Could coin surpriseThere's been a lot of news lately about the crypto industry at large. This has meant people being bearish on crypto as well as on COIN and predicting a crash in coin stock. However, I think retail are being fleeced again by institution. They dumped the stock on retail after IPO and are hoping to scare retail into selling them back those shares at lower princes. I am long but will be taking profits as we march on.
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Not investment advice.
Coin
Opening (IRA): COIN December 20th 220/230/380/390 Iron Condor... for a 2.67 credit.
Comments: High IVR/IV at 74.1/91.5. Going low delta with the short option legs and narrower than usual with the wings.
Metrics:
Max Profit: 2.67
Buying Power Effect: 7.33
ROC at Max: 36.4%
50% Max: 1.34
ROC at 50% Max: 18.2%
Will generally look to take profit at 50% max; roll in untested side on side test.
COINBASE Strong buy signal on Inverted Head and ShouldersCoinbase / COIN has formed an Inverted Head and Shoulders pattern, bottoming at 274.30.
The bullish signal is confirmed as the price not only crossed over the Falling Resistance of the downtrend that started yesterday, but also above the 5minute MA50.
The standard target of such pattern is the 2.0 Fibonacci extension.
Buy and target 306.00.
Previous chart:
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COIN: NOW IS TIME TO BUY, NOT LATERNASDAQ:COIN
COIN: NOW IS TIME TO BUY, NOT LATER
Pullback levels are so important because they allow you to understand what is happening to the stock you are trading or investing in.
Typically when a stock pulls back and peoples gains begin to deminish or losses begin to mount they let emotions take over and guide their finger to the SELL button.
But, as you can see on the chart and if you watched my don't FOMO into Coinbase video, you know that 80-90% of breakouts retest and we need to wait for that to happen before entering or adding to our position.
I present to you the pullback with levels: I'm 1/2 into my trading position at this time.
Lvl 1: The cup and Handle breakout point once resistance turned support - $283
Lvl 2: Price GAP fill at $273.50
These are the levels to watch and buy if you want into this trade.
All indicators are still BULLISH and we still have a #HIGHFIVESETUP
See previous video attached to this post if you missed the full thesis.
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COINBASE: Can it survive this brutal -10% selloff ??Coinbase remains bullish on its 1D technical outlook (RSI = 66.131, MACD = 29.400, ADX = 29.780) despite today's massive selling that is exceeding -10%. This is because the RSI was highly overbought almost at 80.000 on Monday. So far the stock seems to be correcting the insane rally from the start of November and the rebound on the 1D MA50.
Even during COIN's prior rally phases since June 2023, the time when the 1D RSI first turned overbought (above 70.000) was not the end of the rally/ top of the uptrend but merely a technical correction. At most the correction pulled back to the 0.382 Fibonacci level, which is now at 263. With an upcoming Golden Cross on the 1D timeframe, we believe Coinbase can exceed $400 on this rally phase. Our minimum target remains (TP1 = 360.00) and maximum if you seek more risk TP2 = 435.00.
See how our prior idea has worked out:
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DON'T FOMO ON COINBASE! HERES WHY:NASDAQ:COIN
COINBASE ( NASDAQ:COIN ) has absolutely surged with CRYPTOCAP:BTC , but now is not the time to hit the buy button due to FOMO!
Some trades Cometh and some trades Goethe. You can't have them all!
But you can stay patient and line an entry point for when this stock pulls back, as all stocks do. Remember!
I'm targeting a GAP fill and retest of this massive Cup n Handle breakout to add to my position with shares and options.
Good luck and stay patient
NFA
TON Coin Breaks out from Bullish Triangle Pattern TON coin has broken out from a solid and large bullish triangle pattern confirming that the bulls have taken control once again. it is likely to rise fruther in the coming weeks.
Iam looking at conservative targets but it seems the market does not want to see this coin below 4.8, where there is a very strong support zone.
The targets iam conserding are quite reasonable.6.1,7.00,and 8.00.
Crypto Stonks Are Booming! Top Crypto Stocks to Watch NowFrom Memecoins to Mega Stocks
While crypto traders have been focused on finding the next big memecoins like Doge , crypto-related stocks have also been performing well this year. In today’s analysis, we’ll dive into some crypto related stocks you might want to keep an eye on
1. Coinbase ( NASDAQ:COIN )
First on our list is Coinbase, the top US crypto exchange with a market cap of $48 billion. Since its IPO in April 2021, Coinbase has gained a reputation as a trusted exchange known for its regulatory compliance.
Besides its exchange services, Coinbase offers a self custody wallet popular among the crypto community, with over 10 million downloads. In February 2023, Coinbase launched its own layer 2 blockchain, Base , which has since recorded over $1 billion in total value locked and averages daily transaction volumes of over $400 million.
Coinbase has also played a part in advancing spot Bitcoin ETF approvals, forming a surveillance-sharing agreement with the Chicago Board Options Exchange in July 2023. Additionally, Coinbase partnered with **Stripe** in June to boost the global adoption of USDC. This partnership enables crypto payouts and a fiat-to-crypto onramp, making it easier for users to buy crypto with credit cards and Apple Pay through Coinbase Wallet. Coin is up over 350% since our first signal
2. MicroStrategy ( NASDAQ:MSTR )
Next up is MicroStrategy, with a market cap of $26 billion. Known for its business analytics software, cloud services, and AI-powered analytics, MicroStrategy is more famous for its Bitcoin holdings, driven by the advocacy of Executive Chairman Michael Saylor.
Under Saylor's leadership, MicroStrategy became the first public company to adopt Bitcoin as a strategic investment in August 2020, citing its potential as a store of value. The company accumulated over 121,000 BTC by late 2021 and continued adding to its holdings, despite price volatility and leverage risks. As of 2024, MicroStrategy’s Bitcoin holdings have reached 226,500 BTC, and the company’s stock hit new all time highs, demonstrating its strong correlation with Bitcoin's performance. Mstr is 100% up since our first signal
3. Block ( NYSE:SQ )
Formerly known as Square, Block is a fintech company founded by Jack Dorsey and Jim McKelvey, with a market cap of $38 billion. Starting with small-business payment solutions like Square POS, Block launched **Cash App** in 2013 to provide a user-friendly platform for consumers, competing with services like PayPal and Venmo.
Cash App generates revenue through transaction fees, subscription payments, and Bitcoin sales. It even supports the Lightning Network for quick Bitcoin transactions. Beyond payments, Block owns a majority stake in Tidal, a music streaming service, showing its diverse portfolio.
4. Robinhood ( NASDAQ:HOOD )
Lastly, we have Robinhood, with a market cap of over $15 billion. Founded in 2013 by Stanford graduates Vladimir Tenev and Baiju Bhatt, Robinhood became known for its free, user-friendly trading app, which gained significant popularity during the COVID19 pandemic
Robinhood found itself in the spotlight during the 2021 GameStop and WallStreetBets saga, where it faced backlash for restricting trades on memestocks like $GME. This led to a lawsuit and a $70 million penalty from FINRA for misleading customers and service outages. Despite this, Robinhood continues to grow, boasting 23.9 million funded accounts and nearly $130 billion in assets under custody as of May 2024.
Robinhood has made some notable moves recently, including acquiring Pluto Capital, which provides AI-driven investment advice, and securing a deal to acquire crypto exchange Bitstamp.
Wrap up
If you’re wondering about Bitcoin mining stocks, don’t worry we had a separate analysis just for that. Crypto Bull market just started and be ready for more analysis
which stock or crypto coins you are bullish now and why?
ENA (Ethena) The recent price movement of ENA (Ethena) has shown exciting technical shifts, particularly after attempting to break out of a long-standing price channel four times. This repeated testing of resistance typically indicates strong buying pressure and potential momentum toward higher price levels. With the price channel finally breaking, ENA has surged toward a target range of $2-$5 This upward movement suggests increased investor confidence and bullish sentiment, often seen when technical resistance is overcome after multiple attempts.
A price target of $5 is ambitious, yet plausible, given the increased interest and potential fundamental factors supporting ENA. However, as with all crypto investments, this analysis should be viewed as a technical observation and not financial advice, as the market remains highly volatile and subject to rapid changes based on external influences.
Weekly BTC forecastThis is only my current analysis relying on assumption.
There is still wide open area where it could hit later.
This is only analysis to give you an idea for helping your scenario trading.
Please remember always make the trading plan then initiate placing the position as your scenario meet your trading system AND confirmation. also please set up the SL.
COINBASE Ahead of an enormous bullish break-out.In recent times, we have focused on Coinbase's (COIN) long-term potential on higher time-frames (1W) like the one below (September 09) where we gave a great buy signal on the absolute bottom of the 2-year Channel Up:
On today's analysis we look into the 1D time-frame as Coinbase is about to test its longest 2024 Resistance, the Lower Highs trend-line that started after the March 25 2024 High. With added bullish pressure by the 1D MACD Bullish Cross formed 2 days ago, if this Lower Highs trend-line breaks, we can technically have a very aggressive rally.
The September 06 bottom can be seen as the start of the Head of an Inverse Head and Shoulders (IH&S) pattern, which has a standard Target on the 2.0 Fibonacci extension. That is just above $340. As a result, if the Lower Highs trend-line breaks, you can take additional buys to target $340.
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COIN BASE, LIKE A REAL BASE? OF COINS? CHARTTrends are marked, as are price targets and guidelines—though the latter shouldn't be followed, they do project a significant move to maintain COIN's bullish trend over a longer period. Major resistance lines are noted; however, be vigilant for a trend break, which could signal an exit if you're trading. The maximum I foresee is around 525, but if the crypto market surges, those numbers could climb higher. Currently, if you're skeptical about a 'squeeze,' safer numbers are provided. I've attempted to include both bearish and bullish targets, both of which have the potential to exceed expectations. The yellow circle indicates a potential "breakout zone," but as this extends over time, it could also present significant resistance, so it's a matter of risk levels and what you're comfortable investing at that point.
For the daring traders, I personally view an upward move as more probable. This isn't to say I'm endorsing a reckless approach, but it represents the more extreme side of the bullish projection. Otherwise, adhere to the established price targets and trends. A bullish long-term trend, at least, offers the opportunity to hold for the long term if a trade doesn't pan out as expected—once again, the level of risk is crucial.
For those who are not fond of crypto, just consider how often you've heard the phrase, "if only I had bought BTC in 2016."
COIN Coinbase Global Options Ahead of EarningsAnalyzing the options chain and the chart patterns of COIN Coinbase Global prior to the earnings report this week,
I would consider purchasing the 200usd strike price in the money Calls with
an expiration date of 2024-11-15,
for a premium of approximately $21.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.