CoinHad a very nice breakout which saw a good rejection off 155 area
We just broke down from a symetrical triangle which could have contiued this trend to 160 but failed for now.
I’m still bullish coin but Mabey we need to come
Back in and retest that pattern we just broke out from.
I’m in shorts on coin looking for a retest of either 144 or 140.
Curently the symtrical trinagle we broke down from around 152 NASDAQ:Z … has a target of 146.40 for today tarhet only.
This curent pattern is a smaller symtrical triangle ranging from 148-150 $
Not sure which way it’ll break yet, but I’m thinking downside to contiue to 146-144 at least. But if we break 150 and reclaim this might stop me out of my bearish trade
Hopefully the patterns I have drawn makes sence
1QZ trade ideas
COINBASE-SELL strategy Daily chartStop loss triggered, but must re-enter, since the pattern and negative divergence" is even more amplified than before.
Strategy SELL @ 149.00-151.00, and place SL above 165.00. Increase leverage if you have too. Profit order @ 105.00 (fierst GANN support 125.00), but think it must fall through considering where it has come from.
PitchforksThe pitchfork tool truly changed the way I look at markets. It is amazing at times how beautifully price will follow the rules of the pitchfork. The goal is to enter at the earliest opportunity after the three pivots are formed. This way you can ride the trend of price until the pitchfork is broken. Lets keep our eye on how price continues to play out inside this pitchfork.
📊 Coinbase Bearish (70-80 Next Target)Coinbase (COIN) produced a nice bullish wave which peaked 5-Dec. with a DragonFly Doji.
In July a bullish wave ending in a Doji preceded a correction, here we have a similar situation.
Based on the gaps, it seems it will be a strong correction.
👉 A 40% drop can happen easily pushing the stock to 100.
👉 It can go lower as a test of MA200 as support and hit 77, can be a bit higher or a bit lower.
There is room for even lower...
You can find additional details on the chart.
Namaste.
Ark Invest Offloads $49M in Coinbase (NASDAQ: $COIN) SharesCathie Wood's Ark Invest sold its largest amount of shares in cryptocurrency exchange Coinbase since July, offloading 335,860 shares across three ETFs. The sale raised $49.2 million at Coinbase's closing price.
Ark has been consistently selling Coinbase stock as its shares have appreciated alongside bitcoin's rally.
CoinHanging on here to support. Last time I shorted it was for coin to test the uptrending support at 132. We did that and eventually got a push up and another rejection of 146.50
We are now retest the breakout from last week from 138 being a bigger reistance We need to contiue to hold and reclaim This as well as hold this uptrending support. As long as we can hold this should
Be a decent loading area,, if we crack 138 and flip to resistance we might be needing to looking into shorts again
Overall above 138 bullish
Below 137.50 or so bearish
I’m in longs holding this bottom trend support even if it takes a few days to complete. Good luck to all!
Coinbase Navigating Challenges and and Seizing OpportunitiesPotential Challenges NASDAQ:COIN
$150 Resistance Battle: a formidable hurdle at $150, representing both a psychological and technical challenge.
In the event of a potential rejection at $150, attention turns to the $115-130 monthly demand zone, a critical support level.
A pullback to the $115-130 would provide traders and investors with a strategic point for potential entries.
Chart Patterns:
The ongoing scenario includes an Inverse Head and Shoulders pattern, hinting at a potential bullish reversal, and a Hammer pattern, signalling resilience with a recovery from the lows.
Technical Strengths:
Recent indicators, including a rising Accumulation/Distribution Line, a vibrant MACD, and an RSI at 76, suggest current technical strengths favouring the bulls.
Recognition of the Inverse Head and Shoulders pattern and Hammer formation adds to the bullish narrative, suggesting potential trend reversals.
Breakthrough to $150:
A successful breach above $150 opens avenues for further highs, targeting the next supply zone at $191-207, though potential selling pressure looms.
WATCH for Coinbase's $150 challenge, watch for potential rejection or breakout. Stay vigilant, manage risks, and seize opportunities for informed decision-making.
CoinbaseCoinbase Daily log chart.
At IPO process Coinbase stock IPO price was $250 .
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and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
COINBASE-SELL strategy weekly chartOf course the share is influenced by nothing else then the crypto movements. These are overdone, and so is the share price of Coinbase. We are way above the regression channel, and also we are way above the Kelner channel, which all contribute the state we are in, i.e. we are overdone on upside.
Strategy SELL @ 143-150 and take profit @ 102.50 and place a SL above 165 for now. We need room for this. needless to say, utilize only 0.5x max. of account value for this position.
Coinbase (Coin) Cup & Handle Breakout or Triple TopCoinbase has formed a beautiful cup and handle or is it a Triple Top.
If we get a bullish break and then retest around 115-116 on the daily, we should be set for 190 in the coming months.
However, if can be argued it has formed a local triple top.
Difficult to tell right now.
Fundamentally, I am bullish on Coinbase but price action dictates.
Momentum is on the side of the bulls.
CoinSo the idea worked out mint and we got a nice bounce off 130 area I took profits at 132. The overall pattern is holding still closer to the bottom end of it. First bounce is still within the downtrendinf channel
If we reject the flat green box reistance that’s 138
If we trend up to the downtrendinf reostance that is 139-139.20. For me a reclaim above 140 puts coin back into potential bullish territory to head up and retest the overal larger upper sloping reistance but for now we should respect the channel
[COIN] Coinbase waiting the long spotI've been watching this stock for a while, and now with the BTC take-off and a soon crypto rally, this stock can be a very good way to ride the bull run like an ETF on crypto (with less % of potential gain but less risk too).
I will be watching the $110.0 level (and around) for a bounce back to the up side to take my swing long position.
Will keep updating this on the following days.
Great Trades !
Crypto Fakeout - Catastrophe in the MakingBoys and girls, we are witnessing a level of fraud that makes Gamestop look like a good idea.
Nothing has changed, I first published the bitcoin short on October 15th, 2021...
The outlook for "crypto currency" remains highly unfavorable.
Something to acknowledge: Since it's birth, following the great financial crisis in 2009, crypto has survived a lot of wild and wonky market scenarios.
However, what crypto has NOT proven, is the ability to survive a real life actual bear market recession. That said, during covid, we did get a glimpse of how crypto behaves when unemployment spikes higher.
Nowadays we have stadiums with "crypto"-whatever dedicated to the venue. Although this may seem like a promising / optimistic observation, my view is that it is simply a failure of regulatory authority.
LOL think about that.. fake money that is: unproven through a non-bailout / non-stimmy recession, is the naming convention for stadiums.... no matter how many fake headlines they pump, no matter how many teslas they recall, fraud is fraud.