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
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.
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.
$COIN $140 before $300+?If you look at the chart, NASDAQ:COIN has broken out of it's downtrend but has now formed a lower high and looks to be set to go lower from here.
I think the most likely scenario here is for NASDAQ:COIN to correct to the $140 area before moving up to the $350 resistance area.
This would also line up with my thinking that CRYPTOCAP:BTC moves down to GETTEX:54K -48k before seeing new highs.
Let's see how it plays out over summer.
Coinbase (COIN) AnalysisCompany Overview: Coinbase NASDAQ:COIN is one of the largest and most recognized cryptocurrency exchanges globally, offering a wide range of services, from retail trading to institutional crypto solutions. The company has focused on strengthening its position in the crypto ecosystem by targeting both retail and institutional investors.
Key Developments:
Institutional Adoption & BlackRock Partnership: Coinbase’s strategic partnership with BlackRock allows Aladdin clients to access cryptocurrency trading and custody services via Coinbase Prime, which caters to institutional investors. This partnership has the potential to drive significant institutional capital into the platform, thereby increasing transaction volumes and boosting revenue.
Diversification Efforts: Coinbase has successfully reduced its dependence on trading fees by growing its subscription and services revenue, which saw a 34% year-over-year increase in Q2 2023. This revenue diversification helps mitigate the impact of the volatile trading environment often seen in the cryptocurrency space.
Regulatory Compliance: With regulatory scrutiny tightening across the crypto industry, Coinbase’s strong focus on compliance gives it a competitive advantage. As regulatory hurdles increase, the company is likely to capture market share from less compliant competitors, positioning itself as a trusted platform in an evolving regulatory landscape.
Product Innovation: Coinbase continues to innovate with new offerings like the Ethereum layer-2 network and enhanced staking services. These product launches not only enhance Coinbase’s competitive edge but also position the company well for future growth in decentralized finance (DeFi) and staking markets.
Investment Outlook: Bullish Outlook: We are bullish on COIN above the $180.00-$185.00 range, driven by institutional adoption, diversification of revenue streams, and strong regulatory positioning. Upside Potential: Our price target for Coinbase is set at $370.00-$375.00, reflecting its potential to capture more institutional market share and sustain growth through innovative product offerings.
🚀 COIN—Leading the Way in Institutional Crypto Adoption! #CryptoInnovation #InstitutionalAdoption #CryptoCompliance
COINBASE | COIN & SECCoinbase shares are up 35% since the SEC sued the crypto exchange for allegedly selling unregistered securities
But Coinbase stock has bounced back, rising some 35% after dropping to a low of about $50 on the day that the SEC sued the U.S.’s largest crypto exchange. As of Wednesday morning, shares were trading near $70, and the publicly traded company’s market capitalization has risen to about $16.5 billion.
The resurgence of Coinbase mirrors the broader boomerang of the crypto market in June, riding a Wall Streetfueled fever for Bitcoin that has lifted other cryptocurrencies and injected optimism into an industry that was reeling from a battery of enforcement from the federal government.
The Coinbase stock has been rallying, the price of Bitcoin has been rallying, and then these two things usually play off of each other. Specifically, Bitcoin’s resurgence is tied to BlackRock’s recent filing of an application for Bitcoin spot exchange-traded fund, a surprising vote of confidence from the US.’s largest asset manager in the world’s largest cryptocurrency by market capitalization.
Shortly after BlackRock’s application became public, the price of Bitcoin soared, notching its highest price in more than a year as a slew of other asset managers filed applications for Bitcoin spot ETFs, potentially opening up the cryptocurrency to trillions in dollars from brokerage accounts and pension funds.
And where Bitcoin goes, so goes the broader market, as the total market capitalization of all cryptocurrencies jumped from just about $1 trillion to now about $1.17 trillion.
BlackRock’s ETF filing was not only a vote of confidence in Bitcoin but also Coinbase. Its application listed the publicly traded crypto exchange as the custodian for holding the trust’s underlying Bitcoin.
For them to continue and list Coinbase as a custodian for their ETF was a strong signal that these SEC allegations are not that big of a deal
I think the market is telling us…the worst is behind us, as far as U.S. regulatory crackdown is concerned