How the (COIN) price action is used to our Advantage

March 29, 2024, 17:04 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for COIN

• Buy COIN slightly over 234.03 target n/a stop loss @ 233.35. Details

The technical summary data tells us to buy COIN near 234.03, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 233.35 to protect against excessive loss in case the stock begins to move against the trade. 234.03 is the first level of support below 265.12, and by rule, any test of support is a buy signal. In this case, if support 234.03 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for COIN

• Buy COIN slightly over 287.06, target n/a, Stop Loss @ 286.23 Details

If 287.06 begins to break higher, the technical summary data tells us to buy COIN just slightly over 287.06, with an upside target of n/a. The data also tells us to set a stop loss @ 286.23 in case the stock turns against the trade. 287.06 is the first level of resistance above 265.12, and by rule, any break above resistance is a buy signal. In this case, 287.06, 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.

• Short COIN slightly near 287.06, target 256.78, Stop Loss @ 287.89. Details

The technical summary data is suggesting a short of COIN if it tests 287.06 with a downside target of 256.78. We should have a stop loss in place at 287.89 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, 287.06, 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.

Day Trading Plans for COIN

• Buy COIN slightly over 276.91, target 287.06, Stop Loss @ 276.26 Details

If 276.91 begins to break higher, the technical summary data tells us to buy COIN just slightly over 276.91, with an upside target of 287.06. The data also tells us to set a stop loss @ 276.26 in case the stock turns against the trade. 276.91 is the first level of resistance above 265.12, and by rule, any break above resistance is a buy signal. In this case, 276.91, 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.

• Short COIN slightly near 276.91, target 257.87, Stop Loss @ 277.56. Details

The technical summary data is suggesting a short of COIN if it tests 276.91 with a downside target of 257.87. We should have a stop loss in place at 277.56 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, 276.91, 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.

Check the time stamp on this data. Updated AI-Generated Signals for  Coinbase Global Inc (COIN) available here: COIN.

COIN Ratings for March 29:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	141.62
P2	257.87	256.78	184.55
P3	276.91	287.06	234.03

AI Generated Signals for COIN

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Coinbase Global Inc (NASDAQ: COIN) data table below can help you with price action, and we have more details too. Trading plans for COIN are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.