Coinbase (COIN) Stock Price Holds at Key Support Level
On Thursday, stock market traders were concerned about the sharp drop in Coinbase shares, listed on the Nasdaq, which fell by 9%. This was triggered by rumours that the Chicago-based CME Group is planning to launch cryptocurrency trading, posing a challenge to Coinbase, currently the leading cryptocurrency...
Coinbase reminds me a lot of BNB in the crypto market (2021 days).
Coinbase has done remarkably well in the past one year.
Earnings were good but investors/traders shunned the stock. The reasoning came down to costs increasing even though revenue estimates were knocked out of the park.
The other reason mentioned, I believe this has more merit, Bitcoin prices....
Coinbase has been following my analysis for the most part for the last 2-3 weeks. We did get a slightly deeper move than anticipated, but EWT predicts "normal" moves/structure. It isn't a magic ball that predicts EXACTLY where price will move to. The strength today resembles that of a c wave. Because we were expecting a c wave, I am calling this C of c of (B). I...
Bullish flag, a big one is forming. If you like crypto this is a must. Buy now, and keep buying at every dip. This could blow up the entire place at any time in the upcoming weeks. SL triggers if a weekly candle breaks down the support zone and closes below it with tons of volume.
Today was a huge day for BTC and COIN. I've been calling for BTC to $100k for months. BTC already had a bull flag breakout of its own and now it's COIN's turn.
If you watch my videos and appreciate my analysis - this one's for you. Not so much for coin as it is for understanding what to be seeing and how to building and understanding algorithmic flow and control in the market.
However it is a great COIN opportunity...
As always, I'm here for all of you so please feel free to reach out with any questions, thoughts, or...
Red line connects two points based on exponential moving averages. I don't use SMA and have read that weighted is better than exponential. Hull is better than both and Alma is a modern take only created within the last 20 years. I suppose it all depends on what moving average line the person buying uses to base their decisions. If a super rich person uses Simple...
Interestingly, COIN is showing both a bearish regular RSI divergence AND a hidden bullish divergence on the weekly.
Seeing as the latter has formed more recently, I tend to think we might see a rebound here rather than a bearish continuation, but it could all hang in the balance of the upcoming SEC Ethereum ETF decisions.
Coinbase and ETH remain closely tied. If...
Right now saying COIN or BTC is the same, if you want to know where the market is headed. Where Bitcoin goes, Coinbase follows.
Bitcoin is headed lower.
We are going to be looking at Coinbase (COIN) on the weekly timeframe.
First, we have the classic rounded top pattern, kind of like an inverted cup; we know this pattern to be a top signal.
➖ The week...
Coin should bounce here on the 100 EMA after a 30% drawdown from the local high. With BTC price action undecided there has been a major selloff despite amazing earnings. As the ETF picks up heat Coinbase will benefit alongside Base and other growing areas of the company. This is still my largest winner in long-term portfolio at this point. The stochastic appears...
Coinbase has been very volatile as of late. Rather that be due to BTC or other factors IDK. What I can say though is that the weekly MACD is pointing down and the daily MACD is leveling out. The 4Hr MACD is green but looks neutral to me. Its 1Hr MACD is showing weakness but points higher due to the last high it made. Micro MACD's showing high probability of moving...
Coin is breaking the resistive area I had highlighted on the EMA bounce chart. I marked the area I had mentioned in the previous chart with a green arrow. I expect coin to rally to the topside of the teal resistance line, I marked this with the green circle.
Short-Term Target: 245-250$
Medium-Term: Another test at 274$
End of Year 350-400$
NASDAQ:COIN Weekly chart shows a wonderful pattern of bull flag finding support at what was once a resistance. If plays out as expected, another 60% move likely in the next 12-18 months.
