(COIN) Trading Signals

Trading Coinbase Global Inc (NASDAQ: COIN) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are

Coinbase Global Inc (NASDAQ:COIN) stock technical analysis for September 27:

COIN is currently trading at 188.44. Resistance is at 188.44 with support at 180.43. A pivot is formed at 174.82.

If 188.44 begins to break higher, technical summary data suggests buying COIN just slightly over 188.44, with an upside target of 242.65. The data also suggests setting a stop loss at 188 in case the stock turns against the trade.

188.44 is the first level of resistance above 180.43, and by rule, any break above resistance is a buy signal. In this case, 188.44, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

Technical summary data suggests shorting COIN if it tests 188.44, with a downside target of 179.19. A stop loss should be placed at 188.88 in case the stock begins to move against the trade.

By rule, any test of resistance is a short signal. In this case, if resistance, 188.44, is being tested, a short signal would exist. Because this plan is a short plan based on a test of resistance, it is referred to as a Short Resistance Plan.

COIN is currently trading at 188.44. Resistance is at 188.44 with support at 180.43. A pivot is formed at 174.82.

If 188.44 begins to break higher, technical summary data suggests buying COIN just slightly over 188.44, with an upside target of 242.65. The data also suggests setting a stop loss at 188 in case the stock turns against the trade.

188.44 is the first level of resistance above 180.43, and by rule, any break above resistance is a buy signal. In this case, 188.44, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

Technical summary data suggests shorting COIN if it tests 188.44, with a downside target of 179.19. A stop loss should be placed at 188.88 in case the stock begins to move against the trade.

By rule, any test of resistance is a short signal. In this case, if resistance, 188.44, is being tested, a short signal would exist. Because this plan is a short plan based on a test of resistance, it is referred to as a Short Resistance Plan.