$COIN (Coinbase share)My biggest bet in 2024 is this.
ETF is a huge driver for industry, Coinbase capt institutions and retail.
COIN trade ideas
Coin attempting to retake 20SMA and long resistanceCoin testing 20 day SMA after a clear downtrend reversal. Looking to collide with 20 day and a longer-term resistance at same inflection point.
COINBASE Needs one more dip before it turns a buy again.Coinbase Global (COIN) is neutral within the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line) after the July 14 - August 18 fall. Even though the 1D MACD has formed a Bullish Cross, we don't think this is a buy opportunity yet, at least not until the 1D MA200 (orange trend-line) gets tested. We have seen this Channel Down-into-consolidation pattern before and always ended with a new Low. The Higher Lows trend-line is there to offer Support long-term (has been doing so since the start of 2023). Our target after that dip will be the 1W MA100 (red trend-line), which is the long-term Resistance. We expect a potential contact around 98.50.
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$COIN - Consolidation Zon Trading with PT of $46.50It is very clear that the stock price is trading back into its consolidation zone. Watch for continue trend heading lower to a price target of $46.50 where there is lots of supply.
COIN has been closing negative for five consecutive weeksCOIN has been closing negative for five consecutive weeks
This chart shows the weekly candle chart of Coinbase stocks over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, the low points of Coinbase stock in 2022 and 2023 are exactly 2.382 positions of the top to bottom golden section in the figure! Recently, the high click rate of Coinbase stock has broken through the 2.000 level of the top to bottom golden section in the chart, and has fallen back. It has been closing negative for five consecutive weeks, and last week's weekly closing line showed a small positive line with an upper shadow line. This week, we will continue to explore the upper limit, but it is obvious that the bulls are weak! In the future, use the 2.000 bits of the top to bottom golden section in the graph as the watershed to determine the strength of Coinbase!
$COIN - Can this get over the $96.00 level?Coinbase has four rejects at this $96 level. Crypto needs some good news for this to run higher and above that level.
COIN NASDAQ A bearish flag can be seen that shows a continuation of the bearish trend again after this correction phase we can use the ABCD tool for projection.
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.
📊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.
