COIN trade ideas
💾 Coinbase Global, Goes Bullish | Next Target Mapped (120%)Looks like the bleeding is over for Coinbase (COIN) and this is definitely good news.
Not because of Coinbase itself but because this matches the reversal signals we are seeing on Bitcoin and the Altcoins.
Coinbase is part of crypto.
Coinbase starts to recover.
Crypto starts to recover.
Bitcoin starts to recover...
What I mean is that this stock going bullish at the same time work as a confirmation signal.
A low was hit 28-Dec.
All the major cryptocurrencies also hit a low late December.
Yesterday we saw a full green candle, increasing volume and the RSI trending upwards.
Here is what we can expect, we are going to be looking at this mid-term.
The first target will be $63.96.
Yes, there will be resistance at $45 where EMA50 sits right now but the Fib. numbers are more relevant than the moving averages to us.
The main target should be around $83...
We have until late March for this move to fully develop giving us potentially higher targets but who knows... This is what looks do-able based on the signals coming from this chart.
The whole thing/analysis/setup is invalidated if COIN moves and closes daily/weekly below $31.
By the way, hitting $83 would mean more than 120% on this bullish wave.
Namaste.
💾 Coinbase Super Bullish | Multiple Targets MappedThe consolidation pattern on the COIN-base chart we looked at changed to a bullish flag, this doesn't change much since the bullish breakout is already confirmed.
If Bitcoin growth is any indication over the weekend and the strong bullish signals on this chart we should see a continuation this week.
✔️ Gold is going bullish as well.
Short-term the next target is set at 84 and should hit very easily, followed by 100 also easy.
The higher targets will take a bit longer but there is potential for more, based on the chart.
Namaste.
Play crypto with CoinbaseIf you want to play crypto coinbase is related. Crypto market has been down for a while and my barber at the barber shop
has stopped talking about crypto and how he will become a millionaire. Thats a good sign. I belive now is the time to buy.
The price is far below its avrages and we have higher margin of safety then ever before.
I bought between 35 and 40. i will keep adding my position every time it dips in the 30 ranges.
Will be a longer term play.
Also there are not many credible exchanges left, binance is shady and Coinbase is the only one
doing it right regualtory and accepted by most traditonal banks for transactions.
Happy investing.
COIN 200% Upside Potential?Interesting setup here on COIN.
My primary analysis was with the 4D, on that chart price as recaptured momentum and bias (the RDA).
So I dropped down to the daily to verify the pattern is holding and if the signals cascade down. They did.
Below is where I'll enter this trade, I might start on market open today regardless of if it gets to this zone.
Scale is done on the 60m and 5m charts on momentum and bias shifts.
SL is obvious, solid close below 34.70 cut position or take risk, scaling in more with the expectation of impulse up, then exit if follow thru does not happen.
Timeframe: who knows, but if price on D and 4D stays above RDA and momentum long there's really no reason to get out of the trade.
Earn A 14% Yield Waiting To Buy Coinbase At A 67% DiscountIdea : Sell Coinbase $25 strike puts expiring 5/19/2023 for $55 per contract ($0.55 market bid)
Note : Your broker will reserve $2,500 in buying power for every contract sold.
Stats :
-67% breakeven (underlying stock can drop this much until assignment)
13.6% annualized return
97% chance of max profit
Comments : Coinbase is a bedrock crypto company. The exchange is one of the last remaining firms in the regulated space, and while there has been some uncertainty recently about the banking sector and their commitment to facilitating crypto “bridging”, we expect that fears are overblown, and the company will continue to work towards consistent profitability and cash flow. Base, Coinbase’s new Ethereum L2 should help this goal, along with new initiatives the company continues to roll out.
The recent rally in crypto prices has helped the stock as well, as the sector seems poised for a rebound on the back of issues present in the traditional monetary/financial system.
Risks : Should regulators effectively prevent Coinbase from facilitating fiat payments in addition to crypto transactions, then the stock would take a beating. Additional price pressure on cryptocurrencies could also hurt earnings, as reduced interest and transaction volume hurt exchange fees. Finally, the stock is simply rather volatile as a result of having a wide variety of potential future long term operational and financial outcomes. Should the stock drop precipitously on no news, or on tactical positioning by funds and other market participants, then this trade could suffer losses.
$COIN: weekly trend signal, could be a substantial bottomI think odds are good that Coinbase has bottomed for the first time since IPO. Worth a shot on the long side here, I like that they are planning to diversify away from US as jurisdiction and embrace international clients in a safer location allowing them to expand their offerings into lending, derivatives and whatnot.
Chart setup is very good and it should mostly correlate #Bitcoin and #miner charts so it's likely a good addition to a portfolio with exposure to crypto.
Best of luck!
Cheers,
Ivan Labrie.
💾 Coinbase Bulls Confirmed | Targets MappedWe looked at a consolidation pattern on the last update for the Coinbase stock, COIN.
After breaking bearish, the correction hit bottom and an even stronger recovery followed.
We have a very strong RSI and a bullish cross on the MACD with the histogram going green.
The week is going to close full green and how the week ends, the next week tends to follow.
We are expecting a very strong/green/positive week next week for Cryptocurrency and Coinbase is already confirming this with strong bullish action today.
We continue aiming higher.
Higher highs with 98, 118, 145 and up to 168 as the targets for this current bullish wave.
The charts can always change so make sure to plan and do your own research if you decide to trade.
Namaste.
Markup soon?It looks like it is getting close to a markup. Price has consolidated at the end of a bullish pennant. The last couple of days were already a liquidity test, but it is possible that there would be a second round. Any positive crypto news could send this up. However this could also still go lower. Cautiously long until confirmation.
Squeeze the coins out this PiggieIn with short position on this over extended bad boy. PT is sub 50 from here in the near term
$COIN good R/R for a bear tradeRetesting triangle breakout point. History may repeat here. I will get out quick if we trade back above 61.25. Have a good day all.
COIN Coinbase potential Sell-Off !!!If you haven`t bought COIN puts here:
Or sold it here:
Then you should know that COIN Coinbase was more than a client of Silicon Valley Bank, and the relationship between the two companies was more than just a client-provider one.
Back in 2014, when cryptocurrency projects and businesses affiliated with crypto struggled to secure financing from traditional sources, Coinbase gave a stock warrant to Silicon Valley Bank.
This was part of an agreement between the two companies, which allowed Coinbase to use the bank's services.
The warrant gave the bank the option to buy more than 400,000 shares of Coinbase's class B common stock for slightly over $1 each. The warrant was valid until June 2024, but it is unclear what its status is currently.
However, Silicon Valley Bank's latest annual report to the Securities and Exchange Commission revealed that the bank earned $116 million in gains "related to Coinbase's direct listing" in 2021.
Coinbase has also paused conversions between USDC (a stablecoin pegged to the US dollar) and US dollars, due to the ongoing banking crisis that has affected the crypto industry.
Circle, which backs USDC, confirmed that $3.3 billion of the $40 billion supporting its stablecoin was deposited at Silicon Valley Bank.
Following the bank's seizure by the FDIC, the fate of that cash is uncertain, and USDC's dollar peg has been lost temporarily.
It remains unclear what Coinbase's exposure to USDC is at this time.
Considering the chart, my Price Target for COIN Coinbase is $34, for a potential Double Bottom.
Looking forward to read your opinion about it!
COINBASE Stock Chart Fibonacci Analysis 031123 1) Find a FIBO Slingshot
2) Check FIBO 61.80% level
3) Entry Point > 58/61.80%
COIN short bearish push for expect
Hi viewers, CTAS price break zone, tech. side showing we can expect bearish trend
TP1:47
TP2:43
COIN Coinbase Crypto Winter in SpringIf you haven`t sold COIN here, ahead of earnings:
Then you should know that following a string of investigations and lawsuits against it, Silvergate Bank, a prominent lender to cryptocurrency firms, lost five key partners on March 2.
Coinbase, Paxos, Gemini, BitStamp, and Galaxy Digital were among the notable crypto firms that previously relied on Silvergate as their banking partner.
As a result, Coinbase ended its relationship with SI Silvergate and turned to SBNY Signature Bank, which i also believe it can drop significantly in price.
In my opinion, we are about to witness a Crypto Winter in full Spring.
COIN Coinbase could easily reach $53 by the end of this month, according to the Fibonacci retracement tool.
Looking forward to read your opinion about it.
$Coin to hell 3 bearish signs inside a triangle , clean breakout for the range Targeting around 30$ ...
COIN setting up to lose daily ema cloud.. and moreThe daily ema cloud is being tested and broken into. A continued move in this direction sees a break of our current neckline for the topping pattern known as a head and shoulders.. we see this over and over again in the market.
💾 Classic Consolidation Pattern | Bullish PennantWhat are the odds of a bullish continuation?
The odds are rising, higher and higher, with each passing day.
Looking at the Coinbase stock, COIN, we have the classic bullish pennant which is a consolidation pattern.
That's basically all we need to know.
Consolidation and bullish but there is always more.
✔️ The RSI is still strong even after more than a month of correction.
✔️ Same for the MACD, it remains above zero.
✔️ COIN is also trading above EMA50. That seals the deal.
Bullish continuation more likely than not.
Namaste.
SOLID GOLD $COIN : SHORT FORECASTif u seeing this u understand that there is a bear market in crypto and the general stock market
u also understand more money is made from shorting this stock than btc/eth/xrp/shiba/doge combined
Well i got enough reason to short do ur own due diligence
COINBASE - US Stock| Bullish Trend - Buy Limit 1HrCOINBASE is showing a Bullish Trend with HHs and HLs . It is expected that this trend will continue further. We are placing a buy limit order because it has formed an upward trend while using Fibonacci retracement and RSI tools.
COINBASE stock (280% gains if you're patient) NEW analysisCOINBASE stock looks great.
Falling wedge broke out bullishly and what we saw on 13 and 14 of February was creation of higher low and support retest.
Target 1 is at 114$ . It's a technical target from the bullish falling wedge pattern.
Target 2 is for patient investors/swing traders as it may take some time to get it.
At 205$ most likely we will see a trend reversal and heavy sell pressure as it's a strong resistance.
We are bullish on COIN in Q1 and Q2 2023.
Good luck
COINBASE CUP & HANDLEIt's an obvious risky play! and should draw BTC as well, but this is my first published drawing, and I really don't expect it to be accurate.
I have made some sketching where i see a cup and handle forming. I also drew a trendline for those who are holding as long term with the parallel channel completing the trend and the exit if it breaks the channel then price should head south to the bottom of the demand zone (if drawn accurately).
<$57 - Buy puts - Calls >$67
As I mentioned it is my first time and am still learning and doing mistakes so forgive me for that and i appreciate your comments.
COIN - False BreakoutNo news rip, looking to be a false breakout on this pennant. Expecting reversal to the downside.
