COIN Alternative View - Massive Move IncomingA different chart from what I posted earlier for COIN, there's always several different angles. But one thing remains the same, this chart also looks incredibly bullish. I expect COIN to be a top performer in the next 2-3 months if BTC and NQ continue to rally.
If it can break above $286, COIN is over $100 away from my next target at $368.90 and over $200 away from ATH. I think it may take a while for ATH, but I do think the $368.90 level could be hit this year, and relatively soon. It depends on what NQ and BTC do, but I expect a breakout like this to lead to an extended rally over the course of 2-3 months at least.
1QZ trade ideas
COIN Bull Flag Breakout & Ascending WedgeCOIN made a big move up after finally breaking out of a bull flag it had been forming for months. It has pulled back recently, but I expect that to be a minor down trend. It's just a matter of how long it consolidates before moving higher IMO. This will be one of my top picks for a long if the market continues higher and BTC makes it's way to $100k. If the breakout fails, I have included a bearish path as well.
COIN COIN COIN! I've been posting a lot about COIN as this thing moves heavily and offers excellent swing opportunities if you're careful and are taking profits along the way.
This short trade was quite obvious to me considering the tapering of orange and the recent major upswing from $195 --> $250 in a matter of weeks.
Will be looking for a bounce at bottom of orange/teal.
Happy Trading :)
COINBASE LOOK NICE!Coinbase Global, Inc. (ticker symbol: COIN) is one of the largest and most well-known cryptocurrency exchanges in the world. Founded in 2012, Coinbase provides a platform for buying, selling, and managing various cryptocurrencies like Bitcoin, Ethereum, and many others.
Key Features and Strengths
User-Friendly Platform:
Coinbase is known for its easy-to-use interface, which makes it accessible to both novice and experienced cryptocurrency investors.
It offers a range of services including buying, selling, trading, and storing cryptocurrencies.
Wide Range of Cryptocurrencies:
Coinbase supports a large number of cryptocurrencies, allowing users to diversify their investment portfolios.
The platform regularly adds new cryptocurrencies based on user demand and market trends.
Security Measures:
Security is a top priority for Coinbase. The platform uses a combination of hot wallets (for frequent transactions) and cold storage (for long-term holdings) to protect user funds.
Coinbase also offers insurance for digital assets held on its platform.
Regulatory Compliance:
Coinbase is one of the few cryptocurrency exchanges that is fully compliant with U.S. regulations. It has obtained licenses and follows strict regulatory standards to ensure the legality and safety of its operations.
Coinbase Pro:
For more advanced traders, Coinbase offers Coinbase Pro, which provides additional trading features, lower fees, and more in-depth analysis tools.
COIN - COINBASE LongDear traders,
Id like to share this idea in order to take long positions, basically the price is within a bullish trend correction (flag bullish pattern), it look likes a quite healthy uptrend so we look at buying opportunities.
The idea to open new positions now is acceptable (230 Dollars), we might see Coinbase in 400 dollars. it might be pushed up with the potential ETH ETF approval.
best,
COIN setting up long after a pullbackCOIN has a big jump July 13 after some good news on SEC litigation against crypto
and a court ruling was issued. It is shown here on a 15 minute chart.
Since a double top it went sideways for a week and then down trended. The anchored VWAP
bands serve to give context and serve to show dynamic support and resistance price was at the
mean VWAP on July 13th when it popped. In the price action since price did a VWAP breakout
and then a breakdown to bounce off the same mean VWAP black line and is now a bit above it.
As I believe COIN is now trending up with the relative strengths of the low and high time frames
at about the 50 level. I have set a stop loss below the VWAP line and targets as TP1 -105
TP2- 107 and TP3 -109 although the price could reach the highs of 7/13 especially if
there are legal or regulatory updates favorable to the cryptocurrency sector. I will also take
a look at RIOT and MARA.
COIN broke out of its parallel channel. Next move ahead 🚀Coinbase Global (COIN) broke out of its parallel channel and did a retest on it, opening the way to its next move.
- The chart retested previous resistance that became support.
- On the 3-line indicator, the mid-trend line (blue) is crossing above the long trend line (green), which has always been a bullish signal.
- The RSI is breaking out to the upside of its parallel channel and moving above the moving average (brown).
Next potential target: $369.
Long setup US stock COIN👋Hello Traders,
Our 🖥️ AI system detected that there is an ICT Long setup in COIN for scalping.
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Coinbase UpdateToday price fell over 5% to the downside. It was a pretty strong move and not one I would expect to happen during a c wave. This has me wondering if we have officially finished (B). We could still get another high to the 0.618-0.786 area @ $246.64-$263.82 as the micros suggest a move up soon. How high that raise will be, idk. It could be extremely minimal and just cause chop until it finally breaks to the downside. The 4HR MACD is just beginning to move to the downside as you can see at the bottom of the chart. We're also still trading on negative divergence. Crypto should be finished or finishing their respective B waves. Needless to say, signs are starting to pile up hinting the move up is either finished or near complete. As I mentioned last night, all that's left are scraps. Instead of risking capital on the end of this pattern, I'll wait until we make it into my target box before I buy in again.
The next move coming is wave (C). This means we could either get a 3-wave or 5-wave move with the latter being the most common. Typically wave 4's (which this is) should end around the 0.382 but not past the 0.5. No rules say it can't go past the 0.5 retracement fib, but generally if it is that deep, you're usually dealing with something other than a wave 4. That is why the huge box goes from the 0.236-0.5 fib ($184.02-$113.48). If we have in fact topped in wave (B), then we can use the extension fibs to help refine that target box. That is why I have made a box in the box lol. This more refined target goes from the 1.0-1.618 of the (A)-(B) move ($159.83-$124.71). Once we get some more data from the beginning of (C), I can make an even more refined/smaller target box.
Coinbase - Trading in the channel - Multiple Entries Coinbase reminds me a lot of BNB in the crypto market (2021 days).
Coinbase has done remarkably well in the past one year.
Earnings were good but investors/traders shunned the stock. The reasoning came down to costs increasing even though revenue estimates were knocked out of the park.
The other reason mentioned, I believe this has more merit, Bitcoin prices.
If Bitcoin goes higher, the whole space gets a jump. It attracts more people who have left the space or first time buyers to get into the crypto again.
Bitcoin is trading above 60k. Needs to get above 66k and then all time highs for Coinbase to really get going. A lot will be revealed on the release of PPI and CPI data today and tomorrow.
Looking at the stock individually, fundamentals are rock solid.
Technically, we are going towards at 180 region (box shaded in chart), where I would expect a lot of shorts to cover and buyers to step in. Ideally, I want to see it visiting the area for about an hour max and then spring boarding higher. The above scenario would be a good position to take 1st entry and then breaking of 213 trendline area would be an area to add position.
Stops will be very tight on the 1st entry. Probably below pivots.
Alternatively, if CPI and PPI comes in weaker, we could see a break of 213 intraday and I would go with the break and stops sitting below 205.
I would be more inclined to take position only after CPI data release and if PPI comes in super weak, might take a small position.
I have laid out a lot of scenarios here. See which one fits your style and I will be updating the idea once I have skin in the game.
Goodluck!
COINbase Macro Analysis: To Keep You Informed Of OpportunityHi Guys! As always i try to bring ideas that catch my attention on the macro timeframes. The one that got my attention is Coinbase (COIN). Ive been tracking coinbase for some time now, ever since i discovered the Inverse Head and Shoulders pattern. (Ill be putting the link to that idea and others related to COIN below.
This current analysis will be assessing whether or not the Inverse head and shoulders pattern has more juice left or not in continuing the rally from the bottom at $31.00.
Pattern was confirmed when we broke the Head & Shoulders neckline.
This analysis is on the 1 week timeframe.
Some areas have been highlighted.
Major Resistance -> this is a critical area in my opinion, further gains being linked to us needing price to be ABOVE this lvl.
We are currently BELOW it.
But have not yet confirmed in my opinion.
Last weeks candle had equal top/bottom wicks, which usually means buyers and sellers were equaled out, not giving a direction.
We would need next week to play out in a more decisive manner. And for price to be ABOVE Major Resistance lvl.
We are also current ABOVE 21 EMA, as long as we stay ABOVE it, UPtrend is intact.
We've also had 2 Golden Crosses occur where 21 EMA and 50 SMA crossed ABOVE 100 SMA. As long as we stay crossed Uptrends tend to continue.
Ive also applied FIB retracement lvls from our current top to the bottom at $31.
We've been rejected from 0.786 lvl. Watch for a test of the 0.618 level which is known as the Golden Ratio. If 21 EMA is broken, it becomes more probable.
My personally opinion is that i think we will touch the 0.618 lvl.
We would need to maintain Support ABOVE here.
This area also coincides with a potential Consolidation range bottom.
Which I think is likely to be forming, as COIN tends to move like this as seen in previous history.
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Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on SNOW in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.