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Coinbase Global Inc (Extended Hours)CC

Coinbase Global Inc (Extended Hours)

214.18USDR
−8.22−3.70%
At close at Mar 6, 20:59 GMT
USD
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COIN trade ideas

Coinbase to $118 before facing selling pressureCoinbase is working on a weekly close that would be the highest of the past 13 weeks. Additionally, it has broken out above the weekly Cloud for the first time in it's history. Once the Chikou Span is in 'open space', it will confirm an Ideal Bullish Ichimoku Breakout. NASDAQ:COIN 's periodicity suggests that the next price and time levels to watch are the last week fo December 2023 near the $118 value area where the 100% Fib. extension and the top of the Volume Profile currently exist. However, because the volume profile is almost non-existant above $120, there is a high probability that NASDAQ:COIN could just shoot above in an insane rally.
NASDAQ:COINLong
by itsjustanalysis
7
Coinbase Expands in Europe with French VASP LicenseFundamental Analysis Coinbase expands to France with VASP license, seizing opportunities in a thriving crypto-friendly market amid U.S. regulatory challenges. Coinbase, a cryptocurrency exchange, has marked a European expansion by securing a virtual asset service provider (VASP) license in France. This development, confirmed by a company spokesperson, signals a major stride for Coinbase in extending its services in the European market. France’s AMF watchdog, recognizing the potential of digital currencies, has effectively given Coinbase the green light to operate its array of crypto services within the country. Coinbase European Expansion Amid U.S. Regulatory Challenges Amidst increasing regulatory pressures in the United States, Coinbase’s move into France represents a strategic shift in focus. The U.S. Securities and Exchange Commission (SEC) has been notably stringent with cryptocurrency firms, leading to heightened tensions. Coinbase, facing allegations from the SEC of engaging in illegal securities dealings, has countered these claims, advocating for clearer crypto-specific regulations in the U.S. Coinbase’s European venture came when the U.S. Department of Justice took stern measures against crypto giants like Binance, resulting in substantial settlements and leadership changes. This contrast in regulatory environments underscores Coinbase’s decision to deepen its presence in Europe. France as a Tech and Crypto Hub Coinbase’s French expansion aligns with President Emmanuel Macron’s vision to transform France into a global technology hub. Under the “France 2030” initiative, the French government has allocated 34 billion euros in investments over five years. This investment bolsters France’s position in cutting-edge technologies, including artificial intelligence, cloud computing, and blockchain. The country’s progressive stance on technology and digital assets has attracted several crypto firms, including Circle, Binance, and Crypto.com, which have established their European bases in Paris. The presence of major players like Ledger, a crypto custody service provider, further solidifies France’s burgeoning role in the crypto landscape. Rising Crypto Adoption in France Despite recent market downturns and industry challenges, France has witnessed a steady increase in cryptocurrency adoption. According to Toluna, a data firm, around 10% of French adults currently own crypto assets, and 24% plan to engage in crypto transactions within the next year. Therefore, Coinbase’s entry into the French market with the VASP license comes at an opportune moment. This move enhances the company’s European presence and taps into French consumers’ growing interest and adoption of digital assets. Technical Analysis NASDAQ:COIN stock is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. In case of a negative reaction, the stock has support at approximately 110 dollar. Positive volume balance shows that volume is higher on days with rising prices than days with falling prices. This indicates increasing optimism among investors. The stock has strong positive momentum and further increase is indicated. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
NLong
by DEXWireNews
Coin iS TinklingHi friends, Sharing weekly chart of Coinbase global. So as you can see that i identified an Ascending Triangle breakout pattern in it on weekly chart and below i am sharing some insight and key factors about this breakout which i analyzed on provided chart, hope you like my presentation and give your valuable support to my publication mates. So as we can see above on provided chart that price breached recent swing top and close above and it is highest clsoing after 17-18 months by the price too so i assume that we can see some bullish moves in this counter in coming weeks Guys. Analysis points- You can see that before this breakout price started making higher lows and gradually moved out towards breakout zone and made a higher high pattern too by recent two swing tops, before this higher low formation when price was in lower lows trend i observed that Rsi making higher highs formations so we can say that it was bullish divergence too by rsi at that time and we can say that price just started the resumption of uptrend from there. Targets- Target i identified for this long trade by two ways, one is very simple i am taking resistance target and for the second i meausered height of Triangle from swing top to swing bottom and find out amazingly that both targets indicating almost the target zone, so taken target zone seems very logical for me friends. Breakout Retest Levels- 105 This publication is meant for only learning purpose, it is not any kind of trading advice. Best Regards- Amit “If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” -Mark"Douglas
NLong
by AMIT-RAJAN
31
$COIN - Overbought but ride has just started. Going to try to keep my thoughts simple. With alot of momentum growing in the crypto world it makes perfect sense to see NASDAQ:COIN get its latest pump, especially with BTC hitting 40k+. It is with no question that NASDAQ:COIN is in a overbought scenario as the RSI shows us. We closed today with a spike of above average red volume, leading to an indecision range day after a $10+ overnight gap. Long term, i see NASDAQ:COIN hitting $200 easily. (Inverted H/S, Break of neckline) Are the confirmations that show us our bias. Short term, due to the gap up and clear overbought scenario on the daily.. i want to see a pullback to the 9 daily ema. I dont predict the pull back to be extreme.. buyers are relentless and any significant dip can be expected to be bought. Use proper risk management and enjoy the ride to $200 going into 2024. Cheers.
NLong
by ThornhillHQ
1
CoinHad a very nice breakout which saw a good rejection off 155 area We just broke down from a symetrical triangle which could have contiued this trend to 160 but failed for now. I’m still bullish coin but Mabey we need to come Back in and retest that pattern we just broke out from. I’m in shorts on coin looking for a retest of either 144 or 140. Curently the symtrical trinagle we broke down from around 152 NASDAQ:Z … has a target of 146.40 for today tarhet only. This curent pattern is a smaller symtrical triangle ranging from 148-150 $ Not sure which way it’ll break yet, but I’m thinking downside to contiue to 146-144 at least. But if we break 150 and reclaim this might stop me out of my bearish trade Hopefully the patterns I have drawn makes sence
NShort
by Erictaylor
📊 Coinbase Bearish (70-80 Next Target)Coinbase (COIN) produced a nice bullish wave which peaked 5-Dec. with a DragonFly Doji. In July a bullish wave ending in a Doji preceded a correction, here we have a similar situation. Based on the gaps, it seems it will be a strong correction. 👉 A 40% drop can happen easily pushing the stock to 100. 👉 It can go lower as a test of MA200 as support and hit 77, can be a bit higher or a bit lower. There is room for even lower... You can find additional details on the chart. Namaste.
NShort
by MasterAnanda
3
CoinHanging on here to support. Last time I shorted it was for coin to test the uptrending support at 132. We did that and eventually got a push up and another rejection of 146.50 We are now retest the breakout from last week from 138 being a bigger reistance We need to contiue to hold and reclaim This as well as hold this uptrending support. As long as we can hold this should Be a decent loading area,, if we crack 138 and flip to resistance we might be needing to looking into shorts again Overall above 138 bullish Below 137.50 or so bearish I’m in longs holding this bottom trend support even if it takes a few days to complete. Good luck to all!
N
by Erictaylor
1
Coinbase Navigating Challenges and and Seizing OpportunitiesPotential Challenges NASDAQ:COIN $150 Resistance Battle: a formidable hurdle at $150, representing both a psychological and technical challenge. In the event of a potential rejection at $150, attention turns to the $115-130 monthly demand zone, a critical support level. A pullback to the $115-130 would provide traders and investors with a strategic point for potential entries. Chart Patterns: The ongoing scenario includes an Inverse Head and Shoulders pattern, hinting at a potential bullish reversal, and a Hammer pattern, signalling resilience with a recovery from the lows. Technical Strengths: Recent indicators, including a rising Accumulation/Distribution Line, a vibrant MACD, and an RSI at 76, suggest current technical strengths favouring the bulls. Recognition of the Inverse Head and Shoulders pattern and Hammer formation adds to the bullish narrative, suggesting potential trend reversals. Breakthrough to $150: A successful breach above $150 opens avenues for further highs, targeting the next supply zone at $191-207, though potential selling pressure looms. WATCH for Coinbase's $150 challenge, watch for potential rejection or breakout. Stay vigilant, manage risks, and seize opportunities for informed decision-making.
NLong
by Sniper29x
CoinbaseCoinbase Daily log chart. At IPO process Coinbase stock IPO price was $250 . ...................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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by CryptoTrend-Alerts
COINBASE-SELL strategy weekly chartOf course the share is influenced by nothing else then the crypto movements. These are overdone, and so is the share price of Coinbase. We are way above the regression channel, and also we are way above the Kelner channel, which all contribute the state we are in, i.e. we are overdone on upside. Strategy SELL @ 143-150 and take profit @ 102.50 and place a SL above 165 for now. We need room for this. needless to say, utilize only 0.5x max. of account value for this position.
NShort
by peterbokma
2
CoinSo the idea worked out mint and we got a nice bounce off 130 area I took profits at 132. The overall pattern is holding still closer to the bottom end of it. First bounce is still within the downtrendinf channel If we reject the flat green box reistance that’s 138 If we trend up to the downtrendinf reostance that is 139-139.20. For me a reclaim above 140 puts coin back into potential bullish territory to head up and retest the overal larger upper sloping reistance but for now we should respect the channel
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by Erictaylor