COIN RevisedSomething didn't feel right about my last analysis so here is an alternative view! I am sticking to this for now and buying at $248 if we get there. If this plays out, final target is likely above MIL:1K
4COIN trade ideas
Crypto Stonks Are Booming! Top Crypto Stocks to Watch NowFrom Memecoins to Mega Stocks
While crypto traders have been focused on finding the next big memecoins like Doge , crypto-related stocks have also been performing well this year. In today’s analysis, we’ll dive into some crypto related stocks you might want to keep an eye on
1. Coinbase ( NASDAQ:COIN )
First on our list is Coinbase, the top US crypto exchange with a market cap of $48 billion. Since its IPO in April 2021, Coinbase has gained a reputation as a trusted exchange known for its regulatory compliance.
Besides its exchange services, Coinbase offers a self custody wallet popular among the crypto community, with over 10 million downloads. In February 2023, Coinbase launched its own layer 2 blockchain, Base , which has since recorded over $1 billion in total value locked and averages daily transaction volumes of over $400 million.
Coinbase has also played a part in advancing spot Bitcoin ETF approvals, forming a surveillance-sharing agreement with the Chicago Board Options Exchange in July 2023. Additionally, Coinbase partnered with **Stripe** in June to boost the global adoption of USDC. This partnership enables crypto payouts and a fiat-to-crypto onramp, making it easier for users to buy crypto with credit cards and Apple Pay through Coinbase Wallet. Coin is up over 350% since our first signal
2. MicroStrategy ( NASDAQ:MSTR )
Next up is MicroStrategy, with a market cap of $26 billion. Known for its business analytics software, cloud services, and AI-powered analytics, MicroStrategy is more famous for its Bitcoin holdings, driven by the advocacy of Executive Chairman Michael Saylor.
Under Saylor's leadership, MicroStrategy became the first public company to adopt Bitcoin as a strategic investment in August 2020, citing its potential as a store of value. The company accumulated over 121,000 BTC by late 2021 and continued adding to its holdings, despite price volatility and leverage risks. As of 2024, MicroStrategy’s Bitcoin holdings have reached 226,500 BTC, and the company’s stock hit new all time highs, demonstrating its strong correlation with Bitcoin's performance. Mstr is 100% up since our first signal
3. Block ( NYSE:SQ )
Formerly known as Square, Block is a fintech company founded by Jack Dorsey and Jim McKelvey, with a market cap of $38 billion. Starting with small-business payment solutions like Square POS, Block launched **Cash App** in 2013 to provide a user-friendly platform for consumers, competing with services like PayPal and Venmo.
Cash App generates revenue through transaction fees, subscription payments, and Bitcoin sales. It even supports the Lightning Network for quick Bitcoin transactions. Beyond payments, Block owns a majority stake in Tidal, a music streaming service, showing its diverse portfolio.
4. Robinhood ( NASDAQ:HOOD )
Lastly, we have Robinhood, with a market cap of over $15 billion. Founded in 2013 by Stanford graduates Vladimir Tenev and Baiju Bhatt, Robinhood became known for its free, user-friendly trading app, which gained significant popularity during the COVID19 pandemic
Robinhood found itself in the spotlight during the 2021 GameStop and WallStreetBets saga, where it faced backlash for restricting trades on memestocks like $GME. This led to a lawsuit and a $70 million penalty from FINRA for misleading customers and service outages. Despite this, Robinhood continues to grow, boasting 23.9 million funded accounts and nearly $130 billion in assets under custody as of May 2024.
Robinhood has made some notable moves recently, including acquiring Pluto Capital, which provides AI-driven investment advice, and securing a deal to acquire crypto exchange Bitstamp.
Wrap up
If you’re wondering about Bitcoin mining stocks, don’t worry we had a separate analysis just for that. Crypto Bull market just started and be ready for more analysis
which stock or crypto coins you are bullish now and why?
Opening (IRA): COIN December 20th 220/230/380/390 Iron Condor... for a 2.67 credit.
Comments: High IVR/IV at 74.1/91.5. Going low delta with the short option legs and narrower than usual with the wings.
Metrics:
Max Profit: 2.67
Buying Power Effect: 7.33
ROC at Max: 36.4%
50% Max: 1.34
ROC at 50% Max: 18.2%
Will generally look to take profit at 50% max; roll in untested side on side test.
COIN - inverted H&S Allows Up Trend to Form Playing around with the bars pattern tool a bit too much on this one lol
Left shoulder leads to initial bear phase. Head of the structure is the transition point between bear and bull. Right shoulder establishes the bull momentum and allows the trend to continue, as many stocks do.
No Target but Bullish on this daily timeframe.
COINBASE targeting $360 minimumCoinbase is trading inside a nearly 2 year Channel Up and the price is currently on the latest bullish wave.
A Golden Cross (1d) was just formed and according to the previous bullish waves, it appears the price is inside the last consolidation before the new Higher High.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 360 (+145.84% the smallest it had so far inside the Channel Up and 1.382 Fibonacci extension).
2. 470 (the 1.786 Fibonacci extension, the highest it had inside the Channel Up).
Tips:
1. The price has already crossed above the Channel Up once, so if the crypto market accelerates, we can't dismiss another break. However the bullish waves usually peak a little under the Channel's top. Which is very fitting for a 400 - 470 price range.
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$COIN: OUTLOOK NASDAQ:COIN : OUTLOOK
Looking for a BREAK OF STRUCTURE to take a LONG ENTRY. 📈
Targeting PREVIOUS LIQUIDITY!
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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.
Coinbase: Resistance!We introduced the alternative scenario of a corrective wave alt. (b), developing as a part of magenta wave alt. (ii). To invalidate this option, the price must decisively break through the resistance at $341.50. Such a move will further support our primary assumption of an ongoing wave (iii), where we anticipate the formation of new highs before a larger interim correction in wave (iv) unfolds. However, there is a 33% probability that the alternative scenario prevails.
COIN LONG BUY/SELL TARGETSCOIN is in the final wave of a huge move. It is grotesquely overvalued but I don't think the hype is over. BTC has failed to break $100K and that is the signal for a brief loss of hope for the stock but I think it has further to go - perhaps to $500. Buy target is $255.74 (the 0.382 retrace of the purple wave 3). This is a high risk trade; it is possible to count this final leg up as complete, for example. However, I think the narrative has more in the bag and higher targets are more likely than not.
COIN cup and handle patternHitting resistance up in this area. Possibility of a handle currently forming. May chop in this handle for a while before breaking out for another run.
COIN looking spicy !COIN was unfazed yesterday with all the selloff across the board.
It has a beautiful flag looking pullback and we are setting up for a break, I have this in my high confidence watchlist in case we can move above the trendline on Monday.
IS COIN THE ONLY RED NAME IN A SEA OF RED?!NASDAQ:COIN #Coinbase
1.) We are bouncing right where we should be
2.) #HIGHFIVESETUP still intact
3.) A nice reset on the RSI
4.) Wr% respecting previous support in the consolidation box.
5.) Green on a day the market is RED
NFA
HOOD front running coin:Something to always note is Hood and Coin's similarity in PA. From a simple outlook, COIN is still well positioned to break past IPO prices very strongly
$COIN - breakout above $330 for a move to $370COIN - Stock making another fail attempt to break $330. Stock is making a flat top at $326 after closing below it for the third time after breaking that level. Looking for calls above $330 for a quick move towards $370. Stock is strong on indicators as bitcoin move higher.
Coinbase stock looks like it has a lot more upside from here.Really liking this ABC correction and the bullish Elliott Wave impulse setup forming on Coinbase. I bet we'll see a lot more upside from here. This stock looks very undervalued on the larger time frame, with a huge inverse head and shoulders pattern. Stay profitable.
- Dalin Anderson
Could coin surpriseThere's been a lot of news lately about the crypto industry at large. This has meant people being bearish on crypto as well as on COIN and predicting a crash in coin stock. However, I think retail are being fleeced again by institution. They dumped the stock on retail after IPO and are hoping to scare retail into selling them back those shares at lower princes. I am long but will be taking profits as we march on.
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Not investment advice.
$COIN Upside ForecastMy base case is NASDAQ:COIN moving to $350-$430 USD during this bull run. If CRYPTOCAP:BTC makes a run past $115-125K, it's possible we see this larger Inverse Head-and-Shoulders pattern play out.
This move takes NASDAQ:COIN upside to approx. $550 USD by mid-2025 to mid-2026.
(then look out below! :)
Coinbase cup-and-handle patternCoinbase appears to have formed a classic cup-and-handle pattern. The handle has recently completed, and the price has broken out of it. I’m watching for resistance at the Fibonacci extension levels of 1.272 and 1.618, as well as at the key level where the left side of the cup’s initial decline began.
$COIN close to retest level.NASDAQ:COIN interesting level to watch, around $265. That was long-term resistance which we broke recently. Could retest and bounce here. Watch BITCOIN.
coin cup&handle price target = $530coin current price $278 , came for retest of the break level.as long as it's above this level
cup&handle formation price target = $530
resistance 1 = $368
resistance 2 = $429
83R trade Coinbase20% chance of success
high risk trade
83R
expecting coinbase to outperform most btc miners
COINBASE Strong buy signal on Inverted Head and ShouldersCoinbase / COIN has formed an Inverted Head and Shoulders pattern, bottoming at 274.30.
The bullish signal is confirmed as the price not only crossed over the Falling Resistance of the downtrend that started yesterday, but also above the 5minute MA50.
The standard target of such pattern is the 2.0 Fibonacci extension.
Buy and target 306.00.
Previous chart:
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Coinbase BuyConfirmations :
- Price reached the Monthly Orderblock & FVG
- Price touched and resisted to the consequent encroachment of the orderblock (50%)
- Price created a swing low with 3 monthly candles(08/09/10) closing now
- Market Structure shift in Daily TF
- Bad earnings which triggered more fear and short, good indication to buy
Expecting to reach at least the first high and then continue
