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COIN trade ideas

Coinbase UpdateNot a lot happened on Friday in regard to Coinbase. It is following along with the tier 1 crypto list that we follow. This shouldn't come at much of a surprise as closely as they're tied to each other's fates along with the BTC ETFs it hosts. Something I want to draw your attention too, is the target fibs / box. If you look at it, I drew it from the 1.0-1.618 as they are the most common end targets for this type of move. Also, within this box is the 0.382 retracement fib @ $140.85. This is a very common end target area for wave 4's, which is what we're in. Don't get me wrong, we could extend lower. However, the picture that is being painted at this time, points to this target box I have drawn. We still have a chance of making a slight new high, but those odds are dropping. In the end, regardless of a new slight high or not, according to the larger count we should be headed to the target box for the end of wave 4.
NASDAQ:COIN
by TSuth
5
Coinbase Global - Coin, Anything But Predictable. There's a lot going on in the charts with COIN starting with the daily chart and multiple potential target prices shown as per patterns that have formed and though the price has been trending above the 50 day ema now for a month on the daily chart the showing does not convey a lot of strength in the short term considering that their recent financials were extremely good. So looking at the 15 minute chart we see a Death Cross had formed last Thursday confirming more potential weakness ahead. The 2 Hour Chart as well confirms this not only with the last 16 candles now trending below the 7 day Exponential Moving Average but also the 7 day EMA has Bearishly broken through all of the other Moving Averages on the chart again edging towards a further breakdown. One strong indicator that confirms this is the MFI that has also formed a Strong Bearish Divergence as the price has been consolidating the last couple of weeks at the current price point of $244.00.... One saving grace however indicating that the downturn may be short lived is the weekly chart where I've used the Fib Retracement Indicator to project it's potential future moves and more in keeping with the daily chart if COIN can break through the $270 Barrier then the other Fibonacci Lines are fair game.
NASDAQ:COIN
by grahammk
3
COINBASE Short-term Channel Up targeting $284Coinbase (COIN) has been trading within a short-term Channel Up (blue) ever since the bottom on the 4H MA200 (orange trend-line) and later turned the 4H MA50 (blue trend-line) into a Support too. Yesterday the first 4H MA50/ 1D MA50 Bullish Cross was formed since February 29. As you can see this is approximately the same pattern that was followed after the February 09 bottom on the 4H MA200 and its first Target was the Resistance coming of the previous High. This short-term Channel Up leads straight to that Resistance as part of its next Higher High, so our short-term Target is $284.00. ------------------------------------------------------------------------------- ** 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
3
$COIN looks like a good short hereI know everyone is bullish crypto, but the NASDAQ:COIN chart doesn't look that hot. You can see that price moved up over the trend line, formed a small timeframe head and shoulders, broke down, and now has retested the trend line today. I bought some puts before market close. Before we move higher, I'd expect price to come down to touch the lower support levels before we see any sustained move higher. Let's see how it plays out over the coming weeks.
NASDAQ:COINShort
by benjihyam
Weekly Coin chartThis is the weekly view of my daily chart I posted earlier. The momentum is clearly very strong and after that bounce off the EMAs, coin is pushing against a resistance here. All we need is a little pop from BTC. Thursday is historically the least volatile day for BTC so I do not think it will happen after market today. A retest of the teal fib before another push would be better long-term. -We already hit my first target of 250$ -My second target remains 279$, I think we see this in less than two weeks
NASDAQ:COINLong
by Apollo_21mil
COINBASE Can catapult above $300 any time.Coinbase Global (COIN) has been trading within a long-term Channel Up pattern since the October 27 2023 bottom. Its long-term Support level is the 4H MA200 (orange trend-line) which was most recently tested on May 14 2024 and held. Just like the February 07 (near) test, this is technically the latest Higher Low of the Channel Up. The break-out above the Falling Wedge that followed, similar to the February bottom, has found Support on the 4H MA50 (blue trend-line), which held even during Friday's dramatic pull-back. With the Sine Waves accurately depicting COIN's all recent bottoms (Higher Lows) and tops (Higher Highs), they clearly show that we are past the latest bottom and have already started the new Bullish Leg to a Higher High. The previous one was priced just above the 1.786 Fibonacci extension level. As a result, we remain bullish on this stock, setting a new price Target at $380.00 (Fib 1.786), which can be achieved by mid-July. ------------------------------------------------------------------------------- ** 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