All depends on the fed. Only judging from a basic bearish rising channel mixed with negative divergence.
The share has moved as expected, and looking at the chart, we should reach around $ 170-180. the pattern is "M-top" and neck line somewhere @ $ 240 area. For now we are slightly oversold, and we could pullback to $ 250-250 before the decline will set in to 170. Strategy SELL @ $ 245-250 and take profit @ $ 175. SL above $ 280.
Just though the chart looked kinda nice. It filled this little daily gap so far. Slight relief seeing the market finally retrace a little bit as well
Setups on COIN and MSTR are somewhat similar. Different in many respects because MSTR was at a high but very similar in the 4.23 extensions (Which often marks trend exhaustion). An additional factor to support the case for a possible reversal here is we have the 76 fib. If BTC breaks again, it's liable to make a really scary looking chart. And if that...
Lines up with the 1.618 fib which can act as major support on falling price action. Solid long entry IMO, time will tell.
Coinbase made some good progress today towards the target box. It appears to me we are in wave iii of C of (A). More specifically I think we're in wave 4 of iii and should have a little retrace before dropping again to the 1.382-1.618 ($218.14-$213.18) for 5 of iii before raising again for wave iv of C. MACD should start to raise towards the zero line if this is...
Hello friends In the case of Coinbase, we are witnessing the formation of an upward wave. This upward wave can be 5 waves or zigzag, of course, everything depends on the growth of digital currencies. But the probable scenario is a 5-wave, whose waves 1, 2, and 3 have been completed. Wave 4 may be zigzag, triangle or... Therefore, by breaking the ceiling of $281,...
Great setup in COIN at the moment. Once price breaks 254.50, take longs to 268 target. Good luck! - not financial advice
The BULLS are ready to be wage war against COINBASE. Decoded a bullish engulfing pattern on a 4hr TF. No once knows the outcome for tomorrow at coinbase but we do now. Engulfing will take price not sure how high but my ATR PIPS calculation reads $275 at 10.9 pips. As of now coinbase is at $251 Engulfing is telling us the BULLS will push the price up by...
After the news, we have a new entry point to long. This news can become the one making the BTC and crypto go to new highs on a near future so this entry can be justified also by this. Great Trade !
In the coming weeks, Coinbase will suffer from the trend reversal in the crypto market and the decline in Bitcoin.
The price briefly moved off track but then came back into the usual range. It first paused at EQ, and if we drop below EQ, we might hit RL. However, we could correct imbalances, possibly bringing us back to EQ, making it easier to reach RH. On the other hand, if we fail to hold EQ and then retest, we could head to RL. How we enter or retest is key, it decides...
The chart pretty much speaks for itself. It looks like we are sub-dividing yet again. This drop from 05 April @ $253.96 is either another sub-division or it is the wave 1-2 of C forming with wave 3 of C of (C) coming soon to complete the larger A wave. The multiple boxes show the normal ending for the different sub-divisions with the red bordered box showing where...
Coinbase 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...
In a significant turn of events, Coinbase ( NASDAQ:COIN ), a leading cryptocurrency exchange, finds itself embroiled in legal turmoil as a class action lawsuit, initially dismissed in 2021, is revived by the 2nd US Circuit Court of Appeals. This development thrusts the platform into the spotlight once again, reigniting debates over the regulatory landscape of...
now the coin is most use to trade. now day the coin is the famous currency to trade and invest especially small Crypto.
As we know, last week there was bearish divergence. Now that we broke trend, there’s a magnet pulling price towards the next level of support. This has made my top watch next week as I’m hoping for continuation to gap below at 200.
Ark Invest, the investment firm led by Cathie Wood, has sold an additional 25,662 shares of Coinbase ( NASDAQ:COIN ), worth $6.4 million, as part of its ongoing re-balancing strategy. The firm sold 22,690 shares worth $5.7 million from its Innovation ETF and 2,972 shares worth $742,000 from its Next Generation Internet ETF. This marks the first major sale of...