Long Term Investment Analysis

COIN Ratings for July 08: AI Generated Signals for COIN Blue = Current PriceRed= ResistanceGreen = Support

Coinbase Global Inc (NASDAQ:COIN) is presenting traders with trading opportunities as the stock price oscillates within a trading channel.

The technical summary data tells us to buy COIN near 206.15 with an upside target of 250.84. This data also tells us to set a stop loss @ 205.55 to protect against excessive loss in case the stock begins to move against the trade. 206.15 is the first level of support below 220.5 , and by rule, any test of support is a buy signal. In this case, support 206.15 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of COIN as it gets near 250.84 with a downside target of 206.15. We should have a stop loss in place at 251.56 though. 250.84 is the first level of resistance above 220.5, and by rule, any test of resistance is a short signal. In this case, if resistance 250.84 is being tested, so a short signal would exist.

If 229.41 begins to break higher, the technical summary data tells us to buy COIN just slightly over 229.41, with an upside target of 250.84. The data also tells us to set a stop loss @ 228.75 in case the stock turns against the trade. 229.41 is the first level of resistance above 220.5, and by rule, any break above resistance is a buy signal. In this case, 229.41, 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 229.41 with a downside target of 211.74. We should have a stop loss in place at 230.07 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, 229.41, 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 229.41 begins to break higher, the technical summary data tells us to buy COIN just slightly over 229.41, with an upside target of 229.65. The data also tells us to set a stop loss @ 228.87 in case the stock turns against the trade. 229.41 is the first level of resistance above 220.5, and by rule, any break above resistance is a buy signal. In this case, 229.41, 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 229.41 with a downside target of 218.66. We should have a stop loss in place at 229.95 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, 229.41, 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.

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