been highly successful, with all targets hit and the final level at 190.81 achieved. The trade's success showcases the power of the Risological Dotted trendline in guiding bullish entries and exits.
NASDAQ:COINLong
by ProfitsNinja
2