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COIN trade ideas

COIN is testing for pressureCOIN is testing for pressure This chart shows the weekly candle chart of Coinbase stocks in the past two years. The graph overlays the high points at the end of 2021 against the golden section. As shown in the figure, Coinbase stock broke through the upper edge of the current fluctuation range from May 2022 two weeks ago, and confirmed by stepping back at this position this week! And this position also happens to be at the 2.000 position of the golden section in the figure, so the strong pressure above the Coinbase stock is at the 1.618 position in the figure!
NASDAQ:COIN
by Think_More
Coinbase ($COIN) in phase D of Wyckoff accumulation schematic #2Coinbase ( NASDAQ:COIN ) shows strong similarities with Wyckoff accumulation scheme #2. Unlike Wyckoff accumulation scheme #1, #2 doesn't have a "spring," but in phase C, the bottom of the TR (Trading Range) is tested by selling that is reversed by an aggressive buyer. Phase C and the buyer have similarities with Cathy Wood's AMEX:ARKK investments purchase of NASDAQ:COIN , where she bought 400,000 shares of Coinbase on 6th of June, undoing the selling pressure. This can be observed in the chart by looking at the huge volume increase on June 6th, see; "Last Point Of Support" (LPS) in phase C. Where is price now? The price is currently in phase D. In this phase, the stock demonstrates strength proven by increasement of volume and price increase (SOS) and price fluctuates near the upper end of the range. Price might test Back up/ Last point of Support and consolidate upper end of the TR. What's next? With the first announcement (not the final decision) regarding the AMEX:ARKK ETF approaching on August 13th, this stock may break out of the TR after spending some time in phase D and send stock price higher due to positive news. Important to mention; Because there is no "spring" shown in the chart, identifying phase C is more challenging. Typically, the Wyckoff accumulation TR in phase C has clear aggressive sellers pushing the price below the TR, only to be bought up afterward. This is not the case now. Alternative One scenario to consider is that phase D might actually be Phase C in Wyckoff accumulation scheme #1, and after this, there could still be aggressive selling pressure causing the price to fall below the TR and form a spring. This could be accompanied by negative market sentiment or bearish news for Coinbase or the ETF decission.
NASDAQ:COINLong
by generaalski
Coin to 8 dollars. Short squeeze is a market makers out.I didn't think that we were going to scam pump so hard, but the exit liquidity was required. The market maker has shown their hand. They want out and they are getting out at the top of the range. had we hit the lower levels (44) or (38) before the spring then things would be different right now. Instead the Market maker has initiated a short squeeze. this is why I do not short scam markets. He will take the liquidity from the short squeeze to exit his position. Once the shorts have covered up here, then expect 7-8 dollars for this stock. People will laugh, people will talk shit, but they will lose all their money so I don't care. Trend is still down. "crypto" is a shadow of its former self. Bitcoin is captured by the state, and the rest are being attacked by the state. If you don't understand. I don't have time to explain.
NASDAQ:COINShort
by MikeMM
24
COIN -Classic Gartley PatternChart posted 7-26-2021 at 9:56am ET. I have been in coin since 231.90. It had previously had downside action, but I correlated this to the BTC market- and if you seen my BTC charts there was bullish momentum set to occur and we got it over the weekend so today we have seen a super huge bullish signal and also a Gartley pattern that should take us upside. Pretty simple. May take some time depending on BTC price action, but I like this long up to 270 price target. The macro pattern is a bearish shark- so I think price will shoot up quickly and then decline just as fast so be ready.
NASDAQ:COINLong
by Moorsc0de
1
COIN BASE LONG FORECAST Im closing my shorts at 52 and will be gong long around the 2 target levels im expecting resistance around the yellow levels when the long beings but if they break im going to be pyramiding more long entries from a fundamental standpoint im still bearish on the overall market as the fed needs to raise interest rates to lower inflation and u know higher interest rates make it difficult for businesses to you get the gist plus people getting layoffs erryweek so if price fails to break my yellow levels ill be seeking short continuations
NASDAQ:COINLong
by Bekiumuzi_Dube
3