Tech weak ahead of thanksgivingQQQ saw downside today. IWM strong ahead of weak dollar.
Yields on watch for wedge breakout
Bitcoin potential Failed Breakout!
COIN trade ideas
Coin marching to holiday targetThis is a chart I shared a while back and the trend is working out perfectly. Coin is meeting my circle target sooner than expected. With the ETF looming, Coinbase designated as the custodian, and binance law suit decided, Coin is looking for a huge upside in the coming year. I have spot that I entered around 40$ and I plan on rolling long term calls all next year. The gold line is the powerful .5 fib.
Even Picasso couldn´t have painted it better - COIN to 180$- update on my last COIN analysis
- since then coinbase stock has indeed consolidated and put in the right shoulder of what appears to be a macro bottoming inverse head and shoulders formation
- target of the formation is anywhere between 170 - 180
- with COIN projected to increase by almost 60% it is likely such a move comes alongside a big fundamental catalyst
In other words: this coin breakout suggests Bitcoin spot ETF approval is around the corner
COINCOIN setting up for its third attempt at breaking this 112-115 area
If it breaks 115 then it has 130 range highs and unfilled 130.15 gap
BTC seems to be cooperating
Coinbase to 500 and there's nothing you can do about itEz money, I got that dawg in me. bookmark this trade and come back within a year.
Rejection will comeshort it boy
Man I love this stock, it gave me consistent gains and is volatile enough for intra day :))
I believe that a rejection will come quickly, because is approaching to resistance, so a retracement may be till the 88-90 area
COIN H&S patternCOINBASE is in accumulation zone, Head and shouders
all road leads higher
bottom is in !
COINAlso, have some 115 - 125 call action active for Jan 2024
Has gap up at 130.15 as additional incentive to push range highs
If BTC pushes 42k for end of year then COIN likely tags this 130 area...
COINCautiously optimistic that COIN can sned 110+ in next ~week, so long as BTC can continue to hold its ground
And if we get any kind of BTC Turkey punp then COIN likely to follow
Will CoinBase be spared? CoinBase stock price can be in for a bumpy ride after receiving the unexpected news from Binance. Sometimes, fundamentals align with technicals and this looks like to be one of those moments.
If this is the case, looking for my first entry into the stock at $ 40.50 if Binance causes a rout in the market. If not, CoinBase shares will slowly creep higher to find resistance @ 120 and track the 50-week EMA.
Has COIN got the momentum to keep pushing? Huge inverse head and shoulders is visible which has played out over the recent crypto bull market and we could be in a nice up trend channel. The question is can the market sustain us continuous momentum, or is it time for more legs down first.
Resistance at $110. Maybe $140 next then $170 OR we head back down to $87 to build some more momentum.
COINActivated some COIN at the money calls. Seems so long as crypto keeps up these will do well. Looking at 131 range highs near term upside.
Bullish scalp on COIN.Please watch my analysis on Coinbase as I explain my technical analysis and why I think we are going up for a nice scalp and what I will be looking for! As always thank you for checking out my analysis!
COIN base preparing for Triple digitsThe presence of an inverse head and shoulders pattern on the weekly time frame, coupled with the ascending annual trend, suggests that NASDAQ:COIN is poised to undergo a test of its all-time highs of the monthly time frame. Additionally, with the imminent approach of the BTC halving event, our analysts at NIXXWORLD anticipate a corresponding increase in the market capitalization of COIN.
Weekly Time frame:
Inverse Head & Shoulder on $COINThe presence of an inverse head and shoulders pattern on the weekly time frame, coupled with the ascending annual trend, suggests that NASDAQ:COIN is poised to undergo a test of its all-time highs. Additionally, with the imminent approach of the BTC halving event, our analysts at NIXXWORLD anticipate a corresponding increase in the market capitalization of COIN.
Double up your stack by May 2024 with $coinOn high time frame chart standards, NASDAQ:COIN Coinbase is a fresh chart. In the past week we have entered the cloud and an edge to edge trade would put price from $99 to double that at $200. Time frame is roughly 5 months. With the majority of the spot etfs going to go through Coinbase, this, in my opinion, is a great play. Spot ETFs for Bitcoin will likely be approved by January 10th, 2024.
COIN LONG (Breakout trigger not yet active)COIN here did a nice breakout from a falling wedge - up to the 50sma where it rejected.
Breakout trigger for this one will be over $86-87 for the next leg to 95-100.
No active trade yet - i set alert for 87 and will enter long there.
(NASDAQ: COIN) South Korea’s NPS Invests in CoinbaseSouth Korea's NPS invests $19.9M in Coinbase, marking a pivotal shift in pension funds embracing digital assets. South Korea’s National Pension Service (NPS), recognized as the world’s third-largest pension fund, has invested $19.9 million in Coinbase shares.
This investment marks a significant foray into digital assets for the pension fund, which manages assets exceeding $755 billion.
This acquisition represents NPS’s first venture into the cryptocurrency sector, opting for a more indirect approach to the burgeoning industry. Instead of direct investments in digital assets, NPS has channeled its investment through Coinbase, a leading name in the digital asset sector. This decision aligns with the conservative strategy typically seen in large institutional investors, where direct exposure to cryptocurrencies is often avoided in favor of investing in related companies.
Coinbase’s Rising Prominence
Coinbase, a company synonymous with the growth and development of the digital asset industry, has recently demonstrated a notable surge in its business metrics. With a reported third-quarter revenue of $6741.1 million, the company has significantly exceeded market expectations, underscoring its robust position in the industry. This financial prowess has undoubtedly played a role in attracting the attention of substantial institutional investors like NPS.
COIN |Coinbase | Purchase zone from $ 24 and belowEntering a long position.
Buying off a tool from $ 24 and below.
After consolidation at the level of $ 24, the instrument can give an excellent profit
COIN longNASDAQ:COIN upside targets 100 103 105 106 110
Maintaining uptrend
Approaching breakout territory
Coin breaking through daily supplyCoin looks to be breaking through supply after a few tests with a clear uptrend in both price and RSI. The stock is looking to retake the daily .786 fib level as well. We are looking at 115 UPCOM:ISH by end of year if the market stays excited about this CPI print and potential rate cuts next year.
COIN stock - Bullish on longtermCOIN is breakoing out from the channel. Probably correlated with BTC movements, which is also bullish yet. Now looks great to reach the last ATH or more :) Of course it's depend on a lot of things.
I bought around 80-82 USD, so my SL is around 85. I'm in winning position now, just the profit amount is the question :)
I'm a beginner trader so I charting for myself only. I mostly trading with crypto but sometimes I wanna check my ideas are working or not.
This is not a financial advice!
COINBASE above the 1W MA100 for the first time ever.Coinbase Global (COIN) broke on Thursday above the 1W MA100 (red trend-line) for the first time in its trading history, following a strong rebound on the 1D MA200 (orange trend-line). The prevailing pattern is a Channel Up, which with the help of the Fibonacci Channel extensions, gets put into a better context.
The 1D RSI shows that there is one pump left on the current rise, similar to the previous two bullish sequences of the Channel Up. Since the 116.50 Resistance 1 level has been unbroken for more than a year, our first target is 115.00, which will make an ideal technical Higher High for the Channel Up.
Beyond that, we will buy after a rejection to the 1D MA50 (blue trend-line) again. In the event that a 1D candle closes above Resistance 1, we will have a bullish break-out in our hands and again after a pull-back (this time not as deep as the 1D MA50), the trend should extend to 150.00 and the 1.5 Fibonacci Channel extension.
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