$COIN Bull Flag Weekly ChartNASDAQ:COIN Bull Flag Weekly Chart, bottoming pattern. News today on #coinbase was bullish and the stock was up today. #bitcoin had a great today as well up over 5%
COIN trade ideas
Coinbase ready to launch . Buy the bad news I think we have a great setup here with price of 50 and target of 265 as we are approaching crypto bull run.
Coinbased poised for short as SEC attacks BinanceWith Binance being sued by the SEC for several violations and the SEC declaring 10 main cryptocurrencies as securities the sector is poised to suffer considerably. CRYPTOCAP:BTC is already down by 6% on this news and the situation is going to worsen in the coming days. The political landscape in Washington wants crypto gone. Whether this will succeed or not, it is meant to push all prices down for a considerable period of time. NASDAQ:COIN is not going to be in a good place as it is involved with most of the tokens below that are now all in trouble.
Alleged securities:
CRYPTOCAP:SOL
CRYPTOCAP:ADA
CRYPTOCAP:MATIC
TSX:FIL
NASDAQ:ATOM
NYSE:SAND
EURONEXT:MANA
EURONEXT:ALGO
NYSE:AXS
ECONOMICS:COTI
whatthefinance.com
RectangleNeutral pattern until cleanly broken.
Short entry is a clean break of the bottom line with a confirmed downtrend.
Price is below the support line but some look for 2 closes below the line for confirmation.
Once the bottom line or the support line is broken it becomes resistance.
Volatile stock as a rule.
No recommendation.
Life is choices.
Short interest is over 20%
52 Week Range
31.55
116.30
Day Range
46.43
52.38
EPS (FWD)
-2.81
PE
-
Div Rate (TTM)
-
Yield (TTM)
-
Short Interest
20.30%
Market Cap
$15.14B
Volume
50,212,062
Coin 6.6.23Moving in its same trash range as expected. Should have bought MSTR or Btc like I Said. Can't believe ppl actually argue over this and have emotional attachment. The chart speaks for itself.
$COIN Sell the Rumor buy the newsNASDAQ:COIN Sell the Rumor buy the news. Double bottom pierced. Chart still looks bearish with all of the moving averages above the stock price.
COIN going to try reach trendlineCOIN is breaking out of small consolidation. Its still in larger triangle. I am making small position for target around 72. If it breaks out of larger falling trendline, it can give nice move.
$COIN - Looking bullishNASDAQ:COIN looking good. Its been hugging on to the fib support and starting to move. Its above all moving averages and golden cross is in the cards. Targets - $70, $84, $110. Downside risk is $50. 💥🚀💰
potential long setup Over the weekend crypto made a solid move to the upside. ill know be looking for Coinbase to follow suite. Price gapped up this morning and is currently trading sideways on the LTF. Normally id be looking for a pullback at market open before taking an entry but the opportunity may not present itself.
Im looking at the $59 and $60 calls expiring 6/2/23
Price target: $65.00
Very bullish on coinIt’s breaking out IMO as we speak
Stochastic rsi has flipped as well
I see confluences for a move to 200$
Lagging behind nasdaq and undervalued imo
COIN Half LifeCOIN has been stuck in a downward channel since it's IPO loosing 90% of it's value. However in that time there have been 3 BUY opportunities returning +50%, +50% and +100% respectively... and they all seem to appear at key levels based on 50% downward movements.
Are we going to see some similar action moving forward ? so $30 and $20 levels might be key to watch.
COIN TRADEI believe Coinbase inc. has very good potential of growing to my TP, this is a long term trade as the main reason it is down is because its link to the cryptocurrency market and not because of the actual company itself. If we see the company it has very good numbers, they are trying to be firm on the regulatory side. I believe as US company it has good potential to keep growing.
$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 $8.50.
KalaGhazi | Coinbase ConsolidationThey're in a brutal battle with the SEC over whether cryptos are securities. He expects fireworks. A nightmare.
Coin update So we discussed the possibility of a W pattern formed on that 57$ 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$.
Good luck I hope we all win big but I am right now being cautious
So I’m staying neutral as we reach 60.35 and 61.35
COIN at cluster support, will history repeat?😜huge bounce last time we had this setup where coin was at trend support/critical support area, so the question is will history repeat?
it usually does in these markets, watching for rally to 59-67-85
last chart from me today, see you again soon with more! :)
CoinThis is setting up nice we put in a double bottom at the 50$. 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
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.
SHORT SETUP FOR COIN I will short COIN until 61.66 area!
The trade is very simple, we have a trend, we have a resistance and suport zones.
✨ NEW: COINBASE ✨ EQUITIES: COIN (100m) ✨TP3 @ 76.85 (close ALL Buy Orders)
TP2 @ 70.95 (shaving 25%)
TP1 @ 66.50 (shaving 25%)
BLO @ 60.10
00:00 Shout Out to @Casey_Louis
00:41 Curve Analysis
02:03 Buy Limit Order
02:18 Take Profit Levels
02:43 TP3 Below the Novice Gap
03:43 Curve Analysis II
04:02 Boost, Follow, Join, Comment
Coinbase exchange. Will rise from the ash. Soon will expanding to 6+ countries. Opening derivative exchange in Bermudas. Open L2 solution on Optimism - Base. Whats will happen with the next new ATH? 1000$.
$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.
