$COIN $360 on the deck? NASDAQ:COIN putting bullish triangle pattern here and it has support now at 21 ema. This looks ready for move up. Bullish pattern forming here. Also CRYPTOCAP:BTC proxy name with better risk/reward here.
COIND trade ideas
Cup & Handle Pattern TutorialA cup and handle pattern is a bullish continuation pattern that signals a potential upward price movement after a consolidation period. Here's a breakdown of its key components:
Cup: The pattern starts with a downward move in price, forming a rounded bottom (the "cup"). The price then rallies back up to the level where it began, creating a U-shape.
Handle: After the cup forms, the price pulls back downward in a smaller, rounded formation (the "handle"). This handle is typically a consolidation period before the price resumes its upward trend.
Win Rate
The cup and handle pattern is known for its high reliability and success rate. Research shows that it has a 95% success rate in bull markets and an average profit of around 54%. However, it's important to follow strict trading rules to achieve these results
COIN NEOWAVE ANALYSIS Experimental analysis with the intention to follow back later on as I am still learning
A very interesting chart to look at simply because of its popularity and future growth prospects.
What stuns me the most is its drop from $130 to $40, a decline of 70% in a matter of 8 days, which is insane.
Anyhow, that drop tells me that we are most likely in a larger downtrend, and things might not look good for Coinbase in the long term.
Currently, we have finished wave A and are in wave B of a flat.
The only thing left is the completion of wave G, which should signal the move down to complete wave C.
This G wave will be a big decider in where Coinbase is headed since wave G is likely to be the same in price as wave A. If not, it might be related by 61.8% or 161.8%.
A move at 161.8% would signal a strong B wave and also lower the chances of potentially retracing wave B completely.
Important note: if we break the current high, we are likely headed for the 161.8%. However, if we keep edging downwards, this means that the top is already in.
COIN NEOWAVE ANALYSIS (DAILY)Experimental analysis with the intention to follow back later on as I am still learning
After posting the weekly chart, I decided to take a look at the daily chart to see if I could spot any clues,
Initially, it looked like an expanding triangle, but after reviewing it thoroughly, it did not meet the requirements.
The only other formation that could fit this structure is a terminal impulse.
In this scenario, Wave 3 is the extended wave, doubling the size of Wave 1.
Typically, when Wave 3 is extended, Wave 5 tends to equal the length of Wave 1. If not, then Wave 1 will usually be either 61.8% or 161.8% of Wave 5.
With this in mind, I would anticipate a minimum 20% upside, a 35% medium target, and a maximum target around 65%.
Obviously, we can only get a real target once wave 4 is over.
I do expect this terminal pattern to be part of a complex correction featuring an X wave, or to be the first leg of a larger corrective structure.
If you read my weekly analysis, you will understand that this complex correction will end wave G, which would end the B wave. This daily chart hints at a stronger B wave, which would put COIN in a bullish long-term trend.
Note: Since this is a daily chart, the probabilities of failure are even.
COIN Scenarios. Thoughts?If we gain here and hold I see all time highs. If we reject here I expect way lower. My play is to enter in the box. Going to wait or miss it.
$COIN- $272 needs to holdCOIN - Chart similar to MSTR. stock is testing 50 EMA support at $272.3. if fails here we can see more downside and good to add puts. Next support at $250 and $225. on high watch
The Crypto Space - Clarity Through COINNASDAQ:COIN has had a phenomenal run since the beginning of 2023, currently up about 1,100% within 2 years!
In this Elliott Wave Analysis, I present my view of where I think Coinbase will stall and fall.
So far the sequence is filling up nicely and has presented, those with a keen eye, several opportunities to join the 11x party :)
As per this 2 day chart, I believe we are quite close to completing w3 of w(5) . In terms of EW, the chart is very clean and has been bouncing off Fibonacci support and resistance, for each wave degree, with relative precision.
I would like to see price tag $353 - $375 then drop to $300 - $271 , before proceeding to a new high between $416 - $457 to complete a full five wave sequence from the 2023 lows.
The sell off, thereafter, should be significant and if the space survives will present another opportunity for similar or greater returns during the next cycle.
This should also coincide with a cyclical top across the cryptoverse.
What are your thoughts?
COIN no deeper pullback...I think COIN is about to leave the station for wave 3 of 5 of this HTF move. I was waiting for $248 but I don't think its going to happen. Instead, it looks like a leading ABC that barely touched the 0.236 retrace. I think BTC is about to make a move above $100K and COIN will follow into the euphoria. Target for next impulse is over $1000. I will enter now and buy more if we do end up going lower.
COIN UpdateStill tracking this wave 4 correction as part of wave 3 of the expected final move up for COIN. I am following a leading ABC structure and anticipating a little more downside before it is complete. My target is $287.60 but it could go significantly lower or be complete already. Next target once this correction is done is the ATH
COIN Appears to be in the LPSY Phase of Wyckoff DistributionCOIN Appears to be in the LPSY Phase of Wyckoff Distribution. Compare a Wyckoff chart with the Coin chart and you will see with match up with the LPSY phase of Wyckoff Distribution.
Trade carefully.
83R trade Coinbase20% chance of success
high risk trade
83R
expecting coinbase to outperform most btc miners
Coin IHS Coin looks good EOY BTC rally could push this higher. Would love for some volume to come in push it here. NASDAQ:MSTR is up from 370 to 411. I think coin is lagging and should have some action soon
Coin Daily Chart $COIN Bull Flag🚩 **Coinbase ( NASDAQ:COIN ) Daily Chart – Bull Flag Formation!** 🚩
Coinbase is printing a classic bull flag on the daily chart, hinting at potential continuation to the upside. Traders are watching for a breakout above the flag's resistance to confirm the move. Momentum could accelerate quickly! 📈
#SPX500 AMEX:SPY NASDAQ:QQQ #BITCOIN #CRYPTO
coinbase updatein the short turn we can see a pull back but in bigger time frame is looking like a inverted head and shoulders. i can see a possible abc correction on smaller time frame so i would wait for entry
$COIN Coinbase fakeout and pump?Can't even explain why but I feel like something similar might happen. Looks a bit dumpy tho.
I wouldn't enter short. Just wait for this fakeout, might be local bottom. and Pump that would take CRYPTOCAP:BTC back up and further push down CRYPTOCAP:USDT.D
Might not even reach the entry price for long. ~295$
COIN ready to lift upGot a really good price target today. The stock has been in a downtrend, dropping almost 9% today. It seems like a good time to add Coin stock.
The weekly targets are as follows:
If the price crosses above $317.75 and closes above this level today, the immediate target is $325, followed by $331.
Breaking above $331 opens the potential for a $340 weekly target.
The monthly target is in the range of $385–$400.
Let me know if you any opinion on this chart analysis
COIN Price Analysis: Key Levels and Targets
--If the price remains above $324.71 on a weekly basis, the first target is $355.55. A breakout above $355.55 would open the path toward the next target at $385.
--Should COIN close 5% above $385 and hold that level, the price could potentially reach higher levels, with price range and Fibonacci targets becoming achievable over the longer term.
--A close below $324.71 would shift the outlook, with $264 and lower levels as potential downside targets.
COIN 50% UP ?COIN - Inverse head & shoulders + Cup & Handle patterns + Above the average line 150.
Only an idea and not a recommendation for trading
COIN 260 - 273 AFTER EARNINGS ?Why Coinbase Could Soar to $260 Post-Earnings
Coinbase, the renowned cryptocurrency exchange platform, has been making headlines with its impressive financial performance. As we approach the next earnings release, there’s a palpable buzz around the possibility of the stock price hitting the $260 mark. Here are some compelling reasons why this could become a reality:
Strong Earnings Report: Coinbase recently reported earnings per share (EPS) of $1.04 for the quarter, significantly surpassing analysts’ consensus estimates1. This positive surprise is a testament to the company’s robust revenue generation and cost management strategies.
Revenue Growth: The company’s net revenue reached $905 million in the fourth quarter, marking a 45.2% increase from the previous quarter2. This surge in revenue reflects Coinbase’s ability to attract and retain a substantial user base, despite the volatile nature of the cryptocurrency market.
Profitability: For the first time since the fourth quarter of 2021, Coinbase reported a net income of $273 million2. This return to profitability could be a strong indicator of the company’s financial health and operational efficiency.
Market Position: With a mission to increase economic freedom worldwide, Coinbase has established itself as a leading platform in the crypto economy3. Its comprehensive suite of services, including trading, staking, and safekeeping, positions it well to capitalize on the growing interest in cryptocurrencies.
Analyst Optimism: Some analysts have set high price targets for Coinbase, with predictions reaching as high as $2764. This optimism is fueled by the company’s consistent performance and the expanding adoption of crypto assets.
Technological Edge: Coinbase is not just a marketplace for crypto transactions; it’s also a technology provider that enables developers to create innovative crypto products3. This dual role could be a key driver in the company’s future growth and stock price appreciation.
Macro Factors: The broader financial market’s sentiment towards cryptocurrencies and blockchain technology can significantly impact Coinbase’s stock. Positive developments in the crypto space often translate into increased trading volumes and higher revenues for exchanges like Coinbase.
Coinbase: ResistanceSo far, Coinbase was unable to decisively break above the resistance at $341.50. Our primary expectation is that the stock should soon make a significant move above this level, as we anticipate the peak of the ongoing wave in magenta well above it. However, our 33% likely alternative scenario suggests that the stock may have just completed the high of the corrective wave alt.(b) in blue. In this case, it would be moving toward the conclusion of the magenta wave alt. between the supports at $160 and $70.76.
(COIN) Stock: Breakout Imminent ? Ah Yes !!COIN stock is testing strong resistance at $349.60, which it has approached twice in the past two days. A cup-and-handle pattern is forming, signaling bullish momentum.
If the resistance breaks with high volume, the stock could rally to $380. The bulls are gearing up for a massive move!
Watch for confirmation and manage risk with stops below the handle formation.
LONG COINBASE- 3x Your money In a YearPrice Target
450$
Time Frame : 1 Year from now on
Disclaimer : Nothing is a financial advice
Bull Year for Crypto?Even for the novice analyst, it's hard not to spot and love the primary cup an hand on COIN. I'll spare you any further opinion I might have on crypto since all of my bias is with the technicals. Point and shoot at anything crypto related and set your conditions. This could be the point in time we look at in the next 5-10 years where we say it was the best last time to purchase coins. Refer to the chart for price targets. Technicals look outstanding for continued movement up both short-term and long-term.
