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C2OI34 trade ideas

COIN earnings 8/3/23COIN earnings are on Tuesday, August 3rd, 2023, at 4:10pm. Coinbase Global Inc (COIN) reported Q1 March 2023 earnings of 0.15 per share on revenue of 772.5 million. The consensus estimate was a loss of $1.44 per share on revenue of 0.2 million. Revenue fell 33.8% compared to the same quarter a year ago. Today's pop was because a judge in the Southern District of New York ruled that XRP is "not necessarily a security on its face". I'm posting this as a short because of the setup entry point going into COIN earnings on 8/3/23. Technically, the time to go long has already happened more or less, until there's a significant pullback to a support level. With that said, COIN probably has momentum for a few more days, so I wouldn't go short immediately. Q2 June 2023 Consensus: EPS = -0.76 Revenue = 636M PE = -8.43 100SMA = 63 200SMA = 69 COIN 1 day chart TTCATR 20VWMA levels: R3 = 115 R2 = 106 R1 = 98 pivot = 91 S1 = 82 S2 = 74 S3 = 65 Options data: 7/21 expiry Put Volume Total 86,815 Call Volume Total 123,681 Put/Call Volume Ratio 0.70 Put Open Interest Total 112,134 Call Open Interest Total 88,154 Put/Call Open Interest Ratio 1.27 8/18 expiry Put Volume Total 28,581 Call Volume Total 26,454 Put/Call Volume Ratio 1.08 Put Open Interest Total 58,067 Call Open Interest Total 55,295 Put/Call Open Interest Ratio 1.05 9/15 expiry Put Volume Total 9,965 Call Volume Total 14,061 Put/Call Volume Ratio 0.71 Put Open Interest Total 60,706 Call Open Interest Total 40,379 Put/Call Open Interest Ratio 1.50
NASDAQ:COINShort
by Options360
9
COIN - I don't want to be a short here It held the SEC investigation news very well into the demand. If it continues to build above 50 zone, either the next capitulation move or a news is going to push this back to 80-90. I'd be careful to short this unless 48 is taken out. Until then might be choppy, which would be a great sign for bulls. My personal thesis is that they are going to come out on top through this bear cycle and dominate to crypto market over next decade. Disclaimer: No position yet.
NASDAQ:COINLong
by CheelooTrader
2
💾 Coinbase Targets Based on Gaps & Fibs (175 Minimum)"And the rest shall be history"... The bullish breakout has been confirmed and today we would like to look at the charts for the COIN stock. The volume is great, the indicators, price action and signals are all great, this is already confirmed. ✔️ Based on the Fibonacci extension tool the next target sits at 168, this comes very close to the closest gap at 174/176; so this is a high probability target. It can go higher but this is what we have now based on the current chart and price action. New updates will go out for new targets. Thank you for reading. Namaste.
NASDAQ:COINLong
by AlanSantana
7
$COIN back to $60ish and then $100+?NASDAQ:COIN looks like it's forming a rejection candle right at resistance. If you look at the structure, we broke out of a bottom formation and I think we're likely retesting the structure before a continuation higher. What makes most sense to me is to retest the $60ish area as support and then continue onwards to $100+. In order to do that, price would need to finally break above $76. But with 3 rejections already, I'd imagine the next time it gets up there, resistance will break. Let's see if it plays out.
NASDAQ:COINLong
by benjihyam
1
COINBASE is testing for strong pressureCOINBASE is testing for strong pressure This chart shows the weekly candle chart of Coinbase stocks over the past two years. The figure overlays the high points of November 2021 and the golden section below them. As shown in the figure, the low points of Coinbase in May 2022 and January 2023 are both supported by the 2.382 level of the golden section in the figure. The double bottom pattern has been formed, and the future is likely to rebound strongly upwards! The strong pressure above is at the 1.618 position of the golden section in the graph, and the recent long short split is at its highest point this week, also at the 2.000 position of the golden section in the graph!
NASDAQ:COIN
by Think_More
Coinbase - The Moonboy GuillotineFrankly speaking, Coinbase is a stock you actually want to keep a careful eye on, because as the US/International regimes fully integrate digital currency, Coinbase is quite likely to be a key organ of the network. But for now, this thing is worth $14 billion still and at a time that the crypto market is doing really poorly, Binance and Tether are ticking timebombs waiting to go full Mt. Gox, and banks are about to establish real crypto exchanges. The current breed of digital currencies, including Bitcoin and Ethereum, are things that have been corrupted by Chinese Communist Party entities. All the way from the mining cartels to the communities to the Ethereum foundation, there are links to mainland China every step of the way. And this is something you should really be worried about when the new International Rules Based Order policy is about "de-risking" from China. And moreover, China has a lot of problems from the pandemic, the coming possibility that Xi Jinping will coup d'etat the CCP in the middle of the US night one day soon, and the looming persecution of Falun Gong since 1999 by the Jiang Zemin faction. The timing is a little off to go long, but since you're being told it's time for $100,000, if you believe it, then I suppose you've consented to losing your money. Right now I have calls on Bitcoin for $33,000 to $35,000: Bitcoin - Balance Amidst FUD And Ethereum for a $2,130~ double top: Ethereum - Prepare For The $2,150 Double Top In my opinion, with the chart set up and pattern, the Coinbase market maker is not going to create higher prices. The target is below the December low. Numbers like $15 or $18 are what the low will look like ultimately. And so right now if you're long on this I recommend you sell on a breakout of this April-July trendline around $69. If you don't sell your shares now I really do believe these prices won't be seen again for at least 2 years. I do not believe price will break $72 because the market maker is actually short. For now, the trade gives a scalp opportunity to go from $61 to $69 as well. The target is the very bottom. And then a new new bottom of the new bottom. Afterwards, perhaps Coinbase will rise again.
NASDAQ:COINShort
by LordWrymouth
10
COIN H&S Breakout ContinuesCoinbase continues to gain after breaking up and out of the neckline of an inverse head and shoulders pattern, price is up +10% today - trade was initiated last week upon seeing the inverse head and shoulders breakout. Due to the pop in price today I've raised my stop-loss level to $85.75 in case price reverses on profit taking. This stop level ensures that I exit the trade with a gain if price reverses, while at the same time leaves some room for volatility if price begins to fluctuate. Lower PPO and TDI indicators are still reading bullish, but the green RSI line of the TDI indicator is now above the 80 level which is considered overbought meaning a correction to the downside can be expected. Buy Price: $79.21 Stop-Loss: $85.75 Take Profit: $136-ish Gain if I get stopped out at $85.75: +8.2% Gain if price reaches take-profit level: +71% This stop level will remain adaptive to price movement, price has gained another 3% in the few minutes it took me to write this and COIN is now up +13% on the day.
NASDAQ:COINLong
by PrepForProfit
25
COIN IS LOOKING RED HOT!If it can close a 4 hr candle above 85.65 resistance this is going to fly to 95+ $NASDAQ:COIN. You can see COIN is pushing up now 3rd time is a charm. AlsI have also noticed that if you set your pitchforks in the right place there is usually big ole FVG between the upper and lower 0.25 and the red median lines. Price tends to move quickly through this area on the pitchfork. Plus you have news catalysts like Black Rock announcing they are using Coinbase services to support their ETF.
NASDAQ:COINLong
by pasenner23
1