$COIN FLAGNASDAQ:COIN huge FLAG pattern into earnings. Usually moves +/- 20-30$. Levels I will be watching for entries and targets.
NOT A FINANCIAL ADVICE.
COIN trade ideas
Coin update (and conl)We are going to experience a VERY volatile week here. We have a huge earnings week with massive growth and value companies on the list including coin, hood, alphabet, amazon and meta. The week leading into an election is also usually very volatile and ridden with fear. I still expect Coin to take off here, with the positioning of BTC closing a full weekly candle body above the breakout zone with an open stochastic RSI I am very bullish. The daily has already cooled off so another leg is very possible here.
My plan:
I will likely buy CONL shares tomorrow for this setup to gain immediate exposure, I will wait to see how this plays out, if we get a really red setup I will sell CONL puts. If we really pump hard I will sell covered calls on my CONL shares. I believe we approach this zone I have marked in little time testing the long-term resistance again.
Coinbase Potential for POPCoinbase has been in a long time accumulation range between approx $50 - $110.
I have marked some of my levels for the longer time frame if the stock / BTC performs well.
One thing to note, if we take a look at the fixed range volume profile, you will notice the majority of the volume is being traded below the current price of $82.
The range point of control sits at approx $70, with the Value Area Low being $31.
A big level to watch could be $138-$140, which is the Value Area High for the stock. Any type of strong momentum above that price can potentially rocket this stock back towards all time highs if the resistance levels are broken.
Moral of the story, majority of the volume on this stock sits in the accumulation zone which may be behind us.
COIN, 40% gain to be expectedHi all,
I thought I would share this stock, which I've been trading for over two years. COIN and BTC are very closely correlated.
I posted about BTC just a bit ago and I expect BTC to be in 60-70k range for this new bull cycle. This means COIN should cross $240 and could get to $260-270 range once again. We are looking at an easy 40% gain.
Take a look for yourself and see if I'm wrong 😉
Green pips to you 🤑
$COIN 4D Setup.With bitcoin’s recent all time high attempt Coinbase and the blockchain sector saw a strong rally followed by a strong reject, in that time NASDAQ:COIN saw a reject from its wedge resistance than reported earnings all leading to a strong rejection. Now I’ll be watching for 2 scenarios which is likely to play out within the next few weeks rather than days although it could play out this week we re more likely to see volatility. The bearish scenario is a breakdown from wedge support to bounce off the $161.32 then sell lower to target $118.44 - $140.83. The bullish scenario is a jump back to wedge resistance where I’d be cautious of longing right away but rather waiting for a complete break above the wedge resistance & potentially even the $223.58 to target first the $239.09 than the main target $261.12
COINBASE Bears in Control: More Downside Likely!COINBASE Short Trade Technical Analysis:
Coinbase Global on the 15-minute timeframe shows a strong short trade setup, with TP1 already hit. The stock is trading below the Risological dotted trendline, reinforcing the bearish sentiment.
Key Levels:
Entry: 207.12
Stop Loss (SL): 213.68
Target 1 (TP1): 199.00 (Done)
Target 2 (TP2): 185.87
Target 3 (TP3): 172.74
Target 4 (TP4): 164.62
Observations:
The price remains under significant selling pressure, evident by its inability to recover above the Risological dotted trendline.
With increasing volume on the down moves and resistance holding strong, the continuation of the downtrend appears highly likely.
The structure suggests more downside as sellers maintain control, and buyers struggle to regain any meaningful momentum.
Coinbase Global continues to look bearish after TP1, and the price action is aligned for further declines. Keep an eye on the lower targets as they are within reach, supported by the clear downward trend and weak buying attempts!
Coinbase (COIN): Strong push ahead after Bitcoin surge!After our last analysis on NASDAQ:COIN two months ago, we saw another leg down into the golden pocket and the imbalances we were watching. These got partially filled, reaching around 50%, which provided the necessary strength for a push higher. This recent jump is largely due to Bitcoin's rise over the past weeks, as Coinbase, being a major holder of Bitcoin, has directly benefited from this positive development.
This surge was strong enough to invalidate the bearish trend on the higher time frame, confirming that a bullish sequence is now in play. The biggest and closest resistance ahead is the VAH (Volume Area High) traded since November 2023. With the RSI currently overbought and showing a bearish divergence, a pullback could be on the horizon. However, we aren't too concerned about this unless the price drops below $160.50. The bullish outlook will only be invalidated if it dips under $145.
One thing to note about NASDAQ:COIN is its heavy correlation with Bitcoin, which introduces more volatility. The crypto market is also playing a key role in the U.S. elections, with both Trump and Harris addressing the sector. This could provide some tailwinds for Coinbase in the future.
In terms of the broader outlook, the potential wave ((iii)) could see a rise toward $263-$323, though this will take time to unfold. Given the market dynamics, it's better to remain cautious, but the setup looks promising.
Overall, we continue to monitor NASDAQ:COIN closely, but we are more inclined to invest in Bitcoin itself due to the inherent correlation and volatility with the stock.
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 goes up Been waiting for this to break to the upside
We can take out a buy now and expect to take out at least $280
Will probably go higher but that's our first take profit
It's probably time for crypto market to shine again
Coinbase Global Inc....Since its lows from 2023, Coinbase has followed a textbook EW count on the weekly log chart, and we think W5 is here to take it to new highs in the coming weeks. As long as 115 holds, the count is still valid and fresh highs will confirm we are on our way above 500.
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.
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.
COINan upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
Crypto And Coinbase RisingLooks like Coinbase is on the rise again. It has been making new highs all year long and seems to be building strong volume to test $200 again.
Just triggered a long position before earnings on the 30th of October. IF we can break through the $200 level, Coin will test the 200 day moving average.
The stop loss if set at $173.34.
Profit targets are in white.
Let's see where Coin goes.
$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.
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.
📉 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.
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.
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COINan upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
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.
Its time! Maybe....I think its a perfect time to re enter or put crypto names back on your radar for a short term pump. We have shaken out all of the hype and bitcoin halving people, hope and happiness is almost dried up in retail.
If we break our dark green line, I would stop out and wait for a re entry at next support. I see COIN to $230 soon....
LONG COINBASE- 3x Your money In a YearPrice Target
450$
Time Frame : 1 Year from now on
Disclaimer : Nothing is a financial advice
COINFor now, I see the primary scenario as an EDT (Ending Diagonal Triangle), where a break of the local low is inevitable. What fits within the corrective movement of BTC
