COINan upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
COIN trade ideas
Crypto And Coinbase RisingLooks like Coinbase is on the rise again. It has been making new highs all year long and seems to be building strong volume to test $200 again.
Just triggered a long position before earnings on the 30th of October. IF we can break through the $200 level, Coin will test the 200 day moving average.
The stop loss if set at $173.34.
Profit targets are in white.
Let's see where Coin goes.
$COIN A better MicroStrategyCoinbase stock appears to be bottoming, making it an attractive buying opportunity. With increasing institutional interest in cryptocurrencies and regulatory clarity on the horizon, Coinbase stands to benefit as a leader in the crypto exchange space. The company’s strong user base, diversified revenue streams, and partnerships with global financial institutions position it for future growth. As Bitcoin and other major cryptocurrencies recover, trading volumes on the platform are likely to increase, boosting revenue. Coinbase’s innovation in decentralized finance (DeFi) and blockchain technologies further enhances its long-term potential, making this an ideal time to invest.
Additionally, the case being made for MicroStrategy NASDAQ:MSTR potentially becoming a Bitcoin bank is stronger for Coinbase, as it has business, IT, and regulatory infra for this already in place.
Coinbase (COIN) Shares Rise by Approximately 18% in Two DaysCoinbase (COIN) Shares Rise by Approximately 18% in Two Days
According to the chart, while trading in cryptocurrency exchange Coinbase (COIN) shares opened around $166 on Friday, yesterday's session closed above $196, marking a price increase of around 18% in just two days.
Factors contributing to the sharp rise in Coinbase (COIN) shares include:
→ Bullish sentiment in the US stock market;
→ Expectations of strong earnings – Coinbase is set to report its Q3 results to investors on 30 October. According to Zacks analysts, Coinbase Global could post earnings of $0.34 per share this quarter, representing a 3500% increase compared to the same period last year.
→ A rise in cryptocurrencies. As the BTC/USD chart shows, Bitcoin's price has risen above $65k.
Technical analysis of the COIN share chart indicates that in October, the price bounced from the lower boundary of an important channel (shown in blue), which has remained relevant since 2023. This suggests that bulls may be attempting to resume a long-term uptrend.
On the other hand, the price may face resistance in the coming days at the psychological level of $200 per COIN share, which was previously a support level (as shown by the first arrow). In late August, bulls struggled to hold above this level (as indicated by the second arrow), emphasising the significance of psychological levels – note the false breakout at $150 on 6 September.
According to a TipRanks survey, the average price forecast for COIN shares is $258 over the next 12 months, with 7 out of 15 analysts recommending a buy.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
📉 Coinbase Grows 798% | Weekly Structure Break-DownRight now saying COIN or BTC is the same, if you want to know where the market is headed. Where Bitcoin goes, Coinbase follows.
Bitcoin is headed lower.
We are going to be looking at Coinbase (COIN) on the weekly timeframe.
First, we have the classic rounded top pattern, kind of like an inverted cup; we know this pattern to be a top signal.
➖ The week 11-March COIN produced a bearish close.
➖ The two weeks that followed, COIN wicked higher but closed below the 11-March session open, so remaining within this rounded top range.
➖ This week starts full red and works as bearish confirmation of the previous bearish candlestick based signals.
➖ This action is happening around the same level that rejected a recovery back in December 2021; this is strong resistance.
➖ The wave coming from early Jan through March has perfect proportions; This chart structure, price action, marketwide action and signals are pointing toward a correction.
👉 150 Should be an easy target for this correction, don't expect any less.
👉 It can go below 140 but we have to wait and see... The correction can go for many months... Say it only takes two months to hit bottom but it takes 6 months to move back up to current levels. The whole period would be 8 months and for someone bag holding, that would put you only at breakeven.
There can be one more leg up, one final jump, more growth and it keeps on going... But this is highly unlikely. There is always the possibility of the market going for more but this is a low probability scenario when we consider the action happening with the other charts.
Namaste.
COINBASE Enormous upside from this point. $360 minimum Target.Coinbase (COIN) has staged a strong bullish turnaround since our last analysis (September 09, see chart below) and it appears that we caught the perfect bottom buy:
The stock has been trading within a long-term Channel Up since the first week of January 2023 (22 months). Within this time span, it has seen 4 corrections with the latter being the longest as we haven't seen a new High since the week of March 25 2024. The current correction is almost the same (-48.50%) as the January - April 2023 (-47.15%), while the other two have been around -39%.
The key for now is to close a 1W candle above both the 1W MA50 (blue trend-line) and the 1D MA50 (red trend-line). That will be the last confirmation for this Bullish Leg. This on its own is a very pessimistic development, with the presence of only the 1W MA100 (green trend-line) remaining to offer support long-term.
Now as for the upside, the minimum % rise of a Bullish Leg within this Channel Up has been +146.82% (two times). As a result, as long as the 1W RSI closes this week above its MA trend-line (yellow), a bullish signal that emerged on all previous 4 bottoms of the Channel, we can expect the new Bullish Leg to rise on a minimum +146.82% from its bottom, which gives us a $360.00 Target.
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COINan upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
COIN, ready for BULL SEASON - coincindes market trend shift! ↑↑↑COIN is registering massive volume surge this past few days / weeks. The weighty net buying attributed to market's anticipation to both fundamental and technical upside valuation.
Price has started shifting notably since it's last 'green' calls on its earnings report last March 2023 where EPS beat by +150% over expectation. Since then the company has experienced a +50% price growth.
Monthly histogram is showing seven straight monthly ascend conveying that buyers has started accumulating since the start of the year -- and the current price is being reflected now by the net positive volume.
Pricewise, COIN has recorded a downtrend break based on monthly data-- giving us a clue of what's to come. Bubble up volume (bottom indicator) has recorded its 4th straight signal for this year; cementing its intended goal direction: UPSIDE.
Spotted at 79.0
TAYOR
Safeguard capital always.
Its time! Maybe....I think its a perfect time to re enter or put crypto names back on your radar for a short term pump. We have shaken out all of the hype and bitcoin halving people, hope and happiness is almost dried up in retail.
If we break our dark green line, I would stop out and wait for a re entry at next support. I see COIN to $230 soon....
COINFor now, I see the primary scenario as an EDT (Ending Diagonal Triangle), where a break of the local low is inevitable. What fits within the corrective movement of BTC
COIN doing an inverse head and shoulders Is very near neckline now which is at 172. A break above the neckline may send this to 174
Coinbase UpdateWe still don't have confirmation on the white vs turquoise count. I am beginning to lean towards the turquoise, but the white has yet to be made invalid at this time. I don't have the fibs on, but we're right at the 0.5 retracement fib of the white wave 3. Should price continue higher, then I will revert to the turquoise count.
In short, if we move lower from here, we should be targeting the grey box for the conclusion of wave a of (c) of C of (C). If price breaches $173 then I draft the turquoise count, and we should ideally target the upper box in what would be yet another sub-division. This is exactly why it is such a pain in the butt to track corrective patterns. They can be extremely complex creating sub-divisions upon subdivisions within sub-divisions lol. Hopefully soon, we get the clarity we're waiting on.
COINBASE: Be ready to buy if it crosses the 1D MA50. Target $360Coinbase is neutral on its 1D technical outlook (RSI = 46.702, MACD = -4.680, ADX = 25.125) as after last Friday's (Sep 27th) rejection on the 1D MA50, it hit the bottom of the long term Channel Up and is consolidating. In similar instances inside this pattern, such consolidation was the formation of the new bottom of the Channel. A bullish divergence on the 1D RSI usually accompanies this formation, which is what we have now also. Consequently, if the price crosses over the 1D MA50 now, it will be the trigger buy signal. The target may be a minimum of +144.73% rise (TP = 360), as all prior rallies achieved at least this rise.
See how our prior idea has worked out:
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COIN Technical Analysis: Wave (4) Correction Nearing CompletionTechnical analysis chart of the cryptocurrency "COIN" using Elliott Wave Theory. Elliott Wave Theory is a technical analysis method that suggests that financial markets move in predictable patterns based on a series of five waves.
The information provided in this post is for educational purposes only and should not be considered as financial advice. There is a risk of being completely wrong, and users are warned not to trade or invest solely based on this study. The content is not an advisory and does not guarantee profits. We are not responsible for any kind of profits and losses; individuals should consult a financial advisor before making any trading or investment decisions.
Based on the chart, we had identified a potential impulse wave pattern from January 2023 to the present. An impulse wave pattern consists of five waves, with each wave labeled (1), (2), (3), (4), and (5).
Wave (1): This is the first wave in the impulse pattern and is typically a strong upward trend. In this case, wave (1) appears to have run from the low near 31-32 to a high near 114.
Wave (2): This is a corrective wave that moves in the opposite direction of wave (1). It is typically a retracement of wave (1), but it can also extend beyond the starting point of wave (1). Wave (2) appears to have run from the high near 114 to a low near 69.
Wave (3): This is the second wave in the impulse pattern and is typically a strongest upward trend that extends most of times. Wave (3) given move from 69 to 283
Wave (4): This is a corrective wave that moves in the opposite direction of wave (3). It is typically a retracement of wave (3). Wave (4) is currently in progress, but at verge of completion now any time.
Wave (5): This is the final wave in the impulse pattern and is typically a strong upward trend that completes the pattern. Wave (5) is expected to start soon and could potentially reach the levels of 300 plus.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
COINBASE PIVOT LOWS AND HIGHS STRATEGYDOUBLE TOP
HEAD AND SHOULDERS
RAYS for guidance
Whales have confirmed COINBASE to reach $256.65
MA CUSTOM SETUP WITHIN THE PIVOT STRATEGY
COIN: Basing for a Potential SurgeThe monthly downtrend is active, but we’re currently sitting at a strong support level, close to the first target of this down move.
I’m expecting a base to form here before we see a weekly bullish trend toward the breakdown area of the monthly trend. Once the price reclaims the monthly mode, things should pick up significantly.
January looks like it could be a great start for more movement. NASDAQ:COIN
Coinbase at a Crossroads: Rally to $340 or Drop to $100?**NASDAQ: COIN (COINBASE) 1W/1D**
On the **Weekly timeframe**, :
In my previous analyses ( ) the Golden Cross on the daily moving average was noted, indicating bullish momentum at the time. The price was in a Rising Wedge formation, a pattern often signaling an upcoming downward move, especially in the context of an Elliott Wave count where we were in Wave 3. This strong upward movement at the time allowed for further rises, but also warned of a possible correction in the form of Wave 4.
Now, a few months later, after reviewing the chart, I have slightly extended Wave 3, in which this impulsive wave also displays a clean 1-2-3-4-5 pattern. The previously mentioned correction has been in play. The price is currently at the support line of the earlier Rising Wedge. The question now is whether Coinbase can bounce back again or whether further decline towards the underlying #fibonacci levels will follow.
**On the Daily timeframe**, :
We can see that the downward correction, which began in July 2024, has reached a bottom around $146, fitting within the larger correction from the weekly analysis. The price now appears to be recovering slightly towards the #ema 50 at $187.67, which is a resistance level. The momentum is supported by a strong #stoch, but it is currently in the overbought zone, indicating a potential cooling off. Key levels to watch are the #fair-value-gap around $187 and $216. If the price breaks through these resistance levels, it could lead to further upward movement towards $240, ultimately completing Wave 5 towards $340. However, if momentum decreases, a fallback towards the previous bottom at $146 or the psychological $100 remains possible.
**Conclusion:**
Although there is room for further rises towards $240 and eventually $340, signals such as the overbought #stoch and proximity to resistance levels also point to a potential cooling off. If momentum decreases, the price could retreat to previous lows around $146 or even towards the psychological level of $100.
**Resistance levels:**
- $187 (#ema 50)
- $216 (#fair-value-gap)
- $240 (resistance line from the rising wedge formation)
- $340 (Wave 5 target)
**Support levels:**
- $146 (previous bottom)
- $100 (psychological level)
*Disclaimer: This is not financial advice. Always do your own research and carefully assess your risks.*
COIN - Can Coinbase follow BTC? $265 on the tableGreetings friends!
Hope you're having a fantastic day. I want to give COIN a little love. We've been talking about important moving averages with BTC which are the 50/100/200 Day Simple Moving Averages (SMA). BTC was able to get above them, but COIN has not (yet?). BTC was also able to take out the prior significant bearish pivot (for COIN, that would be on 8/23).
If we can do all that work, meaning market movers get us above all these moving averages (circled), we can see a move up to $265 which I think would be the next short term target for COIN - likely sometime in October or November. There's a LOT of work that needs to be done, though. There's a lot of risk here on COIN, but a decent reward if BTC can do some moves over the weekend when liquidity is lower.
There's downside risk, but you can easily manage your risk at around $162. If you decide you want to use options, I'd get some time and don't try and get too far OTM. You can find yourself up a creek without a paddle if you're gambling with something that I'm saying will take time to happen. Equity is best and there's other ETF instruments that you can utilize before you go down the options route. Even there, I'd suggest call debit spreads vs naked calls as the premium will probably be pricey.
Not any kind of trading advice, but just things to think about before you decide you want to take a trade on COIN. Also - Remember one more thing - COIN is up 29% from the Sep 6 lows. That's quite a bit - so don't go chasing waterfalls. Always wait for pullbacks if there's significant upside that has already been realized.
COINActivated some NASDAQ:COIN 200 calls for later October, chasing brypto strength
Think 618 of 2024 range holds as bottom, having deviated below early September and now reclaimed as support
Yearly POC logical take profit area...
Opening (IRA): COIN Nov 15th 145 Covered Call... for a 135.40 debit.
Comments: High IV (67.3%). Selling the -75 delta call against long stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense.
Earnings are slated to be announced on 11/7, so will look to be out of the trade by then.
Metrics:
Buying Power Effect/Break Even: 135.40
Max Profit: 9.60 ($960)
ROC at Max: 7.09%
50% Max: 4.80
ROC at 50% Max: 3.55%
Will generally look to take profit at 50% max; roll out short call on side test.
Coin breaking resistance? BTC to followCoin I have been following closely and selling CONL puts. These have been absolutely printing me money the past few days. I expect this to be a break here of the medium term resistance. Coin generally leads BTC price action, BTC will likely have a bullish weekend and Monday to follow. I expect 201$ on Coin in short order. The weekly stochastic RSI is just starting to point upward, we have a lot of legroom here.
Bear Flag On The 1D ChartClear as day bear flag on the 1D chart. Next point of resistance? The $120 zone based on the previous TD9 mark. Not too many technical indicators required to see this one. I'm hedging my bets on us seeing one more dump before we see a bounce of any sort. That next bounce hopefully being a complete breakout to the upside. We're slowly inching towards the point of confluence which seems to be centered around the next earnings report at the end of October. Good luck everyone.
Coinbase: Not Yet!Although Coinbase has moved upward within our orange Target Zone (between $180.58 and $134.06), we must still reckon with a lower low of the orange wave ii as the stock can use the whole range of our Zone to complete the current movement. However, since the technical requirements for this corrective move have already been met, the price could also continue to rise directly. In any case, the orange wave iii should surpass the resistance at $323.70, so our Zone still offers long entry opportunities to profit from the expected increases. For hedging purposes, a stop may be placed 1% below the Zone’s lower edge.
