$COIN

COIN is in a bullish consolidation above a breakout level; if it holds this range, it may rise to test resistance near $213.

BullishHe framed it in weeks
“Yields Drop Ahead Of PCE And NVDA Earnings Tomorrow”
Verified InvestingPublished Aug 25 · 1 passage

Jump to any passage

1 passage

Next up on Coin, also receiving the love from the inflow of cryptocurrencies, much like what's going on over in Hood. You can see price action is now consolidating above its breakout place.

Now it did retrace and kissed that trend line today, but notice we never confirmed this was the breakout candle. We never put in any other further days of an extended move above that declining trend line, making the probabilities of a bounce here slightly than what we would have had if we confirmed.

Nonetheless, we still put in a great bounce and putting in consolidation. The more of these daily closes up here in this range, $184, $185, will help Coin build momentum to go up and attack this next level of resistance all the way above $200, right around $213 on this inclining trend line that is derived, as I'll show you here 1 second, back from this pivot low back in January of 2023 and how that held price up on many attempts to come from the above to that line and then eventually broke.

Look at that retest. Broke again. Look at that retest. Broke again. Look at the retest. Broke again. Consolidated. Now we're looking for the follow-through retest of that trend line.

As long as Hood builds that consolidation, that's looks like where we're going to be ending up.

What this channel has said about $COIN

Verified Investing has 2 calls on this stock; only the adjacent ones are shown.

2026-08-31Bullish
Uh next up on the chart, Coinbase. Now Coinbase recently also has had a very nice breakout, has not yet retraced. As we see here, we're putting in bullish consolidation and we're doing so right in a point of resistance on the chart.
Quote at 13:17 ›
2026-08-25BullishThis one
Next up on Coin, also receiving the love from the inflow of cryptocurrencies, much like what's going on over in Hood. You can see price action is now consolidating above its breakout place. Now it did retrace and kissed that trend line today, but notice we never confirmed this was the breakout candle. We never put in any other further days of an extended move above that declining trend line, making the probabilities of a bounce here slightly than what we would have had if we confirmed. Nonetheless, we still put in a great bounce and putting in consolidation. The more of these daily closes up here in this range, $184, $185, will help Coin build momentum to go up and attack this next level of resistance all the way above $200, right around $213 on this inclining trend line that is derived, as I'll show you here 1 second, back from this pivot low back in January of 2023 and how that held price up on many attempts to come from the above to that line and then eventually broke. Look at that retest. Broke again. Look at that retest. Broke again. Look at the retest. Broke again. Consolidated. Now we're looking for the follow-through retest of that trend line. As long as Hood builds that consolidation, that's looks like where we're going to be ending up.
See full history ›
KolSays