Coinbase UPdateBullish Divergence on the weekly time frame (annual time frame) indicating a run for the next 4 months.
Oversold stochastic
Market exhaustion on the RSI, also showing bullish divergence.
COIN trade ideas
📊Coinbase Teams Up With Paypal In Europe (Easy 100% Potential) I think it is great news for the Cryptocurrency market, this partnership.
Coinbase and Paypal will be working together in Europe to allow users from Germany and the UK to withdraw/deposit using Paypal. They plan to expand this feature to other European countries.
This is great, Cryptocurrency adoption continues to move forward.
The COIN stock is set to produce amazing growth, based on the technical details of this chart.
The potential goes to 100%, 200% and 300%, with much more long-term.
Coinbase Global, Inc. is very like to grow, grow, grow and grow, non-stop for a long-time, as Cryptocurrency becomes mainstream and welcomed all around the world.
Thank you for reading.
Happy Blue Full Moon!
Namaste.
COIN Long PT $137When COIN breaks above 116 COIN can makes its way to 130s.
Position buy 100C out to Jan 24 or further
Inverse Head and Shoulders confirmedLooks like we have finally gotten a confirmation of an inverse H&S setup. The targets are the yellow circles.
Inverted HS, testing broken resistancePrices just landed on the broken resistance and now support. I just bought some, not much. It may drop a little bit more. I'll wait a few days to see if there is some consolidation over the support to add more. For now, just a small position.
This stock is correlated with Bitcoin, so take a look to the crypto world to see how this one may move.
COIN - Super Bullish, But Hot EngineCOIN is running hot.
The ride so far is phenomenal, but also way too quick for my liking. This can be seen on the RSI, which is super hot right now.
A nice Long-Confirmation is the fact that Volume on the weekly chart did increase nicely.
The red resistance got peeked twice now.
It's exactly where price broke down last time and traders where puking their stomach empty.
If price can stabilize above this resistance, then we have a open road to at least $190 to $220.
If not, a breakdown to the white up sloping Centerline is very possible.
Coinbase Is Your Victor - Binance Is Dead. SEC / DOJ AUM ETF
Some points people are missing
Coinbase current AUM $137.651B, a 30.51% increase year-over-year.
Binance current AUM $54B, yes that much smaller than Coinbase even their company CMC refuses to list this data see yourself
coinmarketcap.com
coinmarketcap.com
Coinbase with a marketcap of CME Group gives it $306
Coinbase is the "CENTRAL" location of the Spot - ETF's SSA by the biggest institutions in the world, most of the largest BTC volume in the world be OTC / traded through them meaning Coinbase is going to be making profits you can't imagine.
SEC / DOJ has given the green light to support Coinbase through the SSA / Spot ETF's meaning Coinbase was saved by the full force of the united states government's market regulators. (this is major)
Oh and the correlation to Binances "BNB" scam is also free falling.
Earn Cash Off Of Coinbase VolatilityHey guys! Today, we're looking at a Trade Idea in Coinbase, the infamous public American crypto exchange.
Like most of our trade ideas, this post focuses on selling put options - this time, on COIN shares.
In case you're unfamiliar with options -> when you sell a put option, one of two things happens.
Either;
A.) The stock price finishes above the strike price of the put when the put expires, in which case you make money.
B.) The stock price finishes below the strike price of the put when the put expires, in which case you’re forced to buy the stock at the strike price.
With the trades we publish, if the stock goes up, sideways, or down a bit, you'll make money. If the stock goes down a lot, then you'll be forced to buy shares.
In other words - either make money, or buy the dip!
The trick is finding the right stock at the right time.
Right now, COIN seems like a great candidate for this strategy.
Selling the 11/17/2023 $50 strike put options yields more than 19% on an annualized basis, and the option has an 88% chance of expiring worthless (max profit!)
While the stock has been pummeled since IPO in early 2021, on the weekly chart it seems as though the company has found somewhat of a bottom:
Additionally, while the company has struggled with earnings in the past, the company still remains cash flow positive, and trades at an attractive 5x free cash flow:
Finally, $50 has been a great support level in the stock over time, so picking up shares at this demand zone should have added probability.
What do you think of this trade? Let us know!
Cheers!
Looking for more high-probability trade ideas? Follow us below. ⬇️⬇️
COINBASE WEEKLY VIEW
H&S pattern detected on M AND W TF.
On W TF we see a impulse with a corrective phase and a BOS .
Waiting for smaller TF to turn bullish for a long!
IF PRICE GETS UNDER THE MIN. OF THE RIGHT SHOULDER (45.9$) IT WILL INVALIDATE THE LONG POSITION.
COINBASE ROCKET REFUELING COINBASE - NASDAQ:COIN
Earnings release today AFTER CLOSE
Monitoring Coinbase is a great way to gauge institutional interest in the crypto market, so its good to keep an eye on regardless of takin trade on it.
The Chart
- A pull back here would not be surprising
- Price above 200 day SMA
- Re-test of RSI resistance line ideal
- Bounce of OBV resistance line also ideal
COIN ready to jump on positive news (ETF?)First published idea, so be kind. I see a really tight regression over past two weeks that fits nicely inside a falling wedge (fo confirmation). Also appears that this regression is pinching against the resistance level around 83.5. The bullish wedge and this pinch point suggest some pent up energy ready to move soon - betting next week bullish run targeting 95 to 100 after SEC announcement on ARK ETF filing. Thoughts and suggestions appreciated
COIN break down out of descending wedgeCOIN was consolidating in a descending wedge with an oversold Stochastic reading and was primed for a breakout, but new macro environment resulted in a breakdown out of the wedge. Bitcoin is tumbling; I would look at the 200-day as a possible support area. A bounce in the major indices would coincide with COIN retesting the wedge breakdown. That would be a good area to open shorts. A rebound back into the wedge would re-open the idea of a squeeze, where confirmation would be an upside breakout and re-test of the upper wedge trend-line.
COIN coiling up for another impulse Up Coin made a nice impulse up this summer from 30-100 and is now correcting and coiling for another move up here.
Its mid term trajectory has a lot to do with whether the macro Equity market is hit hard with what I believe is at least a mild recession coming early next year.
This next impulse up takes us to the 120-130 range at least.
Look for the coming ETF decisions by the SEC to be a potential catalyst for more upside.
But remember...Narrative follows price...so we'll be prepared no matter what the catalyst is
Cheers!
Coin Squeeze playCoinbase is on a steady trendline down, but I believe once it catches some support, a breakthrough of the trendline will create a big squeeze in the crypto name
COIN | Informative NASDAQ:COIN
If the price of COIN breaks above the bullish line of 109.44, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target prices could be set at 116.30 and 150.12.
Conversely, if the price of COIN breaks below the bearish line of 100.58, it may suggest a bearish signal, implying potential downward price movement. In this case, the target prices could be set at 85.35, 19.08, and 73.20.
*Slightly, I'm bearish based on the daily candlestick.
COIN Head and ShouldersCOIN may have found a bottom with this big head and shoulders.
Looking to long the break of the neckline for a massive ~90% or more gain.
Coinbase long SetupWe think Crypto is about to trigger a weekly bullish pattern break to the upside.
Lets see if Coinbase can maintain is wide range green bar breakout.
We are testing key support that has been reistance numerous times in the last 12 months.
This is the beginning of a potential SR flip.
Time will tell: Close tight stops.
Coinbase in a correction, the levels to look atHi guys! This is a technical analysis on Coinbase (COIN) on the 1 Week timeframe.
On the week of July 10th, we ATTEMPTED to try and break through the $116 ish level, which is the level where our GREEN rectangle Resistance zone begins.
BUT got rejected and have been in a DECLINE for about 4 weeks including this week.
Note: This weeks candle has not yet closed and we have to wait till end of week.
Notice the 2 RED circles, highlighting 2 seperate times where we tested the MAJOR RESISTANCE ZONE.
-> This can very well be a DOUBLE TOP.
-> Which can support a continuation of the downside action.
We are currently TESTING SUPPORT at the upper border of my BLACK rectangle zone
This coincides with the 0.618 FIB level or the $84.07 level.
Since we havent closed yet, watch how we react here -> with a potential of price bouncing to the upside.
If we end up below, and in the coming weeks CONFIRM below:
Our next level will be the 0.5 FIB Level, which is at 73.99
Here the 21 EMA also converges at this point
This could be a STRONG SUPPORT zone due to the confluence of 2 SUPPORT levels.
This could then be a BUY ZONE, area to Scale in.
We can also look to the 0.382 FIB level or $63.91
This level converges with the RESISTANCE Turned SUPPORT line from the price top.
This is another level, provided the 0.5 FIB level fails to hold -> WHere you can add BUY ORDERS
STOCH RSI indicator -> Had a BEARISH Cross and we are currently below the 80 level. If we continue down, we can reach and stay below the 20 level for some time. This normally leads to PRICE DECLINES.
Wave trend oscillator -> We have reached at area where the GREEN line is starting to show curvature to the downside. If it continues this pattern, itll add to the probability of price DECLINES.
Finally the RSI - Watch how the Orange line interacts with Black line, if Orange crosses below -> it normally indicates that we are in a price decline.
"COINCLUSION" (See what i did there, lol):
The Week of July 10, we attempted to test resistance to enter the GREEN REsistance zone, to only meet with REJECTION. This had lead to a correction in COIN, moving us to test the 0.618 FIB level. The area which converges with our Upper border of Black Rectangle/ Resistance turned Support. This area can be a place where we could bounce in price to try and reclaim the 0.786 FIB level. But if we cant HOLD 0.618, our next level will be 0.5 FIB level. This area due it being a strong support zone, can be an ENTRY point for potential trades or scaling in/ DCA'ing. Worst case is below that level at the 0.382 FIB level, which can also be a 2nd BUY ZONE. We would like to be ABOVE the 21 EMA though, to maintain the Bullish case. Always make sure to wait for confirmation before placing BUY orders.
For example: if we confirm SUPPORT above 0.618, we can have a potential bounce back to the 0.786 FIB level. So you wouldn't short but Long.
Stay tuned for more updates on COIN in the near future.
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.
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.
$COIN Retesting Breakout Area?There is a lot to like about this NASDAQ:COIN chart. First, it has had a long stage one base (about a year). It seems to have established an area of resistance during that basing period. Then on July 11, 2023, it broke-out with big volume, retested the next day the then on July 13th it had the biggest volume day since May 2022. Since that breakout it has consolidated and pulled back to the breakout area on lesser volume. I have no idea if it will take off again, but I like the prospects. See notes on chart for my thought process.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
COIN Hammer off of Lower BBandCoinbase put in a hammer candle yesterday after a bounce off of the lower Bollinger Band which can be read as a potential bullish signal seeing as how price is seeing a further advance today on a strengthening Bitcoin price.
The PPO indicator is still reading short-term bearish momentum with the green PPO line declining below the purple signal line. Both lines remain above the 0 level though so this decline in price since mid-July can be viewed as a bullish pullback.
The TDI indicator shows the green RSI line trending back up after holding above 40 and is close to crossing back above the 50 level which could indicate a shift to bullish price trend forming. What we want to see is for the RSI line to continue to rise and cross above the 60 level as a sign of a true shift to bullish price trend. When the RSI is trending between 40-80 the overall price trend is considered bullish, so for now the RSI can be interpreted as a being in a bullish pullback.
Back in a Coinbase trade after being stopped out last month when price spiked above $100 then declined. Watching for a potential move back to the center Bollinger Band which rests just below $100. Should price top the center Bband then a move back up toward $110 will be in play.
Buy price for me today was at $87.40. Current stop-loss order is set just below the hammer candle and lower Bband at $81.17.
LONG on COINCoin has bounced perfectly frm the previous resistance at 84.. good for a long position at the current price of 87 for a target of 110 and SL @ 82
