🪙 $COIN (Coinbase) – Daily Technical Analysis & Trade Plan
Price Stats:
Open: 249.75 | High: 270.45 | Low: 248.83 | Close: 266.46 | Change: +9.01%
📈 Technical Structure:
Wave Analysis:
$COIN has initiated a strong impulsive Wave 3 rally, confirmed by the breakout above the Ichimoku cloud and critical structure zones. The Wave 2 correction appears complete near 170–181, and price has surged beyond key resistance levels, now acting as support.
Momentum Extension:
The next key Fibonacci projection sits at the 1.618 extension = 305.05, with the 2.618 projection much higher at 374.09. Current price action reflects a healthy trending environment for bulls.
🔍 Updated Key Levels – $COIN
Resistance Levels:
305.05 (1.618 Fib) | 327.90 | 374.09 (2.618 Fib)
Support Levels:
258.76 | 244.78 | 224.44 | 215.73 | 204.09 | 189.99 | 181.34 | 170.00 | 163.00 | 150.00 | 140.00
✅ Bullish Scenario:
Trigger: Continuation above 270.00
Trade Setup:
Entry: On breakout continuation above 270.00
Targets: 305.00 → 327.00 → 374.00
Stop: Below 244.78 (or use trailing below last pivot low)
⚠️ Bearish Scenario:
Trigger: Breakdown back below 244.78 support
Trade Setup:
Entry: Below 244.00
Targets: 224.44 → 215.73
Stop: Above 258.76
🧭 Strategy Notes:
$COIN is confirming a classic Wave 3 breakout with strong momentum and clean structure.
As long as the price holds above 244.78–258.76, bulls remain in control.
Use pullbacks toward rising support for positioning and protect profits as 305.00 nears.
