July 17, 2021, 2:45 p.m. ET, BY John – Contributor | Publisher: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for COIN

• Buy COIN above the target n / a stop loss @ 0. Details

Summary technical data tells us to buy COIN near, but there is no current upside target in the summary table. In this case, we have to wait until a summary table update has been made (which usually happens at the start of each trading day), or until the position is stopped. The data tells us to set a 0 stop loss to protect against an excessive loss in case the stock starts to move against the trade. is the first level of support below 225.01, and by rule, any test of support is a buy signal. In this case, if the support is tested, a buy signal would exist.

• NOTHING . Details

NOTHING .
There are no current resistance levels in the summary table, and therefore there are no short resistance plans that tell us to short stress tests. Resistance levels have broken through upper levels and unless the stock reverses short positions look risky.

Swing Trading Plans for COIN

• Buy COIN on 228.86, target n / a, Stop Loss @ 228.2 Details

If 228.86 starts to break higher, technical summary data tells us to buy COIN just above 228.86, with an upside target of n / a. The data also tells us to set a stop loss @ 228.2 in case the stock turns against the trade. 228.86 is the first resistance level above 225.01, and by rule, any breakout above resistance is a buy signal. In this case 228.86 initial resistance would be breaking higher so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short COIN near 228.86, target n / a, Stop Loss @ 229.52. Details

Technical summary data suggests a short of COIN if it tests 228.86 with a bearish target of n / a. We should have a stop loss in place at 229.52 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 228.86, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

Daily trading plans for COIN

• Buy COIN on 228.86, target 230.30, Stop Loss @ 228.33 Details

If 228.86 starts to break higher, technical summary data tells us to buy COIN just above 228.86, with a target upwards of 230.30. The data also tells us to set a stop loss @ 228.33 in case the stock turns against the trade. 228.86 is the first resistance level above 225.01, and by rule, any breakout above resistance is a buy signal. In this case 228.86 initial resistance would be breaking higher so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

• COIN runs near 228.86, target 220.26, Stop Loss @ 229.39. Details

Technical summary data suggests a short COIN if it tests 228.86 with a bearish target of 220.26. We should have a stop loss in place at 229.39 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 228.86, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

COIN Technical Summary | Raw data for trading plans

With an objective approach to Coinbase (NASDAQ: COIN), Stock Traders Daily attempts to follow the flow of the market using a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of posting, but the support and resistance levels for COIN change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, if COIN is testing support, buy signals surface and resistance is the target. Conversely, if resistance is tested, it is a sign of controlling risk or selling, and support would be the target on the downside accordingly. In each case, the trigger point is designed to be both a great place to take a position (avoid trading in the middle of a trading channel) and it also acts as a level of risk control.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading and long term investment plans for COIN as well. All these elements are proposed under the summary table.