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4COIN trade ideas

COINBASE Enormous upside from this point. $360 minimum Target.Coinbase (COIN) has staged a strong bullish turnaround since our last analysis (September 09, see chart below) and it appears that we caught the perfect bottom buy: The stock has been trading within a long-term Channel Up since the first week of January 2023 (22 months). Within this time span, it has seen 4 corrections with the latter being the longest as we haven't seen a new High since the week of March 25 2024. The current correction is almost the same (-48.50%) as the January - April 2023 (-47.15%), while the other two have been around -39%. The key for now is to close a 1W candle above both the 1W MA50 (blue trend-line) and the 1D MA50 (red trend-line). That will be the last confirmation for this Bullish Leg. This on its own is a very pessimistic development, with the presence of only the 1W MA100 (green trend-line) remaining to offer support long-term. Now as for the upside, the minimum % rise of a Bullish Leg within this Channel Up has been +146.82% (two times). As a result, as long as the 1W RSI closes this week above its MA trend-line (yellow), a bullish signal that emerged on all previous 4 bottoms of the Channel, we can expect the new Bullish Leg to rise on a minimum +146.82% from its bottom, which gives us a $360.00 Target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:COINLong
by TradingShot
5
Coinbase (COIN) Shares Rise by Approximately 18% in Two DaysCoinbase (COIN) Shares Rise by Approximately 18% in Two Days According to the chart, while trading in cryptocurrency exchange Coinbase (COIN) shares opened around $166 on Friday, yesterday's session closed above $196, marking a price increase of around 18% in just two days. Factors contributing to the sharp rise in Coinbase (COIN) shares include: → Bullish sentiment in the US stock market; → Expectations of strong earnings – Coinbase is set to report its Q3 results to investors on 30 October. According to Zacks analysts, Coinbase Global could post earnings of $0.34 per share this quarter, representing a 3500% increase compared to the same period last year. → A rise in cryptocurrencies. As the BTC/USD chart shows, Bitcoin's price has risen above $65k. Technical analysis of the COIN share chart indicates that in October, the price bounced from the lower boundary of an important channel (shown in blue), which has remained relevant since 2023. This suggests that bulls may be attempting to resume a long-term uptrend. On the other hand, the price may face resistance in the coming days at the psychological level of $200 per COIN share, which was previously a support level (as shown by the first arrow). In late August, bulls struggled to hold above this level (as indicated by the second arrow), emphasising the significance of psychological levels – note the false breakout at $150 on 6 September. According to a TipRanks survey, the average price forecast for COIN shares is $258 over the next 12 months, with 7 out of 15 analysts recommending a buy. 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.
NASDAQ:COIN
by FXOpen
3
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
3
📉 Coinbase Grows 798% | Weekly Structure Break-DownRight now saying COIN or BTC is the same, if you want to know where the market is headed. Where Bitcoin goes, Coinbase follows. Bitcoin is headed lower. We are going to be looking at Coinbase (COIN) on the weekly timeframe. First, we have the classic rounded top pattern, kind of like an inverted cup; we know this pattern to be a top signal. ➖ The week 11-March COIN produced a bearish close. ➖ The two weeks that followed, COIN wicked higher but closed below the 11-March session open, so remaining within this rounded top range. ➖ This week starts full red and works as bearish confirmation of the previous bearish candlestick based signals. ➖ This action is happening around the same level that rejected a recovery back in December 2021; this is strong resistance. ➖ The wave coming from early Jan through March has perfect proportions; This chart structure, price action, marketwide action and signals are pointing toward a correction. 👉 150 Should be an easy target for this correction, don't expect any less. 👉 It can go below 140 but we have to wait and see... The correction can go for many months... Say it only takes two months to hit bottom but it takes 6 months to move back up to current levels. The whole period would be 8 months and for someone bag holding, that would put you only at breakeven. There can be one more leg up, one final jump, more growth and it keeps on going... But this is highly unlikely. There is always the possibility of the market going for more but this is a low probability scenario when we consider the action happening with the other charts. Namaste.
NASDAQ:COINShort
by AlanSantana
28
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
$COINBASE as BTC going UP! 3 targets, let´s see.To continue with my theory, Q4 is from the Cryptos. Q2 and Q3 were stocks, but now is the Crypto moment, and the stocks that will do well in my view are from this sector. In the case of NASDAQ:COIN we have a Breakout on the Daily RSI, about to do so on the weekly, which would give a confirmation. And we need to break the 200 MA for another confirmation. So: Confirmation 1 Breakout MA 200. Confirmation 2 Breakout RSI weekly. Stop Loss: At $154. Targets: T1: $255.78 T2: $317.92 T3: $399.04 Maximum 5% of the portfolio.
NASDAQ:COINLong
by PickleBiit
1
$COIN A better MicroStrategyCoinbase stock appears to be bottoming, making it an attractive buying opportunity. With increasing institutional interest in cryptocurrencies and regulatory clarity on the horizon, Coinbase stands to benefit as a leader in the crypto exchange space. The company’s strong user base, diversified revenue streams, and partnerships with global financial institutions position it for future growth. As Bitcoin and other major cryptocurrencies recover, trading volumes on the platform are likely to increase, boosting revenue. Coinbase’s innovation in decentralized finance (DeFi) and blockchain technologies further enhances its long-term potential, making this an ideal time to invest. Additionally, the case being made for MicroStrategy NASDAQ:MSTR potentially becoming a Bitcoin bank is stronger for Coinbase, as it has business, IT, and regulatory infra for this already in place.
NASDAQ:COINLong
by elwinjoeri
COIN, ready for BULL SEASON - coincindes market trend shift! ↑↑↑COIN is registering massive volume surge this past few days / weeks. The weighty net buying attributed to market's anticipation to both fundamental and technical upside valuation. Price has started shifting notably since it's last 'green' calls on its earnings report last March 2023 where EPS beat by +150% over expectation. Since then the company has experienced a +50% price growth. Monthly histogram is showing seven straight monthly ascend conveying that buyers has started accumulating since the start of the year -- and the current price is being reflected now by the net positive volume. Pricewise, COIN has recorded a downtrend break based on monthly data-- giving us a clue of what's to come. Bubble up volume (bottom indicator) has recorded its 4th straight signal for this year; cementing its intended goal direction: UPSIDE. Spotted at 79.0 TAYOR Safeguard capital always.
NASDAQ:COIN
by JSAL
1
Coinbase UpdateWe still don't have confirmation on the white vs turquoise count. I am beginning to lean towards the turquoise, but the white has yet to be made invalid at this time. I don't have the fibs on, but we're right at the 0.5 retracement fib of the white wave 3. Should price continue higher, then I will revert to the turquoise count. In short, if we move lower from here, we should be targeting the grey box for the conclusion of wave a of (c) of C of (C). If price breaches $173 then I draft the turquoise count, and we should ideally target the upper box in what would be yet another sub-division. This is exactly why it is such a pain in the butt to track corrective patterns. They can be extremely complex creating sub-divisions upon subdivisions within sub-divisions lol. Hopefully soon, we get the clarity we're waiting on.
NASDAQ:COIN
by TSuth
2
COINBASE is looking at a resumption of upsideNASDAQ:COIN forms a larger expanding falling wedge formation and the larger 3-degree corrective structure is likely coming to an end as the ichimoku has shown a strong bullish trend right after the stock breaks above the kumo. The bullish kumo twist gave the best signal for bullish upside. Indicators: Mid-term stochastic oscillator has confirmed the oversold crossover after it breaks above the 20-line. Though the long-term MACD's histogram is negative, but the crossover at the zero line shows potential resumption to the upside. Both the Directional movement index and 23-period ROC shows returning bullish strength and momentum. Buy spot or buy at dip if there's a correction. Between 166.82-150.09.
NASDAQ:COINLong
by William-trading
COINBASE: Be ready to buy if it crosses the 1D MA50. Target $360Coinbase is neutral on its 1D technical outlook (RSI = 46.702, MACD = -4.680, ADX = 25.125) as after last Friday's (Sep 27th) rejection on the 1D MA50, it hit the bottom of the long term Channel Up and is consolidating. In similar instances inside this pattern, such consolidation was the formation of the new bottom of the Channel. A bullish divergence on the 1D RSI usually accompanies this formation, which is what we have now also. Consequently, if the price crosses over the 1D MA50 now, it will be the trigger buy signal. The target may be a minimum of +144.73% rise (TP = 360), as all prior rallies achieved at least this rise. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:COINLong
by InvestingScope
2
COIN Technical Analysis: Wave (4) Correction Nearing CompletionTechnical analysis chart of the cryptocurrency "COIN" using Elliott Wave Theory. Elliott Wave Theory is a technical analysis method that suggests that financial markets move in predictable patterns based on a series of five waves. The information provided in this post is for educational purposes only and should not be considered as financial advice. There is a risk of being completely wrong, and users are warned not to trade or invest solely based on this study. The content is not an advisory and does not guarantee profits. We are not responsible for any kind of profits and losses; individuals should consult a financial advisor before making any trading or investment decisions. Based on the chart, we had identified a potential impulse wave pattern from January 2023 to the present. An impulse wave pattern consists of five waves, with each wave labeled (1), (2), (3), (4), and (5). Wave (1): This is the first wave in the impulse pattern and is typically a strong upward trend. In this case, wave (1) appears to have run from the low near 31-32 to a high near 114. Wave (2): This is a corrective wave that moves in the opposite direction of wave (1). It is typically a retracement of wave (1), but it can also extend beyond the starting point of wave (1). Wave (2) appears to have run from the high near 114 to a low near 69. Wave (3): This is the second wave in the impulse pattern and is typically a strongest upward trend that extends most of times. Wave (3) given move from 69 to 283 Wave (4): This is a corrective wave that moves in the opposite direction of wave (3). It is typically a retracement of wave (3). Wave (4) is currently in progress, but at verge of completion now any time. Wave (5): This is the final wave in the impulse pattern and is typically a strong upward trend that completes the pattern. Wave (5) is expected to start soon and could potentially reach the levels of 300 plus. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NASDAQ:COINLong
by RK_Chaarts