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COIN trade ideas

$COIN Short NASDAQ:COIN I like the Idea of Shorting Coin. Nothing to complicated guys and girls. $55 short to a Target Fib Level of $52.84. - Friday close was bearish with huge selling volumes end of day - Stochastic RSI is forming an indicative pull back move - RSI 14 Day Average shows trend breakdown with low buying resistance and higher selling resistance picking up - AD / DX turning bearish with red bearish line resembling confluence/diversion to a bearish move up of the red line. - Trading below 20/50/100 SMA already Trade Idea with Options Derivatives is Puts, ideally in the money $55 and to $50, this is the trade for this week 22nd May 2023. For confirmation must watch NASDAQ / Tech 100 and Bitcoin for confirmation. I would be also watching for weakness in Crypto mining stocks, there was plenty of covered call selling on NASDAQ:MARA $9 for many weeks and it seems that buyers are exhausted. A break of $9 should see a move down to $8.50.
NASDAQ:COINShort
by Gb_Casanova
Coin update So we discussed the possibility of a W pattern formed on that 57$ retest. As of now we got it ! One thing to watch closely thou is this 60$-60.40 level. Although this idea I have is potentially a nasty breakout trade, we do have to be carful Becuase we have 2 lower highs in place and a flat bottom at 57$ So technically this can be a bearish pattern. If we break and hold above 60,50 as support this can rip up The previous high of this pattern is also a reistance to watch I am in king at 57$ as we discussed taking it… but I am going to add some shorts in at 60$ area as a hedge against my long calls…. If coin rejects and fails and comes back towards 57 this could breakdown so we are at out of the woods yet!!! It is super interesting that it is sooo simalr to the C3 ai chart almost identical and if you look and see what C3 ai did after this smal exact setup we can see what coin can do also. Howver just Becuase it looks the same doesn’t mean it has to react the same way. Just keep in mind 60.40-35 will be a big level as well as 61.35. If we break and hold 61.35 this could be setting up as a neckline of the W pattern we are all playing off 57$. Good luck I hope we all win big but I am right now being cautious So I’m staying neutral as we reach 60.35 and 61.35
NASDAQ:COIN
by Erictaylor
CoinThis is setting up nice we put in a double bottom at the 50$. We had a trendline break and push up. If you compare this chart to a 15/30 min chart on C3 ai you’ll see the same setup and what it did after this same setup I’m looking on coin to pull back in and make a double bottom at that most recent low after the trend break. It can make a lower low and still be a double bottom as C3AI did same thing to fakeout bulls. Don’t get fool Long off next dip in close to old low of 57$. Slap the longs and give it a dollar or so risk
NASDAQ:COINLong
by Erictaylor
1
Coinbase Wyckoff Accumulation. SPRING in play?We will find out shortly. The bear case: Coin goes to zero, after the US authorities pull on some threads and we unwind some massive criminal activity between the inner dealings of DCG - GENESIS - COINBASE - SILVERGATE - FTX - etc etc etc.... The Bull case: The bear case above is the overhanging Fear Uncertainty And doubt which is being amplified by the market maker so that he can scoop the final remaining shares. Within days we should see the beginning of a rally which should be relentless in its pursuit of reaching 115 dollars per share. Many will take this opportunity to sell at break even, or a slight loss from previous purchases (the remaining supply is absorbed by the market maker) Once this final supply is absorbed, we will see the market drift higher. People will ask, how was coinbase ever valued at 32 dollars per share??? how did the market dislocate so much and provide the opportunity for a 10x in such a short period of time? The market often over corrects just as much as it overshoots, providing great opportunity. Is this a case in which this has happened? or is coin really going to zero? We must dig deeper to understand. However, I am not here to do your homework. So do it yourself. Here are some hints though. USDC LSD SUBSCRIPTIONS Furthermore we must admit that coinbase has: Pricing power Trust Assets backed 1-1 I, Like my perceived market maker, have been accumulating at any price below 70 dollars, I would thus argue the market maker may not in fact be a single person, but rather a collective of people like myself thinking similarly. We take the risk when few others will, and for this we stand to profit more than usual. Or go broke.
Editors' picks
NASDAQ:COINLong
by MikeMM
137
$COIN headed up to $100+Think we're about to see the crypto market turn higher. NASDAQ:COIN should be a major beneficiary of the higher move. The lowest I see NASDAQ:COIN going in the near term is $44, but we also may have bottomed and earnings could send the stock much higher. Think we're likely to see the first target of $108 get hit, then think it's likely to hit the $150ish-$160 for final targets for the move. This should all play out before July. Let's see what happens from here.
NASDAQ:COINLong
by benjihyam
Is COIN correct on offshoring their operations?Coinbase appears to be getting crushed due to the unpredictable nature of Bitcoin volatility. How much there is any form of long-term upward trending, COIN is a company that needs to be questioned as a long-term hold. There are various lawsuits targeting this company but to be fair, the CEO and founder are correct about U.S. government regulation on crypto. The issue is when you are offshoring new crypto institutional exchanges, their intended institutional customers will question why this is happening. It would be looked upon as another potential FTX scam. Over the long run, this may hurt the company more versus the immediate returns they seek.
NASDAQ:COINShort
by bryandowningqln
2
Have fear if you own COINBASEAs we analyze the 4 hour chart of COIN I continue to see downside... We have broken out of our main channel (the blue channel) and now inside the downtrending channel (white)... Since then we have only seen downside with very little upside.. if there is any upside within the white channel we have seen it collapse shortly after. I have drawn fib levels for COIN finishing up the Wave 2 and it seems that is correct and now on the path of the bloody Wave 3. We should continue to see more downside for the coming days...
NASDAQ:COINShort
by UnknownUnicorn910751
Coinbase (COIN) Daily Price TargetsHey traders, Looking at the daily time frame of Coinbase (COIN) we can see a setup for another test of $80. May 2022 Bottom with the wick down that created the low we hit at the start of 2023, so that was the switch of direction to the upside or bull market, whatever you want to call it. We aren’t going lower than that point and now we should start looking for upside targets. (it won’t go lower unless the company completely goes upside down) Anyways, we are looking pretty solid here right under the $ 60 support and have great potential to move upwards to $ 80 and possibly above. There’s a gap down from $ 80 that will fill, it’s an inbalance in liquidity and is inefficient. Coinbase is also gearing towards becoming profitable and posted positive earnings last quarter, if they can keep this up with clear crypto & government clarity, Coinbase is looking bright. The $ 145 - $ 150 levels I have marked are the levels that will be tested in this next cycle. So if you’re looking long term, that’s not too shabby to hold. As always please do your own research, this is not financial advice.
NASDAQ:COINLong
by kyer
COIN daily chartI like this one for red to green tomorrow. I was expecting a bounce on it today to retest the broken trendline, but I was dead wrong another sharp sell off. Selling pressure is very strong on this one and we are really extended outside of the lower Bollinger Bands, in oversold conditions. Can't see us going much lower than 51.78which is my final support zone to bounce this thing back up to at least the 9EMA. Would love a wick down to that level for a quick bounce play/red to green candidate.
NASDAQ:COINLong
by MIGHTYMIKEE
2