COIN stock movement. Does it follow BTC?Hi everyone,
This time we are taking a look at recently IPOed NASDAQ:COIN stock.
It may seem obvious that NASDAQ:COIN price is following crypto market movement.
If that's so, do technical indicators matter for this stock analysis?
Let's find out.
Taking BTC as a benchmark for the whole crypto economy, we clearly see that NASDAQ:COIN follows BTC movement almost exactly.
However, standard technical indicators, such as support and resistence, seem to hold up for NASDAQ:COIN stock.
Thus, if we can use TA for BTC or any other crypto, we can definitely use it for NASDAQ:COIN .
SO
Implementing my boxes as per usual.
What do we see?
Box breakout to the upside on increased volume.
What's the plan?
See if the price consolidates in the circled area.
Preferred entry at 295 level defence.
Keep it simple and be patent.
Let me know what you think of NASDAQ:COIN .
Trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
Coin
FARM - CHAD COIN Q4 Update As requested, update on the Harvest Finance "FARM"
After my previous analysis, we have seen a prolonged accumulation phase for the FARM token. Moving Averages are compacted. In the short-mid term, we will see a move. TVL is still healthy with a ratio of 0.25. Earing you 30% APY.
I expect to see this coin pump when BTC and ETH have their runs happening RIGHT NOW. (check updates) 2021-10-20
Caution:
As we see more Ecosystems rise on different chains. FARM'S performance is being affected mutually.
There is a good chance we might see a pump in price. However previously we saw dips short after. If you are not planning on holding this coin long-term, taking profit is a good option in this Q4
I appreciate the feedback. This is what will keep me posting analysis of financial & crypto markets and sharing it with my audience. We are now going to be looking at ATHs in the crypto space I would like people to succeed, and will be keeping you posted.
Smogster
COIN breakdown confirmed. Is it a negative sign for BTC as well?Coinbase has confirmed the breakdown of the bullish channel since BTC's rise from 30k$ levels. We should see a retest of 250$ ish levels before going down again if I'm right. Since COIN is highly correlated to movements in BTC, is it a sign of upcoming downside in BTC too ?
Disclaimer : This is not a financial advice. I'm just sharing these charts for educational purposes. I do not have any positions in the assets discussed above yet.
Long $COIN$COIN - Coinbase Trailing 3 Mths
After todays announcement of Coinbase becoming the official crypto platform of the NBA, WNBA, NBA 2K League, & USA Basketball, the 1st Bitcoin Futures ETF launching yesterday from ProShares Trust, along with the recent up-trend in major Cryptocurrencies, I have a bullish outlook on $COIN for a long-term strategy.
COIN bullish Nov option flow oct 11COIN had bullish Nov option flow on oct 11: over 1700 $295 calls , 1900 $300 calls and 2200 $305 calls were bought.
Look for break over $286, as this is previous resistance.
Bitcoin is closing in on all time highs of $64700, but look for a small pullback after this big weekly rise.
I like HUT, MSTR and SI for other crypto stocks too.
#COIN: Coinbase about to rally for 9 weeks at leastLooks like $COIN is ready to rally here, was accumulated and can move up dramatically in the coming 8 weeks. Crypto as a whole looks like the long term uptrend I had forecasted in August 2020 is still en route, despite what I had initially thought myself, after we had a dramatic crash from the April top following the IPO.
Best of luck if trading this or holding, trend is up, but watch out for my target zone and behavior once the time expires for this move.
Cheers,
Ivan Labrie.
COIN Coinbase sold by ARKK fund???Is Cathie Wood`s ARK fund anticipating a top in the crypto space right now?
On 10/12/2021 ARKK fund sold 5,855 shares of COIN COINBASE GLOBAL INC, for about 1.5Mil usd.
When the fund starts a sell, it`s usually a multiple day sell on "small" positions. In this case it was 1.5Mil worth of shares.
The only thing that makes me optimistic right now about Coinbase, is the NFT marketplace.
On Oct. 12 Coinbase NFT was launched, a peer-to-peer marketplace that lets users mint, collect and trade NFTs, or non-fungible tokens.
On the other hand, on 10/14/2021 Devin Ryan from JMP Securities Boosted the Price Target with an Outperform rating from $300.00 to $330.00
This is a one year price target.
I`m looking forward to read your opinion on it.
BTC Crash continues, EOY prediction might be a futile dreamMany projected 100k before End of the Year(EOY) and neglect the fact that an heavy loaded Horse can't be compared to a Cheetah.
The projection was right but the Bears race to cut down buyers is also very important, Those most significant sell side liquidities need to be cleared before we can think of any possible 100k Move.
NB: Educational use only.
Thanks.
HF.
Jump to BTC rapid train at ~49500! Nfa!New Fibonacci levels after the last dip (~40K) and last high (~58K) in daily graphic signals retracement to ~49500. Fractal patterns in the last months also suggest that BTC loves to come below to previous swing ATH before travelling to new ATH's. Upcoming months with probable good news such as ETF's may take BTC to unknown ATH's and hence this may be the last stop to jump to the train at a reasonable price. This is not a financial advice, please decide on your own!
$COIN Coinbase we UPPP!-We bounced off the cloud on Friday we are looking for a pull back down to 240.38...
-Opportunity to buy more at this low for our swing
-looking for an entry / re-entry down at 240.38
-NOW there is a chance we can bounce around the cloud and price can play around $247.21 and bounce there so keep tabs on this Monday
The trading volume of EOS coins in the last 24hr Looking at the long term and short term view, we can see the bullish trend in a long time and bearish in the short term as the price is going to fall as of now because, after the bullish run, there will come a period of consolidation as the price is dropping. Still, the bulls are not ready to give up the fight as they are also pressuring the price, but this consolidation period will also end as the bull or bear will break the support or resistance, which will make the trend.