The technical summary data tells us to buy COIN near 203.46 with an upside target of 248.35. This data also tells us to set a stop loss @ 202.87
Coinbase Global Inc (NASDAQ: COIN) opportunities are being highlighted by an AI system. The report provides optimal trading strategies for both individual stocks and the stock markets themselves. This methodology is also applied to Index options, ETFs, and futures.
The goal of this specific report is to identify the best trading opportunities in Coinbase Global Inc while also incorporating prudent risk controls. This is a static report, the data below was valid at the time of the publication, but support and resistance levels for COIN change over time, so the report should be updated regularly. Real Time updates are provided to subscribers.
The technical summary data tells us to buy COIN near 203.46 with an upside target of 248.35. This data also tells us to set a stop loss @ 202.87 to protect against excessive loss in case the stock begins to move against the trade. 203.46 is the first level of support below 221.55, and by rule, any test of support is a buy signal. In this case, support 203.46 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of COIN as it gets near 248.35 with a downside target of 203.46. We should have a stop loss in place at 249.07 though. 248.35 is the first level of resistance above 221.55, and by rule, any test of resistance is a short signal. In this case, if resistance 248.35 is being tested, so a short signal would exist.
If 248.35 begins to break higher, the technical summary data tells us to buy COIN just slightly over 248.35, with an upside target of 299.15. The data also tells us to set a stop loss @ 247.63 in case the stock turns against the trade. 248.35 is the first level of resistance above 221.55, and by rule, any break above resistance is a buy signal. In this case, 248.35, 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.
The technical summary data is suggesting a short of COIN if it tests 248.35 with a downside target of 221.32. We should have a stop loss in place at 249.07 though 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, 248.35, 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.
If 224.36 begins to break higher, the technical summary data tells us to buy COIN just slightly over 224.36, with an upside target of 248.35. The data also tells us to set a stop loss @ 223.84 in case the stock turns against the trade. 224.36 is the first level of resistance above 221.55, and by rule, any break above resistance is a buy signal. In this case, 224.36, 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.
The technical summary data is suggesting a short of COIN if it tests 224.36 with a downside target of 221.32. We should have a stop loss in place at 224.88 though 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, 224.36, 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.
